The European Parliament’s Committee of Economic and Monetary Affairs endorsed on Monday (5 November) a decision that makes it mandatory for all financial market participants, including banks, to disclose sustainability risks and impacts of their portfolio, a move that NGOs say brings the EU one step further in greening its financial system. “Monday’s vote has set a very high level of political ambition for the next steps of the Sustainable Finance Action Plan,” said Eleni
EU to tell Amazon to pay Luxembourg back taxes U regulators are expected to order Amazon (AMZN.O) on Wednesday to pay Luxebourg millions of euros in back taxes, a person familiar with the matter said, the latest global company to be hit by an EU crackdown on unfair tax deals. The European Commission ruling wraps up a three-year long investigation into whether Amazon received an unfair advantage based on a 2003 Luxembourg tax ruling which
In the past several posts, we have defined Big Data, shown the problems we hope it will address, and described how CSRHub has implemented a Big Data approach to creating corporate social responsibility (CSR) and sustainability ratings. It is time now to discuss the benefits and drawbacks of the “Big Data” approach.