Economist Impact brings together over 500 executives at the Mövenpick in Amsterdam to share case studies on technology use, CSRD-compliant reporting, supply chains, and finance. The agenda includes a CSO Leaders Club and sessions on climate capital, transparency, and nature-based solutions—with the aim of translating strategies into measurable results for European companies.
At Climate Week NYC, European Commission Vice President Teresa Ribera stated that the EU is expected to reach an agreement on its updated climate target “within a few weeks.” The Commission’s proposal still envisages a 90% net emissions reduction by 2040 (compared to 1990), but negotiations between Member States ahead of the October talks and COP30 are ongoing.
ExxonMobil has stepped up its efforts to prevent the EU directive on corporate sustainability due diligence and has called on US officials to raise the issue in trade talks. The company argues that compliance with the directive would burden its operations and has suspended a €100 million investment in the plastics recycling industry for the time being. Non-governmental organizations and lawmakers remain divided as Brussels debates changes, scope, and the timeline for implementing the directive.
The Spanish Meteorological Agency (AEMET) confirmed that the summer of 2025 was the hottest since records began – 2.1 °C above the 1991–2020 average and even hotter than 2022. With nine of the country’s ten hottest summers occurring this century, authorities warned of increased risks from wildfires, droughts and health hazards if faster adaptation measures and emissions reductions are not implemented in heat-affected regions and sectors.