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German firms embrace sustainability measures, central banks buck trend

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German firms embrace sustainability measures, central banks buck trend

Friday 18 June 2021 – Vol.12 Ed.24.5

Report: German companies back Brussels climate mitigation policy

German companies are embracing European Commission plans for a sustainable economy. That is the message of an OMFIF survey on sustainability challenges for large companies in Germany. The study encompasses the views of 104 unlisted and 32 listed enterprises. The survey is the first significant effort in Europe to gauge corporate reaction to the plans announced in April for a Corporate Sustainability Reporting Directive, a central feature of Europe’s climate mitigation programme.

Download the full survey results on the website.

Commentary: Central European outliers continue to target inflation

By Miroslav Singer in Prague

By the end of the month, two central European nations, Czechia and Hungary, may tighten monetary policy. The Czech National Bank and Magyar Nemzeti Bank’s plans reflect a post-Covid world facing more pronounced inflationary pressures. The two banks also feel pressure from constituencies to emphasise their anti-inflationary credentials. They stand out from the rest of the central banking world with their commitment to inflation targeting.

Read the full commentary on the website.

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