Cascale Hosts EU Omnibus Package Briefing Webinar in Collaboration With Policy Hub

On July 15, 2025, Cascale hosted a member-exclusive webinar in collaboration with Policy Hub to provide a briefing on the EU Omnibus Simplification Package and its implications for the apparel and footwear sector. The session brought together over 100 registrants from 25 countries, reflecting strong global engagement on the evolving EU sustainability policy landscape.

Moderated by Gabriele Ballero, public affairs manager at Cascale, the session featured insights from Elisabeth von Reitzenstein, senior director of policy & public affairs at Cascale; Maravillas Rodriguez Zarco, senior director of Higg Index strategy & operations at Cascale; and Marina Prados Espínola, director at Policy Hub. The speakers examined the implications of proposed changes to the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD), offering members a timely analysis of what’s at stake and how to prepare.

1The timing of the webinar coincided with the European Parliament’s Legal Committee’s consideration of amendments and discussion of its negotiating position, marking a critical moment for EU sustainability legislation. Attendees received a breakdown of the two key components of the Omnibus Package — the “Stop the Clock” proposal, which delays certain implementation timelines, and the “Content” proposal, which is still under discussion and would introduce targeted modifications to CSRD and CSDDD.

Speakers outlined the evolving positions of the European Commission, the European Parliament, and the Council, highlighting points of alignment and divergence on company thresholds, climate plan requirements, and the scope of the value chain. The discussion emphasized how proposed shifts — particularly the potential move toward a Tier 1 rather than risk-based due diligence approach, and the proposal to introduce a SME shield limiting brands’ reporting requirements to SMEs in their value chain — could reshape compliance obligations for companies operating in global supply chains.

The webinar also addressed how Cascale’s Higg Index tools support member preparedness amid regulatory change. Rodriguez Zarco shared how the Higg Facility Environmental Module (Higg FEM) offers strong coverage of material environmental impacts across Tier 1 to Tier 3 — critical for environmental impact reporting and risk assessments under CSRD and CSDDD. She also emphasized that the Higg Brand & Retail Module (Higg BRM) remains a leading sector-specific ESG framework for apparel, textile, and footwear companies, including small and midsized enterprises (SMEs) seeking CSRD alignment. Cascale will assess the need to update relevant content and mapping guidance once the final Omnibus text and European Sustainability Reporting Standards (ESRS) data points are confirmed.

This session reflects Cascale’s active role in shaping and responding to legislative developments through both technical engagement and advocacy. This includes contributions to Policy Hub’s workstreams and participation in a joint industry statement calling for ambitious, enforceable sustainability standards within the EU framework.

This webinar is part of Cascale’s broader strategy to deliver credible, coordinated, and forward-looking policy engagement — equipping members with the tools, information, and support needed to respond effectively to regulatory change.

Member Resources Available

The webinar recording and presentation slides have been shared with registrants and are also available for download on Cascale Connect, Cascale’s members-only community platform.

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1 https://eur-lex.europa.eu/eli/dir/2025/794/oj/eng

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Azerbaijan’s Sovereign Wealth Fund to Acquire Minority Stake in 402 MW of Solar Assets in Italy from Enfinity Global

  • SOFAZ to acquire 49% stake in a 402 MW portfolio of solar power plants in Italy from Enfinity Global who retains 51% and will be the long-term asset manager
  • The portfolio includes 14 solar power plants across the Lazio and Emilia-Romagna regions, with electricity output contracted through long-term PPAs

ROME, July 18, 2025 /PRNewswire/ — The State Oil Fund of the Republic of Azerbaijan (SOFAZ) and Enfinity Global, a leading renewable energy company, communicate to have entered into an agreement under which SOFAZ will acquire a 49% equity interest in a 402 MW portfolio of solar photovoltaic (PV) plants in Italy. Upon completion of the deal, Enfinity will retain a majority stake and continue to lead the management of the assets, leveraging its leading position in the Italian renewable energy sector.

 

Enfinity Global Logo

 

The investment aligns with SOFAZ’s strategic objectives by offering a stable and predictable income stream, while also contributing to global efforts in the transition to sustainable energy — consistent with the Fund’s mandate as a long-term investor.

Through this agreement, Enfinity brings in capital partners to support its Italian portfolio, enabling reinvestment and accelerating the deployment of its 2.6 GW solar and 5.3 GW energy storage pipeline, reinforcing its position as the leading Independent Power Producer in the country.

The investment comprises 14 solar PV plants, both operational and under construction, located in the Lazio and Emilia-Romagna regions of Italy. The energy generated by these facilities is contracted through long-term power purchase agreements (PPAs), ensuring predictable energy prices for customers and stable cash flows. The portfolio is expected to produce approximately 685 GWh of clean electricity annually, which will lead to an estimated reduction of 184,950 tons of CO₂e emissions per year—equivalent to the annual electricity consumption of over 250,000 Italian households.

Carlos Domenech, CEO of Enfinity Global: “We are honored and welcome SOFAZ as a long-term partner and investor to our first vintage Italian contracted PV portfolio. This investment is a meaningful example of transitioning to sustainable energy with a win-win outcome for all countries, investors, and customers involved.”

Israfil Mammadov, CEO of SOFAZ: “Through this strategic collaboration with Enfinity Global, SOFAZ supports the delivery of competitive, clean energy to meet Italy’s growing energy needs, while contributing to local economic development and household energy access. As a forward-looking institutional capital provider we remain committed to supporting strategic investment opportunities in Italy and across Europe.”

The transaction was supported by a team of advisors to Enfinity, including Mediobanca as financial advisor, Legance as legal counsel, and Fichtner as technical advisor. SOFAZ was advised by JLL as M&A advisor, Dentons Europe Studio Legale Tributario as legal counsel, EY as financial and tax advisor, and DNV as technical advisor.

Logo: https://mma.prnewswire.com/media/1907378/Enfinity_Global_Logo.jpg

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SOURCE Enfinity Global

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Leelanau Conservancy Seeks to Revitalize Sugar Loaf for Public Access

With the community’s help to raise necessary funds, generous landowners pledge to donate the historic Sugar Loaf property.

LEELANAU COUNTY, Mich., July 17, 2025 /PRNewswire/ — Sugar Loaf, one of Northern Michigan’s most iconic landscapes, is poised for a remarkable rebirth. The Leelanau Conservancy must raise $1.6 million by the end of the year to transform the long-dormant site into a world-class public scenic area, permanently protected and open to all.

“This is a once-in-a-lifetime opportunity to restore a place that holds deep meaning for so many,” said Tom Nelson, Executive Director of the Leelanau Conservancy. “We envision Sugar Loaf as a place where people of all ages and abilities can hike, bike, cross-country ski, play, and reconnect with nature—where conservation and community come together on the mountaintop.” 

The vision for the new Sugar Loaf includes:

  • A publicly accessible trail network for hiking, biking, snowshoeing, and cross-country skiing.
  • Universal access features, including a universal access loop trail for people with restricted mobility.
  • A summit pavilion for scenic views.
  • Family-friendly features, such as a sledding hill, nature play area, and outdoor gathering space.
  • Ecological restoration to protect native species, reduce erosion, and improve water quality in the Good Harbor Bay Watershed.

Thanks to the generosity of the anonymous landowner who acquired the property in 2020 and funded the clean-up of the shuttered hotel and abandoned ski infrastructure, Sugar Loaf is ready for its next chapter. Once the Conservancy meets its fundraising goal, the present owner will donate ownership of approximately 285 acres to the nonprofit, securing its protection and public access forever. The landowner will retain ownership of the currently closed airfield.

Funds will go towards stewardship, trail construction, restoration, and infrastructure to welcome the public back to Sugar Loaf. For now, the property remains closed to public access until the funding goal is met, and the property finds its final home with the Leelanau Conservancy.

“Ownership feels this land should belong to the community. Its goal has always been to see Sugar Loaf preserved and reopened to the public, not developed. By placing it in the capable hands of the Leelanau Conservancy, and through the support of its members and the community at large, ownership can ensure that future generations will enjoy Sugar Loaf’s recreation and cherish its views forever,” says Ross Satterwhite, who has represented ownership throughout the process. “It is an incredibly generous gift to the Conservancy and community,” he said.

The Conservancy is calling on the public to help raise the necessary funds to secure the donation and bring the vision to life. So far, $6.4 million has been raised; $1.6 million is needed to complete fundraising. Every contribution brings the community one step closer to protecting Sugar Loaf. More than a memory, Sugar Loaf will be a living legacy of conservation and recreation for everyone, forever.

Community Information Sessions will be held and are open to the public.

  • July 30th, 6pm at Solon Township Hall.
  • August 5th, 6pm at Glen Arbor Township Hall.

To sign up, learn more or donate, visit leelanauconservancy.org/sugarloaf 

About the Leelanau Conservancy
The Leelanau Conservancy is a nonprofit land trust. Founded in 1988, the Leelanau Conservancy has protected more than 19,000 acres of critical natural lands and working farms across the Leelanau Peninsula. Through land protection, stewardship, and community engagement, the Conservancy works to ensure that Leelanau’s natural beauty, ecological health, and rural character are preserved for generations to come. Learn more at https://www.leelanauconservancy.org.

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SOURCE Leelanau Conservancy