+
Please help us to improve our service...
Are you a Financial Services or Investment Professional?
Thank you!
FEM logo
Fund EcoMarket

the sustainable, responsible and ethical investment information hub

EU Announces Sustainable Finance Action Plan

EU HLEGOn 8 March 2018 the EU published its response to the Sustainable Finance HLEG (High Level Expert Group) report issued in January.

 Go to the new EU Sustainable Finance information here.

The report is accompanied by an action plan and an event which will be live streamed on 22 March.

I am yet to digest the report, however this excerpt from their published information appears to be the most pertinent:

===

Commission action plan on sustainable finance

The recommendations of the HLEG form the basis of the action plan on sustainable finance adopted by the Commission in March 2018.

The action plan sets out a comprehensive strategy to further connect finance with sustainability. Its key actions include

  • establishing a clear and detailed EU classification system – or taxonomy – for sustainable activities. This will create a common language for all actors in the financial system
  • establishing EU labels for green financial products. This will help investors to easily identify products that comply with green or low-carbon criteria
  • introducing measures to clarify asset managers’ and institutional investors’ duties regarding sustainability
  • strengthening the transparency of companies on their environmental, social and governance (ESG) policies. The Commission will evaluate the current reporting requirements for issuers to make sure they provide the right information to investors
  • introducing a ‘green supporting factor’ in the EU prudential rules for banks and insurance companies. This means incorporating climate risks into banks’ risk management policies and supporting financial institutions that contribute to fund sustainable projects

The Commission is organising a live streamed high level conference on 22 March 2018 .

 

===

Sign Up to our Newsletter

If you are a Financial Services Industry professional you can sign up for our newsletter

Click Here

Latest News

Searches for ESG funds increase rapidly – with sustainability issues dominating
July 2, 2020

Usage of the adviser friendly sustainable investment fund database ‘Fund EcoMarket’ increased sharply over the last six months. Fund EcoMarket welcomed 7.9k unique users over the 6 months to 30 June 2020 – compared to 5.5k over the same period in 2019 (source: Google Analytics). The average session time was 4.31 minutes. Commenting on the […]

EU ESG consultations – SFDR & Disclosure
June 19, 2020

Introduction The EU has a raft of consultations ongoing aimed at driving  investment to be more focused on sustainability. I am yet to give these the time they deserve, but to help you keep up to date here are some thoughts and links you may like to digest… Although their work on sustainable finance has […]

June 12, 2020

Newsletter link… Our most recent update with tons of recommended reading and viewing from our wonderful fund partners in these lovely lockdown days… Download our 11 June 2020 newsletter here. (https://mailchi.mp/7adbcf7a374a/pr1jpbda8k)   Happy clicking! Julia   ps One small gremlin crept in  … the link to our updated company site www.sriServices.co.uk is https://www.sriServices.co.uk available here.