Enterprises, Stock Exchange, Financial, Equity markets, Sustainable investments, Green financial products
The EU action plan for sustainable finance is coming
The European Commission presents its strategy
The European Commission presented its action plan for sustainable finance with the aim of directing the EU capital market towards a development compatible with the fight against climate change and a harmonious development of the economy and society.
It is a program that collects the indications of the expert group report on sustainable finance in Europe (HLEG-High-Level Expert Group on Sustainable Finance).
“The transition to a greener and more sustainable economy – underlined the vice president of the EU Commission Frans Timmermans – is beneficial for creating jobs, for people and for the planet. Today we make sure that the financial system works in this direction “.
The plan proposes interventions on different levels, starting from the harmonization of the classifications of the sector, a uniform “taxonomy of sustainability” that facilitates the mobilization of financial capitals on a continental scale.
This will also allow the introduction of real “EU brands” for “green” financial products.
In addition, appropriate transparency disclosure obligations will be defined for institutional managers and institutional investors on the one hand and for corporate disclosures on the other.
EU Commission Vice-Presidents Valdis Dombrovskis and Jyrki Katainen stressed the importance of sustainable investments for a transition to a more efficient and cleaner circular economy.
Milan, March 9th 2018
FTA Online news
Source Borsa Italiana
