On the 24^th of May 2018, the European Commission has proposed a package of three laws that should encourage the financing of activities that tackle climate change, and to a lesser degree the financing of activities that should boost a sustainable economy. It stipulates measures to avoid greenwashing, i.e. abusive claims to be ‘green’ investments, and to integrate environmental, social and governance (ESG) risks in investment decisions. While this is a first step towards sustainable finance, these measures will not compel a massive shift in financial flows, nor comprehensively integrate sustainability in the financial sector.

Read the full report: “Sustainable finance in new EU legislation: focus on climate investment”.
https://www.somo.nl/wp-content/uploads/2018/06/Sustainable-finance-in-new-EU-legislation.pdf

Myriam Vander Stichele

Click here to subscribe to our weekly newsletters in English and or French. You will receive one email every Monday containing links to all articles published in the last 7 days.