Sustainable Finance

Updated on 02/05/2019

State-of-play: Pre-legislative phase.

HLEG Report and Action Plan:

Legislative Proposals:

Proposal on Taxonomy:

Proposal on low carbon and positive carbon benchmarks

Proposal on sustainable investment disclosure duties:

  • On the 24 May 2018, the Commission published a proposal on sustainable investments and sustainability risks.
  • Parliament:
  • Council: Reached an agreement on 19th December 2018.
  • Trilogue: On 7 March 2019 trialogue agreement has been reached.
  • Next steps: The agreement will be now submitted to the Council and the European Parliament for endorsement. Formal adoption followed by publication in the Official Journal.
  • Commission: launched a consultation on 30 September 2015 that ended on 31 January 2016
  • A public hearing at the Commission took place on 17 May 2016.
  • On 7 June 2016, the Commission published the summary of the call for evidence.
  • On 22 November 2016, the Commission published a follow-up communication on the call for evidence.
  • On 1 December 2017, the Commission published a progress report, providing an update to the call for evidence in 2015.


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