Sustainable Finance

Published 21.12.2017

HLEG Report and Action Plan:

  • Commission:
    • Set up a High Level Expert Group on sustainable finance on December 2016.
    • Mid-term report of the HLEG published together with a consultation on 13 July 2017.
    • Publication of a consultation of the fiduciary duty of institutional investors and asset managers on 13 November (consultation runs until 28 January 2018).
    • On 13 November 2017, the Commission launched a public consultation on institutional investors and asset managers’ duties regarding sustainability.
    • Publication of a consultation of the fiduciary duty of institutional investors and asset managers on 13 November (consultation runs until 28 January 2018).
    • On 31 January 2018, the HLEG Report was published.
    • On 8 March 2018, the Commission published its Action Plan on Sustainable Finance.
    • On 10 January 2019, the Technical Expert Group published a report which aims at assisting companies in developing quality-related disclosure that comply with NFRD and addresses the recommendations of the TCFD.
    • On 30 January 2019 Commission published a reflection paper on a more sustainable Europe by 2030
  • Parliament:
    • On 2 February 2018, the ECON Committee’s draft report on sustainable finance was published.
    • On 21 February 2018 ,the ECON Committee held a public hearing on sustainable finance.
    • On 21 February 2018, the ECON Committee discussed the draft report.
    • On 24 April 2018, the ECON Committee adopted its draft report on sustainable finance.
  • Council: Discussions are ongoing.

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: Discussions are on-going.
  • Next steps: Council to reach a general agreement and start of trilogue negotiations.
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Contact

Association des Banques et Banquiers, Luxembourg

Address

12, Rue Erasme L-1468 Luxembourg

Phone Fax
Opening hours

Monday to Friday from 8:00 to 17:30.