“Ethical Markets welcomes this report from the European Commission, which will accelerate the necessary shift from fossilized sectors to the growing greener, healthier, knowledge-richer, sustainable sectors of the world’s economies. We have tracked private investments and technologies in these sectors since 2007 in our “2017 Green Transition Scoreboard®” . ~Hazel Henderson, Editor”.
European Commission releases its Action Plan for Financing Sustainable Growth
It includes a comprehensive set of supportive tools and resources, such as: proposals for a taxonomy on climate change, environmentally and socially sustainable activities; standards and labels for sustainable financial products; support for sustainable infrastructure; mainstreaming ESG factors into market research and credit ratings; exploring how corporate governance can better enable sustainable finance; enhanced oversight of sustainability by the European Supervisory Authorities, and more.
Among the proposals particularly relevant to PRI signatories, the Action Plan proposes:
The PRI was delighted to contribute to the EU HLEG as an observer, and to see many recommendations from the EU HLEG incorporated into this comprehensive plan. We warmly welcome the Action Plan for Financing Sustainable Growth and will continue to work with signatories and the European Commission to support its delivery.
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Director of Policy & Research