European Green Deal: The European Commission adopts several financial measures

As part of its Green Deal, the European Commission has adopted several measures to encourage financial flows towards the “sustainable” activities in the European Union:

• EU Taxonomy Climate Delegated Act: a delegated act on the EU climate taxonomy that aims to support sustainable investment by specifying the economic activities that contribute most to achieving the EU’s environmental objectives;
• A proposal for a Directive on Corporate Sustainability Reporting (CSRD): this proposal aims to improve the flow of information on sustainability in the corporate world;
• Six amending Delegated Acts on (i) fiduciary duties and (ii) investment and insurance advices: these acts will ensure that financial firms (advisors, asset managers or insurers) integrate sustainability into their procedures and in their investment advice to clients.

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