ExpertiseBanking and financial law
Publication date: 21-04-2021
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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