facilitate sustainable investment - 2018/0178(COD) The proposed regulation forms an integral part of the EU's efforts, under its Capital Market Union project,
| Previous PDF | Next PDF |
[PDF] LIMITE EN - EURACTIVcom
14 déc 2019 · NOTE From: Presidency To: Permanent Representatives Committee No Cion doc : COM(2018) 353 final Subject: Regulation of the
[PDF] Sustainable finance – EU taxonomy - AWS
Bas Eickhout (Greens/EFA, the Netherlands) COM(2018) 353 24 5 2018 2018/ 0178(COD) Ordinary legislative procedure (COD) (Parliament and Council
[PDF] Joint comments on the taxonomy proposal (2018/0178(COD))
SMEunited, AECM and EUROCHAMBRES appreciate the efforts undertaken at EU level to develop a common understanding of what can be defined and
[PDF] 12360/1/19 REV 1 MP/jk 1 ECOMP1B 1 In - Better Regulation
23 sept 2019 · In March 2018, the Commission published its Action Plan 'Financing Sustainable Growth', setting up an ambitious and comprehensive action
[PDF] LIMITE EN - PoliticoEU
11 déc 2019 · Considering that the establishment of a unified classification system for sustainable economic activities is the most important and urgent action
[PDF] Texte déposé - Sénat
14 jui 2018 · PROPOSITION Origine: Pour le secrétaire général de la Commission européenne, Monsieur Jordi AYET PUIGARNAU, directeur Date de
[PDF] Sustainable Finance
2 Strengthen the financial stability by incorporating environmental, social and governance factors (so-called “ESG factors”) into investment decision-making In
[PDF] Topical Digest Sustainable Finance and EU Taxonomy
facilitate sustainable investment - 2018/0178(COD) The proposed regulation forms an integral part of the EU's efforts, under its Capital Market Union project,
[PDF] 2019 ap chemistry free response
[PDF] 2019 ap chemistry free response answers
[PDF] 2019 fina world championships women's water polo
[PDF] 2019 labour law and employment manual
[PDF] 2020 21 uefa nations league final
[PDF] 2020 baby boom
[PDF] 2020 nations cup hockey
[PDF] 2020 21 uefa nations league groups
[PDF] 2020 21 uefa nations league results
[PDF] 2020 21 uefa nations league teams
[PDF] 2021 dakar rally route
[PDF] 2024 olympic gear
[PDF] 20ème arrondissement paris dangereux
[PDF] 20ème arrondissement paris histoire
FOLLOW EPRS european parliamentary research service http://epthinktank.eu EPINFOGRAPHICS/EPRS @EP_thinktank european parliamentary research service TopicalDigestSustainableFinanceandEUTaxonomyMay2020ProposalforaregulationoftheEuropeanParliamentandoftheCouncilontheestablishmentofaframeworktofacilitatesustainableinvestment-2018/0178(COD)TheproposedregulationformsanintegralpartoftheEU'sefforts,underitsCapitalMarketUnionproject,toconnectfinancewithneedsoftheeconomyandtheEU'ssustainabledevelopmentagenda.ItshouldfacilitateinvestmentsinsustainableprojectsandassetsacrosstheEUanditispartofapackageputforwardbytheEuropeanCommissionon24May2018andannouncedinitsActionPlanonSustainableFinanceinMarch2018.Theaimistoincludeenvironmental,socialandgovern ance(ESG)co nsiderationsinthedecision-makingprocessofinvestorsandassetmanagers.Theproposedregulationsetsoutun iformcriter iafordeterminingwheth eraneconomicactivityis environment allysustainable.Itfurthersetsoutaprocessinvolvingamulti-stakeholderplatformtoestablishaunifiedEUclassificationsystem(EUtaxonomy)basedonasetofspecificcriteria,inordertodeterminewhicheconomicactivitiesareconsideredsustainable.TheaimisagradualdevelopmentofanEUtaxonomyforclimatechangeandenvironmentallyandsociallysustainableactivities.SuchEUtaxonomywillbeembeddedinfutureEUlawandprovidethebasisforusingthatclassificationsystemindifferentareas(e.g.standards,labels,sustainabilitybenchmarks).CurrentlyMemberStatesdifferintheirinterpretationsastowhatcountsassustainableinvestment.SomeMemberStateshaveinplacelabellingschemesormarketledinitiativestodeterminewhatqualifiesasgreenforinvestmentpurposes,othersdonothaveanyruleinplacebutarelikelytolegislateinthisfieldbasedontheirowndefinitionofsustainableinvestments.Sustainablefinance-EUtaxonomyBriefingbyStefanoSpinaci,April2019InMarch2018,underitscapitalmarketsunionprojectandaspartofabroaderinitiativeonsustainabledevelopment,theEuropeanCommissionpresentedanactionplanonsustainablefinance,inordertofacilitateinvestmentsinsustainableprojectsandassetsacrosstheEU.On24May2018,theCommissionputforwardapackageofthreeproposals,includingmeasurestocreateasustainabletaxonomyfortheEU;provideclarityonhowenvironmental,socialandgovernancefactorscanbetakenintoaccountforinvestmentdecisions;andestablishlow-carbonbenchmarks.Thefirstproposalfocusesonestablishingacommonlanguageforsustainablefinance(e.g.aunifiedEUclassificationsystem,ortaxonomy)throughaframeworkofuniformcriteria,asawaytodeterminewhetheragiveneconomicactivityisenvironmentallysustainable.TheproposedregulationwouldlaunchagradualprocessfortheestablishmentofauniformEUframeworkofcriteria,whichwouldbeusedtoclassifytheenvironmentalsustainabilityofeconomicactivities.ThisprocesswouldinvolvethecooperationoftheCommissionwithabroadrangeofstakeholders,inordertodefinethetaxonomyframeworkandtokeepitevolvinginstepwiththerapidlyevolvingconceptofsustainability.Thetaxonomywouldbedevelopedthroughdelegatedacts.On11March2019,theECON-ENVIjointcommitteeadoptedareportontheCommissionproposal,callingforanumberofchanges.On28March2019,theParliamentadopteditspositionatfirstreading.On25September2019,theCouncilagreedacommonpositiononthedossier.Aftertrilogues,EuopeanParliamentandCouncilreachedanagreementon18December2019.ThenewruleswillbeformallyadoptedbytheCouncilandtheParliamentfollowingthelegalandlinguisticrevisionofthetext.Aframeworktofacilitatesustainableinvestment'Ataglance'notebyStefanoSpinaci,March2019Sustainablefinancebroadlyreferstotheprocessoftakingdueaccountofenvironmental,socialandgovernanceconsiderationsininvestmentdecision-making.Thereiscurrentlynoclear,standardinternationalframeworkthatdefineswhatis'sustainable'andwhatis'green',eventhoughanumberofmarketinitiativeshaveemerged.
FOLLOW EPRS european parliamentary research service http://epthinktank.eu EPINFOGRAPHICS/EPRS @EP_thinktank european parliamentary research service TheexistinglackofclaritycouldbeexacerbatedifMemberStatesweretotakeactioninthisareaindividually,withnocoordination.Diverseclassificationsystemswouldincreasemarketfragmentationandraisecompetitionproblems,makingitmoredifficultandcostlyforinvestorstounderstandwhatisandwhatisnotacceptedassustainable.TheproposedregulationaimstoestablishastandardEU-leveldefinitionofwhatqualifiesasanenvironmentallysustainableeconomicactivityforinvestmentpurposes,byintroducingaclear,unifiedEUtaxonomyandtherelatedconceptofenvironmentallysustainableinvestment.AtaxonomysetthroughEUlegislationwouldaimtopositivelyimpactthefinancingofsustainableactivities:justasenergylabellingguidesconsumerchoicestowardsenergy-efficientproducts,suc h ataxonomywouldaimtogui deinvestor choices towardsinvestments inenvironmentallysustainableactivities.Sustainablefinanceanddisclosures:BringingclaritytoinvestorsBriefingbyStefanoSpinaci,April2019TheCommissionestablishedinDecember2016aHigh-LevelExpertGroup(HLEG)todevelopacomprehensiveEUstrategyonsustainablefinance.Oneoftheadvicesbytheexpertgroupwastodefineinstitutionalinvestors'andassetmanagers'dutiesregardingsustainabilityandtheneedforimproveddisclosures.Directive(EU)2016/2341representedafirststeptowardsamoreconcisedisclosureframeworkinthefinancialservicessectorinrelationtoESGfactors.Nevertheless,therewasstillalackoftransparencyonhowinstitutionalinvestors,assetmanagersandfinanciala dvisorscons ideredsustainabilityrisksi ntheirinvestmentdecision -makingoradvisory processes.TheRegulation(EU)2019/2088introducedadditionalrequirementstoexistingelementsoftherelevantlegislation:adedicatedandcoherentdisclosureframeworkontheintegrationofESGrisks,theframeworkshouldbeusedbyfinancialintermediariesbothininvestmentdecision-makingoradvisoryprocesses,end-investorsshouldreceivecoherentandcomparabledi sclosuresonfi nancialproductandservicesrelati ngtosustainableinvestment sandsustainabilityrisks.Sustainablefinanceandbenchmarks:Low-carbonbenchmarksandpositive-carbon-impactbenchmarksBriefingbyStefanoSpinaci,April2019TheCommissionestablishedinDecember2016aHigh-LevelExpertGroup(HLEG)todevelopacomprehensiveEUstrategyonsustainablefinance.Theexpertgrouppointedoutthatindexesandbenchmarkshaveanindirectbutimportantimpactoninvestments.Accordingtotheexpertgroup,manyinvestorsrelyonbenchmarksinparticularinportfolioallocationandtomeasuretheperformanceoffinancialproducts.TheRegulation(EU)2019/2089introducesfurtherrequirementsformakingthemethodologyofthenewcategoriesofbenchmarkstransparent,soastomakethemmorecomparableandtoenablebetterdecisionmakingbyportfoliomanagers.Theregulationisaimedtoavoidtheriskof"greenwashing"byensureanaccurateandreliablerepresentationofeconomicrealities,easilyunderstoodbyallstakeholders.TheobjectiveistoenhancetheESGtransparencyofbenchmarkmethodologiesandtoputforwardstandardsforthemethodologyoflow-carbonbenchmarksintheUnion.ThisregulationhasamendedtheBenchmarksregulationbyintroducingrulesestablishingandgoverningtheprovisionoflowcarbonandpositivecarbonimpactbenchmarks.Harmonisedrulesforlowcarbonbenchmarksshouldleadtomoreefficientchannellingofinvestmenttowardssustainableassets.
FOLLOW EPRS european parliamentary research service http://epthinktank.eu EPINFOGRAPHICS/EPRS @EP_thinktank european parliamentary research service eprs@europarl.europa.eu|www.europarl.europa.eu/thinktank(Internet)|www.eprs.ep.parl.union.eu(Intranet)YoucanaccessthisTopicalDigestonlineatthewebsitesbelow,http://www.europarl.europa.eu/EPRS/TD_Entry_residence_rights_students_researchers.pdforbyscanningtheQRcode:
quotesdbs_dbs5.pdfusesText_10