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Commission legislative proposals on sustainable finance
In May 2018 the Commission presented a package of measures as a follow-up to its action plan on financing sustainable growth. The package includes 3 proposals aimed at:
- establishing a unified EU classification system of sustainable economic activities ('taxonomy')
- improving disclosure requirements on how institutional investors integrate environmental, social and governance (ESG) factors in their risk processes
- creating a new category of benchmarks which will help investors compare the carbon footprint of their investments...
Proposal for a regulation on the establishment of a framework to facilitate sustainable investment
Proposal for a regulation on disclosures relating to sustainable investments and sustainability risks and amending Directive (EU) 2016/2341
- Text of the proposal
- Feedback statement on the public consultation on institutional investors and asset managers' duties regarding sustainability
Proposal for a regulation amending Regulation (EU) 2016/1011 on low carbon benchmarks and positive carbon impact benchmarks