Action Plan on Sustainable Finance (communication) - Related Opinions
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The EESC strongly supports the goal of redirecting investments in such a way that they contribute to the EU's transition to a sustainable economy but calls for the social partners and civil society to be brought better on board in the design and implementation of sustainable finance. The EU green bond standard has the potential to yield significant economic benefits for both issuers and investors alike and help the green transition.
Presentation from DG Fisma : Strategy for Financing the Transition to a Sustainable Economy
The EESC strongly supports the goal of redirecting investments in such a way that they contribute to the EU's transition to a sustainable economy but calls for the social partners and civil society to be brought better on board in the design and implementation of sustainable finance. The EU green bond standard has the potential to yield significant economic benefits for both issuers and investors alike and help the green transition.
Proposal for Regulation on European green bonds
The objective of this proposal is to improve sustainability reporting at the least possible cost, in order to better harness the potential of the European single market to contribute to the transition towards a fully sustainable and inclusive economic and financial system in accordance with the European Green Deal and the UN Sustainable Development Goals.
The EESC underscores the potential key role of the Sustainable Finance Taxonomy Delegated Regulation in creating a clear, coherent and comprehensive framework to highlight the ambitious development of a greener economy without lock-in effects. The taxonomy should build on technical criteria that clearly define the green investments that directly contribute to Europe's climate objectives.
It is essential that efficient, easily applicable, innovative and productive tools are used, to bring about rapid and readable results, and by also preventing "greenwashing". However, the EESC poses the question as to whether the technical criteria set out in the Delegated Regulation do indeed meet the fundamental prerequisite of appearing reasonable, realistic and acceptable, and takes note of the concerns of real economy actors regarding the negative effects of the Delegated Regulation on financing possibilities and costs.
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