About this initiative

Reference
Ares(2017)5524115
Type
Full title

Clarification of the duties of care, prudence and loyalty of institutional investors and asset managers as regards sustainability issues.

Department
Directorate-General for Financial Stability, Financial Services and Capital Markets Union
Download (308.9 KB - PDF - 4 pages)

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Feedback period
13 November 2017 - 11 December 2017
Feedback status: Closed

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Recent feedback

  • Invest Europe (Belgium)
    11 December 2017 Other
    Invest Europe (Belgium)

    Invest Europe supports the Commission’s (EC) work to ensure that material sustainability factors are assessed, consistently taken into account and disclosed by institutional investors and asset managers. However, it is crucial that an accepted definition of “sustainability” (eg Brundtland report) is used and the scope captures all aspects of sustainability (climate change, environment, social & governance). We should be careful not to...

  • INVERCO (Spain)
    11 December 2017 Business association
    INVERCO (Spain)

    INVERCO supports the need to improve undertakings' disclosure of social and environmental information, as well as, developing positions towards considering ESG aspects and integrate them on a voluntarily basis in their asset allocation decisions. Nevertheless, “comply or explain” should be the fundamental transparency principle. From our point of view, there should not be any compulsory ESG rules in the investment strategy/asset allocation,...

  • Anonymous (Spain)
    11 December 2017 Business association
    Anonymous (Spain)

    INVERCO supports the need to improve undertakings' disclosure of social and environmental information, as well as, developing positions towards considering ESG aspects and integrate them on a voluntarily basis in their asset allocation decisions. Nevertheless, “comply or explain” should be the fundamental transparency principle. From our point of view, there should not be any compulsory ESG rules in the investment strategy/asset allocation,...

  • BVI (Germany)
    11 December 2017 Business association
    BVI (Germany)

    BVI’s view on responsible investment Responsible and long-term considerations play an increasingly important role in investment decisions. Many investors feel a responsibility to address environmental, social and governance (ESG) issues by being more selective in their investments. The asset management industry plays a crucial role in facili-tating this trend. BVI therefore gladly takes the opportunity to present its views on responsible...

  • BETTER FINANCE (Belgium)
    11 December 2017 Non-governmental organisation (NGO)
    BETTER FINANCE (Belgium)

    BETTER FINANCE welcomes this impact assessment aiming at ensuring that material sustainability factors are consistently taken into account and disclosed by institutional investors and asset managers. BETTER FINANCE agrees with the European Commission on the fact that increasing the transparency of the integration of sustainability in the investment process of asset managers and institutional investors will lead to reduced search costs for end...

  • BCSD Portugal (Portugal)
    11 December 2017 Business association
    BCSD Portugal (Portugal)

    Conselho Empresarial para o Desenvolvimento Sustentável (BCSD Portugal) welcomes the initiative “Institutional investors’ and asset managers’ duties regarding sustainability” and the opportunity given to stakeholders to comment on the Inception Impact Assessment. The European Union (EU) has committed to achieving a net zero economy by 2050 and has accepted the UN’s Agenda 2030 and the Sustainable Development Goals (SDGs). Attaining these...

All feedback (9) >