About this initiative

Summary

In the context of the Commission work on sustainable finance, this initiative aims at strengthening financial stability and asset pricing by clarifying that institutional investors and investment managers have a duty to consider the materiality of sustainability factors.

Topic
Banking and financial services
Type of act
Provisional data
Expert group

Roadmap

Feedback: CLOSED
Type

Inception impact assessment
More about roadmaps.

Feedback period
13 Listopad 2017 - 11 Grudzień 2017
View feedback received >
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Feedback (9)

  • 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,...

  • anonimowo (Spain)
    11 December 2017 Business association
    anonimowo (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,...

All feedback (9) >

Draft act

Feedback: CLOSED
Type

Draft delegated regulation
More about draft acts

Feedback period
24 Maj 2018 - 21 Czerwiec 2018
View feedback received >
Download (382.6 KB - PDF - 9 pages)

Feedback (20)

  • BETTER FINANCE (Belgium)
    21 June 2018 Non-governmental organisation (NGO)
    BETTER FINANCE (Belgium)

    BETTER FINANCE welcomes this opportunity to comment on the proposal amending Delegated Regulation (EU) 2017/2359 to include the customer’s ESG preferences in the criteria and practical details to be taken into account by insurance intermediaries and insurance undertakings when assessing the suitability of insurance-based investment products for their customers. Investment firms shall act in accordance with the best interest of their clients...

  • 2°Investing Initiative (Germany)
    21 June 2018 Non-governmental organisation (NGO)
    2°Investing Initiative (Germany)

    For our feedback please see the attached file.

  • Finance Watch (Belgium)
    21 June 2018 Non-governmental organisation (NGO)
    Finance Watch (Belgium)

    The concept of “best interest” should be defined at the EU level to include both financial and non-financial benefits. In other words, we believe that it should be made clear that the utility of investors can depend on both financial and non-financial returns. This is particularly critical if we think about the long-term impacts of climate change on future generations and the weaknesses in the current environmental legislations, which do not...

All feedback (20) >
Feedback: CLOSED
Type

Draft delegated regulation
More about draft acts

Feedback period
24 Maj 2018 - 21 Czerwiec 2018
View feedback received >
Download (386.3 KB - PDF - 10 pages)

Feedback (53)

  • Managed Funds Association (United States)
    21 June 2018 Business association
    Managed Funds Association (United States)

    Managed Funds Association (“MFA”) welcomes the opportunity to provide comments to the European Commission (the “Commission”) on its proposal for a delegated regulation as regards organisational requirements and operating conditions for investment firms (the “Draft Delegated Regulation”). MFA supports the European Commission’s aim of promoting sustainable finance within the EU, and of closing the investment gap required to meet European...

  • BETTER FINANCE (Belgium)
    21 June 2018 Non-governmental organisation (NGO)
    BETTER FINANCE (Belgium)

    BETTER FINANCE welcomes this opportunity to comment on the proposal amending Delegated Regulation (EU) 2017/565 supplementing MiFID II as regards organizational requirements and operating conditions for investment firms and defined terms for the purpose of that directive. Investment firms shall act in accordance with the best interest of their clients. As such, when providing investment advice and portfolio management, they must disclose...

  • French Asset Management Association (Association Française de la Gestion financière, AFG) (France)
    21 June 2018 Business association
    French Asset Management Association (Association Française de la Gestion financière, AFG) (France)

    AFG decided very early on to fully support the development of responsible investment in France. French asset management companies are fully committed to this approach and are adapting their offering to the concerns of their institutional and private investors by proposing products that entail varying degrees and types of commitment – SRI funds, integration of ESG criteria, shareholder engagement, thematic investing and so on – and have in...

All feedback (53) >

Commission adoption

Feedback: OPEN
Type

Proposal for a regulation
More about adopted acts

Adopted on
24 Maj 2018
Feedback period
24 Maj 2018 - 22 Sierpień 2018

The Commission would like to hear your views.

Adopted acts are open for feedback for a minimum period of 8 weeks. All feedback received will be summarised by the European Commission and presented to the European Parliament and Council with the aim of feeding into the legislative debate. Feedback received will be published on this site and therefore must adhere to the feedback rules

Give feedback
Download (545.5 KB - PDF - 22 pages)
Download (302.4 KB - PDF - 3 pages)

Feedback (10)

  • FRENCH INSURANCE FEDERATION (FFA) (France)
    16 August 2018 Business association
    FRENCH INSURANCE FEDERATION (FFA) (France)

    Please find the PDF attached

  • Eurosif (Belgium)
    14 August 2018 Non-governmental organisation (NGO)
    Eurosif (Belgium)

    • Reformulating Indices is of capital importance in a financial system where the 'benchmark' is the investment reference. Therefore embedding 'ESG considerations in benchmark methodologies could do much to fast-forward towards mobilising the climate investment required to meet the Paris Agreement shared goals of limiting global warming to 2 degrees and adapt to climate change impact. This is a significant opportunity to expand the role of...

  • Nasdaq (Belgium)
    10 August 2018 Company/business organisation
    Nasdaq (Belgium)

    Please see attached document.

All feedback (10) >
Feedback: OPEN
Type

Proposal for a regulation
More about adopted acts

Adopted on
24 Maj 2018
Feedback period
25 Maj 2018 - 23 Sierpień 2018

The Commission would like to hear your views.

Adopted acts are open for feedback for a minimum period of 8 weeks. All feedback received will be summarised by the European Commission and presented to the European Parliament and Council with the aim of feeding into the legislative debate. Feedback received will be published on this site and therefore must adhere to the feedback rules

Give feedback
Download (550.3 KB - PDF - 31 pages)

Feedback (15)

All feedback (15) >
Feedback: OPEN
Type

Proposal for a regulation
More about adopted acts

Adopted on
24 Maj 2018
Feedback period
25 Maj 2018 - 23 Sierpień 2018

The Commission would like to hear your views.

Adopted acts are open for feedback for a minimum period of 8 weeks. All feedback received will be summarised by the European Commission and presented to the European Parliament and Council with the aim of feeding into the legislative debate. Feedback received will be published on this site and therefore must adhere to the feedback rules

Give feedback
Download (1.6 MB - PDF - 71 pages)
Download (616.6 KB - PDF - 4 pages)
Download (795.2 KB - PDF - 17 pages)
Download (3.6 MB - PDF - 200 pages)

Feedback (17)

All feedback (17) >

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