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.

In addition, from 24 May to 21 June, the Commission has been seeking feedback on amendments to delegated acts under the Markets in Financial Instruments Directive (MiFID II) and the Insurance Distribution Directive to include ESG considerations into the advice that investment firms and insurance distributors offer to individual clients.

Read more:

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

Proposal for a regulation amending Regulation (EU) 2016/1011 on low carbon benchmarks and positive carbon impact benchmarks

Draft amendments to delegated acts

Related information

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    Sustainable finance

    The EU is examining how to integrate sustainability considerations into its financial policy framework in order to mobilise finance for sustainable growth