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Sustainable finance

New guidance shows high degree of interoperability between European and global sustainability reporting standards

EFRAG, the body advising on European reporting standards, and the International Sustainability Standards Board (ISSB) have today published joint guidance on the interoperability between European and international standards, with a particular focus on climate reporting. This guidance shows that EU companies reporting under European standards can comply with the global standards with minimal additional effort, reflecting the Commission’s commitment to minimising the reporting burden on companies.

 
ESG rating activities

New rules to ensure transparency and clarity, to boost investor confidence in sustainable products.

 
Platform on Sustainable Finance publishes new report

Today the Platform on Sustainable Finance, an advisory body to the Commission, published its report on “A Compendium of Market Practices”. The report shows the first comprehensive evidence that the EU Taxonomy and the wider sustainable finance framework are being used by the market and have already had a positive impact on the ground. After six years since the adoption of the 2018 Action Plan, the report showcases concrete examples demonstrating the benefits stemming from the uptake of the sustainable finance toolkit by the market as an effective tool to navigate the transition to net zero. The Platform on Sustainable Finance will present the report during a webinar on Tuesday 6th February, 13:00 – 14:20.

 
EU in the world

Commissioner McGuinness discussed EU’s work with partners during Singapore/Morocco visits.