Sustainable finance

ESRS - Satisfaction survey

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.

Technical workshop on financing the transition to a climate-neutral economy

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

The European Commission is hosting an expert dialogue entitled ‘Supporting companies in applying the European Sustainability Reporting Standards (ESRS)’ on 16 May 2024.

6 February 2024

A dive into the ‘Compendium of Market Practices’

21 December 2023

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.

The European Commission has adopted a guidance document, addressing frequently asked questions on the interpretation and implementation of the Taxonomy Disclosures Delegated Act. The document is designed to help financial market participants prepare their first mandatory reporting exercise in 2024.

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

EU side events at COP28 – Sustainable finance

How to best communicate sustainable information for financial products?

14 September 2023

17 October 2023

In order to evaluate and consider suggestions from stakeholders regarding activities in the EU Taxonomy, the Platform on Sustainable Finance together with the Commission is launching today the Stakeholder Request Mechanism. The mechanism allows stakeholders to submit suggestions, based on scientific and/or technical evidence, on new economic activities that could be added to the EU Taxonomy or on potential revisions of technical screening criteria of existing activities. The Platform on Sustainable Finance will analyse the requests submitted and provide the Commission with recommendations. The Stakeholder Request Mechanism will be accessible at any time, allowing respondents to submit their input whenever they want. On 15 December 2023, all requests will be processed by the Platform’s Technical Working Group. After 15 December, the tool will continue to run, and a second cut-off-date will be communicated as soon as possible. The Commission and the Platform will monitor the tool regularly.