Eurosif - The European Sustainable Investment Forum

🔍 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝗶𝗻𝗴 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗶𝗻𝗴 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝘁𝗼𝗼𝗹𝘀 𝘁𝗼 𝘀𝗰𝗮𝗹𝗲-𝘂𝗽 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 Eurosif’s regulatory roadmap for EU policymakers outlines recommendations to facilitate the contribution of investors in scaling-up investments for sustainable growth.   Our second recommendation focuses on 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘦𝘯𝘪𝘯𝘨 𝘢𝘯𝘥 𝘤𝘰𝘮𝘱𝘭𝘦𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳 𝘵𝘰𝘰𝘭𝘴 𝘯𝘦𝘦𝘥𝘦𝘥 𝘵𝘰 𝘢𝘤𝘩𝘪𝘦𝘷𝘦 𝘵𝘩𝘪𝘴. 🌱 𝗗𝗲𝘃𝗲𝗹𝗼𝗽 𝗮𝗻 𝗘𝗨 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗳𝗼𝗿 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆-𝗿𝗲𝗹𝗮𝘁𝗲𝗱/𝗘𝗦𝗚 𝗯𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸𝘀  Create an EU standard for #ESG benchmarks. This standard would include clear criteria and minimum disclosures, to facilitate the identification of credible sustainability-oriented benchmarks. 📊 𝗘𝗻𝘀𝘂𝗿𝗲 𝗘𝗨 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗯𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸𝘀 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲 𝗳𝗼𝗿𝘄𝗮𝗿𝗱-𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻  Update the criteria for EU climate benchmark methodologies to reference the setting-up and implementation of credible #transition plans by companies constituting the benchmark. This would both incentivise these companies to commit to a credible #GHG emission reduction trajectory and further incentivise investments driving the decarbonisation of the real economy.  🌍 𝗘𝘅𝗽𝗮𝗻𝗱 𝘁𝗵𝗲 #𝗘𝗨𝗧𝗮𝘅𝗼𝗻𝗼𝗺𝘆 𝗳𝗼𝗿 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁𝗮𝗹 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 🔹 Extend the scope of activities covered by environmental objectives, for example to the agricultural sector. This would help direct financing towards the decarbonisation of critical sectors of the EU economy.  🔹 Identify and categorise significantly harmful activities to clarify which can or cannot be transformed and define intermediate activities to help investors assess the transition pathways of investee companies. ⚠️ Stay tuned as we zoom in on our next set of recommendations in the coming days! 🔗 In case you missed it, read our detailed first recommendation here: https://lnkd.in/eCD9qNUN 🔗 Read our full regulatory roadmap here: https://lnkd.in/eBkPkrNj

𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗔𝘀𝗸𝗲𝗱 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗘𝗨 𝗧𝗮𝘅𝗼𝗻𝗼𝗺𝘆 🌍 The European Commission has released a set of FAQs to facilitate the usability of the #EUTaxonomy by providing technical clarifications on its application.  📘 This includes clarifications on the technical screening criteria (TSC) for the activities contributing to the Taxonomy’s climate and environmental objectives, the ‘do no significant harm’ (#DNSH) criteria, and the related reporting obligations under Article 8 of the Taxonomy. 🔎 𝗞𝗲𝘆 𝘁𝗼𝗽𝗶𝗰𝘀: 📜 Alignment of the EU Taxonomy criteria for minimum social safeguards, referencing the OECD Guidelines and UN Guiding Principles, with the Corporate Sustainability Due Diligence Directive (#CSDDD). 🌾 Articulation between the sustainability disclosures required under the European Standards for Sustainability Reporting (#ESRS) and compliance with the EU Taxonomy Do No Significant Harm (DNSH) criteria.  🤝 Clarification on the fact that companies subject to the Corporate Sustainability Reporting Directive (#CSRD) must disclose the share of their turnover, CapEx, and OpEx linked to Taxonomy-aligned activities, whether this information is deemed material or not. ♻️ Clarification of the criteria for several objectives of the EU Taxonomy, along with refined guidance on the definition of climate risk for the objective of climate change adaption.  ✅ Interoperability with NACE codes, emphasising that activity descriptions are more critical than codes themselves for eligibility. ⚙️ Details on third-party verification and reporting frequency, including annual assurance of Taxonomy disclosures under the CSRD and activity-specific verification of compliance with technical screening criteria (e.g., life cycle #GHG emissions). 🔗 Find the full set of FAQS here: https://lnkd.in/dVkRT9a7

𝗕𝗿𝗶𝗱𝗴𝗶𝗻𝗴 𝘁𝗵𝗲 𝗴𝗿𝗲𝗲𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗴𝗮𝗽  On 26 November, the Sustainable Banking Coalition hosted a panel discussion bringing together experts from sustainable banking, venture capital, the European Commission and a think-thank to explore solutions for bridging the green investment gap.  This dynamic discussion, moderated by Aleksandra Palinska, Executive Director of Eurosif, featured Christine Mai from the European Commission, Panagiotis (Panos) Tournavitis, CEO of the Cooperative Bank of Karditsa, Fabrice do Rego, co-founder & general partner at The Blueprint VC, and Christian van Ballegooy, researcher at the ZOE Institute for Future-fit Economies. 𝗞𝗲𝘆 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:   There is no silver bullet to close the #GreenInvestmentGap. We need a systemic approach with various actions and tools. Key recommendations were: ✅ 𝗛𝗮𝗿𝗺𝗼𝗻𝗶𝘀𝗲 𝗘𝗨 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 to remove barriers and help scale-up investments for the #JustTransition.   ✅ 𝗘𝘅𝗽𝗹𝗼𝗶𝘁 𝘁𝗵𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗼𝗳 𝗽𝘂𝗯𝗹𝗶𝗰 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 through public-private partnerships, blended finance and de-risking schemes.  ✅ 𝗘𝗺𝗯𝗲𝗱 𝗴𝗼𝗼𝗱 𝗴𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗱𝗶𝘃𝗲𝗿𝘀𝗶𝘁𝘆 as pillars of sustainable value creation.  ✅ 𝗕𝘂𝗶𝗹𝗱 𝗼𝗻 𝘁𝗵𝗲 𝗲𝘅𝗶𝘀𝘁𝗶𝗻𝗴 𝗘𝗨 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝘁𝗼𝗼𝗹𝘀 including EU Green Bond Standard #EUGBS.  During the event, the Sustainable Banking Coalition launched its #EUSwitchBanks campaign.

🔍 𝗗𝗲𝗳𝗶𝗻𝗶𝗻𝗴 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆-𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝘁𝗼 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗮 #𝗝𝘂𝘀𝘁𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝘁𝗼 𝗮 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗲𝗰𝗼𝗻𝗼𝗺𝘆 Our regulatory roadmap for EU policymakers outlines recommendations to facilitate the contribution of investors to scaling-up investments for sustainable growth.   Our first recommendation focuses on 𝘥𝘦𝘧𝘪𝘯𝘪𝘯𝘨 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵𝘴 𝘵𝘩𝘢𝘵 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘢 𝘫𝘶𝘴𝘵 𝘵𝘳𝘢𝘯𝘴𝘪𝘵𝘪𝘰𝘯 𝘵𝘰 𝘢 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘺. 📏 𝗣𝗿𝗼𝘃𝗶𝗱𝗲 𝗰𝗹𝗲𝗮𝗿 𝗱𝗲𝗳𝗶𝗻𝗶𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝘄𝗶𝘁𝗵 𝗿𝗲𝗮𝗹-𝘄𝗼𝗿𝗹𝗱 𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲 𝗶𝗺𝗽𝗮𝗰𝘁𝘀  The current EU #SustainableFinance framework lacks sufficient clarity on what constitutes #sustainable, #transition, or #impact investments. To address this, we propose the creation of three mandatory product categories underpinned by robust minimum criteria, as part of the SFDR review.  1️⃣ 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝘄𝗵𝗶𝗰𝗵 𝗵𝗮𝘃𝗲 “𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀” 𝗮𝘀 𝘁𝗵𝗲𝗶𝗿 𝗼𝗯𝗷𝗲𝗰𝘁𝗶𝘃𝗲 for investments in companies and/or projects which are already sustainable. 2️⃣ 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝘄𝗵𝗶𝗰𝗵 𝗵𝗮𝘃𝗲 “𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀” 𝗮𝘀 𝘁𝗵𝗲𝗶𝗿 𝗼𝗯𝗷𝗲𝗰𝘁𝗶𝘃𝗲 targeting companies and projects which are not sustainable yet but are on a credible transition path. 3️⃣ 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝘄𝗶𝘁𝗵 𝗯𝗶𝗻𝗱𝗶𝗻𝗴 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁𝗮𝗹 𝗼𝗿 𝘀𝗼𝗰𝗶𝗮𝗹 𝗳𝗮𝗰𝘁𝗼𝗿𝘀 for sustainability-related investment strategies that apply credible environmental or social approaches.  To ensure that the SFDR caters for impact investments, a 𝗵𝗼𝗿𝗶𝘇𝗼𝗻𝘁𝗮𝗹 𝗶𝗺𝗽𝗮𝗰𝘁-𝗹𝗲𝗻𝘀 with dedicated criteria should be applied across the sustainable and transition investment product categories.  🌱 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲 𝗮𝗻 𝗘𝗨 𝗦𝗼𝗰𝗶𝗮𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱  We also call for a straightforward, user-friendly EU Social Investment Standard to define “𝘴𝘰𝘤𝘪𝘢𝘭𝘭𝘺 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵𝘴” either through the SFDR review or via a dedicated initiative. The current absence of this definition creates challenges for asset managers manufacturing products marketed as sustainable investments but pursuing social objectives.  A dedicated EU Social Investment Standard will help investors identify what activities, projects and companies they can target for socially sustainable investments. This would clarify the inclusion of social objectives in SFDR to the benefit of end investors, increase capital flows for the #JustTransition, and further prevent #Greenwashing. ⚠️ Stay tuned as we zoom in on our next set of recommendations in the coming days! 🔗 Read our full regulatory roadmap here: https://lnkd.in/eBkPkrNj

🚨The November edition of Eurosif’s Newsletter is out now! ✉️ Check your mailbox (and spam folder) or our website for a summary of the latest #SustainableFinance developments, SIF updates from across Europe, reading recommendations and more! 📄You can also read the newsletter here ➡️ https://lnkd.in/e4Q8QvKh 📬 Don’t miss the next one and get it direct to your inbox by subscribing here ➡️ https://lnkd.in/e44d88Zb #EuropeanCommission #ESRS #SFDR #ESG #CSDDD #SustainableInvestment #EU #Reports #Podcasts #Events #ReadingRecommendations

𝐄𝐮𝐫𝐨𝐬𝐢𝐟 𝐰𝐞𝐥𝐜𝐨𝐦𝐞𝐬 𝐩𝐥𝐞𝐝𝐠𝐞 𝐟𝐫𝐨𝐦 𝐧𝐞𝐰 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐞𝐫𝐬 𝐭𝐨 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐄𝐔 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 ✅ Today, Members of the European Parliament, gathered in plenary session in Strasbourg, voted to confirm the appointment of the new college of European Commissioners. The new European Commission will now take office on 1 December. 💡 Eurosif welcomes the commitment made by Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investments Union, to ensure the EU #sustainablefinance framework delivers on the objectives of the Green Deal and prevents #greenwashing. We also support her promise to create financial product categories underpinned by minimum criteria as part of the review of the Sustainable Finance Disclosure Regulation (#SFDR). 🔎 Eurosif will also be particularly attentive to Commissioner Albuquerque’s pledge to avoid deregulation, echoed by Commissioner for Democracy, Justice and the Rule of Law Michael McGrath’s commitment to implementing the Corporate Sustainability Due Diligence Directive (#CSDDD). ⚠️ While ensuring consistency and usability across EU regulations is important, the thorough implementation of adopted rules is essential for the current EU sustainable finance regulatory framework to facilitate the contribution of investors to sustainable growth. 𝐄𝐮𝐫𝐨𝐬𝐢𝐟 𝐜𝐨𝐧𝐠𝐫𝐚𝐭𝐮𝐥𝐚𝐭𝐞𝐬 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐞𝐫𝐬 𝐨𝐧 𝐭𝐡𝐞𝐢𝐫 𝐚𝐩𝐩𝐨𝐢𝐧𝐭𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐢𝐬 𝐥𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫𝐰𝐚𝐫𝐝 𝐭𝐨 𝐬𝐞𝐞𝐢𝐧𝐠 𝐡𝐨𝐰 𝐭𝐡𝐞𝐢𝐫 𝐩𝐥𝐞𝐝𝐠𝐞𝐬 𝐨𝐧 𝐄𝐔 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐰𝐢𝐥𝐥 𝐭𝐫𝐚𝐧𝐬𝐥𝐚𝐭𝐞 𝐢𝐧𝐭𝐨 𝐜𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐚𝐜𝐭𝐢𝐨𝐧. 🔗 Read the full press release here: https://lnkd.in/er-4kV8v

🌱 𝗨𝗞 𝗼𝗽𝗲𝗻𝘀 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗻𝗲𝘄 𝗚𝗿𝗲𝗲𝗻 𝗧𝗮𝘅𝗼𝗻𝗼𝗺𝘆  🌍 The UK is currently working to establish a framework that identifies economic activities that promotes sustainable growth, address #Greenwashing, and enables the private sector to contribute to the #GreenTransition. Several jurisdictions around the world are developing similar frameworks, drawing inspiration from the #EUTaxonomy for sustainable activities. 𝗧𝗵𝗲 𝗸𝗲𝘆 𝗳𝗼𝗰𝘂𝘀𝗲𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗨𝗞 𝗚𝗿𝗲𝗲𝗻 𝗧𝗮𝘅𝗼𝗻𝗼𝗺𝘆 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗮𝗿𝗲: ⚙️ Gathering input on whether a UK Green Taxonomy could support the mobilisation of #TransitionFinance, particularly for activities that enable or underpin sustainable practices across sectors. 🌐 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗶𝗻𝘁𝗲𝗿𝗼𝗽𝗲𝗿𝗮𝗯𝗶𝗹𝗶𝘁𝘆 is central to the UK’s plans, with an emphasis on adopting globally recognised concepts, methodologies, and measurable criteria.  🦋 The consultation also invites feedback on the priorities for future taxonomy objectives, such as promoting 𝗯𝗶𝗼𝗱𝗶𝘃𝗲𝗿𝘀𝗶𝘁𝘆 and fostering a 𝗰𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗲𝗰𝗼𝗻𝗼𝗺𝘆. 🌳 The 𝗗𝗼 𝗡𝗼 𝗦𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝗛𝗮𝗿𝗺 (𝗗𝗡𝗦𝗛) 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲 will underpin the framework, but the government is keen to ensure it remains 𝗽𝗿𝗼𝗽𝗼𝗿𝘁𝗶𝗼𝗻𝗮𝘁𝗲 𝗮𝗻𝗱 𝘂𝘀𝗲𝗿-𝗳𝗿𝗶𝗲𝗻𝗱𝗹𝘆 while upholding environmental integrity.  🗓️ The consultation is open until 6 February 2025.  🔗 Find more information on the document here: https://lnkd.in/eHuYDp-7

𝗦𝗰𝗮𝗹𝗶𝗻𝗴-𝘂𝗽 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗴𝗿𝗼𝘄𝘁𝗵: 𝗸𝗲𝘆 𝗿𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗘𝗨 𝗽𝗼𝗹𝗶𝗰𝘆𝗺𝗮𝗸𝗲𝗿𝘀 🏛️ Our roadmap calls on EU policymakers to r͟e͟f͟i͟n͟e͟ a͟n͟d͟ c͟o͟m͟p͟l͟e͟t͟e͟ t͟h͟e͟ c͟u͟r͟r͟e͟n͟t͟ #S͟u͟s͟t͟a͟i͟n͟a͟b͟l͟e͟F͟i͟n͟a͟n͟c͟e͟ f͟r͟a͟m͟e͟w͟o͟r͟k͟.  🌍 Implementing, completing and aligning the EU sustainable finance rules is critical for investors and financial institutions to contribute to the EU’s sustainable growth.  𝗘𝘂𝗿𝗼𝘀𝗶𝗳’𝘀 𝗳𝗶𝘃𝗲 𝗵𝗶𝗴𝗵-𝗹𝗲𝘃𝗲𝗹 𝗿𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗘𝗨 𝗽𝗼𝗹𝗶𝗰𝘆𝗺𝗮𝗸𝗲𝗿𝘀 𝗮𝗿𝗲:  🌱 𝗖𝗹𝗲𝗮𝗿𝗹𝘆 𝗱𝗲𝗳𝗶𝗻𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗻𝗴 𝘁𝗼 𝗮 #𝗝𝘂𝘀𝘁𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝘁𝗼 𝗮 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗲𝗰𝗼𝗻𝗼𝗺𝘆: Enhance clarity on sustainable, transition, and impact investments via the Sustainable Finance Disclosure Regulation (#SFDR) review and the development of an EU Social Investment Standard. 📈 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝘁𝗼𝗼𝗹𝘀 𝘁𝗼 𝘀𝗰𝗮𝗹𝗲-𝘂𝗽 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲: Develop an EU standard for #ESG benchmarks and expand the EU Taxonomy to cover more sectors and harmful / intermediate activities. 🤝 𝗘𝗻𝗵𝗮𝗻𝗰𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝘀𝘁𝗲𝘄𝗮𝗿𝗱𝘀𝗵𝗶𝗽 𝗮𝗻𝗱 𝗲𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁: identify and facilitate meaningful sustainability-related engagement strategies by reforming the Shareholder Rights Directive (SRD II) support adequate due diligence processes for financial institutions in the Corporate Sustainable Due Diligence Directive (#CSDDD). 📑 𝗜𝗺𝗽𝗿𝗼𝘃𝗲 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆-𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝗱𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀: implement meaningful corporate sustainability reporting under the European Sustainability Reporting Standards (#ESRS), align transition plans and climate targets across EU rules, and work towards interoperability of EU and international standards. 💡 𝗠𝗼𝗯𝗶𝗹𝗶𝘀𝗲 𝘁𝗵𝗲 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗼𝗳 𝗿𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗮𝗻𝗱 𝘀𝗮𝘃𝗲𝗿𝘀 𝘁𝗼 𝗮 𝗷𝘂𝘀𝘁 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻: Make sustainability information clearer for retail audiences (SFDR & PRIIPs) and align financial advice rules with retail investor’s sustainability preferences (MiFID2/IDD). ⚠️ Stay tuned for detailed explanations of these key recommendations in the coming days!  🔗 Read our full regulatory roadmap here: https://lnkd.in/eBkPkrNj

⚠️ 𝐑𝐞𝐨𝐩𝐞𝐧𝐢𝐧𝐠 𝐄𝐔 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐫𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐝𝐮𝐞 𝐝𝐢𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐫𝐮𝐥𝐞𝐬 𝐰𝐨𝐮𝐥𝐝 𝐛𝐞 𝐝𝐞𝐭𝐫𝐢𝐦𝐞𝐧𝐭𝐚𝐥 𝐟𝐨𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐚𝐥𝐢𝐤𝐞  📢 In light of recent statements from Ursula von der Leyen, Eurosif is calling for extreme caution on a potential omnibus initiative to reopen the Corporate Sustainability Due Diligence Directive (#CSDDD), the Corporate Sustainability Reporting Directive (#CSRD), and the #EUTaxonomy framework. ❌ We understand that this idea stems from the intention of "reducing bureaucracy [and] easing reporting burdens". However, reopening these rules before they have even been fully implemented would risk regulatory uncertainty for companies and cast a shadow on investor hopes for improved availability, comparability and reliability of corporate sustainability data. 🗣️ Eurosif’s Executive Director, Aleksandra Palinska, responded to the statements: 𝐎𝐧 𝐭𝐡𝐞 𝐂𝐒𝐑𝐃: “Insufficient availability, quality, comparability and reliability of corporate sustainability-related disclosures remains a challenge for investors, who need #ESG data to make informed investment decisions. The CSRD and the European Sustainability Reporting Standards (#ESRS), once duly implemented, have been expected to close the sustainability data gap. Reopening level 1 of CSRD before this directive has been even properly implemented (the first reports by the largest companies only are due next year), will neither be helpful to investors, who need the data, nor to those reporting companies that have already started preparing for the compliance with new rules. 𝐖𝐡𝐚𝐭 𝐰𝐞 𝐧𝐞𝐞𝐝 𝐧𝐨𝐰 𝐢𝐬 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐬𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐩𝐫𝐨𝐩𝐞𝐫 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐭𝐨 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐰𝐢𝐭𝐡 𝐚𝐝𝐞𝐪𝐮𝐚𝐭𝐞 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐮𝐥𝐞𝐬.” 𝐎𝐧 𝐂𝐒𝐃𝐃𝐃: “The idea of reopening the CSDDD is even more surprising. This directive is only due to apply in several years’ time and will cover only the largest companies, starting with companies with more than 5000 employees in July 2027, and companies with over 1000 employees as of July 2029. Moreover, 𝐢𝐭 𝐢𝐬 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐭𝐨 𝐚 𝐥𝐨𝐰-𝐜𝐚𝐫𝐛𝐨𝐧 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐚𝐬 𝐢𝐭 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐬 𝐢𝐧-𝐬𝐜𝐨𝐩𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐬𝐞𝐭 𝐚𝐧𝐝 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐩𝐥𝐚𝐧𝐬 𝐚𝐧𝐝 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐭𝐚𝐫𝐠𝐞𝐭𝐬. Eurosif strongly advises against reopening this directive now.” 🗝️On Wednesday, Eurosif set out its regulatory roadmap for EU policymakers to achieve an EU sustainable finance framework that is conducive to sustainable growth. 𝐀 𝐤𝐞𝐲 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐭𝐡𝐞 𝐭𝐡𝐨𝐫𝐨𝐮𝐠𝐡 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚𝐝𝐨𝐩𝐭𝐞𝐝 𝐫𝐮𝐥𝐞𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐂𝐒𝐑𝐃 𝐚𝐧𝐝 𝐂𝐒𝐃𝐃𝐃. 🔗 Read more here: https://lnkd.in/eBkPkrNj

🌍 𝗦𝗙𝗗𝗥 𝗿𝗲𝗶𝗺𝗮𝗴𝗶𝗻𝗲𝗱 𝗮𝘁 𝘁𝗵𝗲 #SustainableFinanceForum 📈 Organised by the Sustainable Investment Forum Poland (POLSIF), this event is Poland's first conference dedicated to #ESG and #SustainableFinance topics tailored for financial institutions. 📅 On 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟮𝗻𝗱, 𝗳𝗿𝗼𝗺 𝟭𝟮:𝟭𝟱 𝘁𝗼 𝟭𝟮:𝟯𝟱, Eurosif’s Executive Director, Aleksandra Palinska, will present “𝗦𝗙𝗗𝗥 𝗥𝗲𝗶𝗺𝗮𝗴𝗶𝗻𝗲𝗱 – 𝗪𝗵𝗮𝘁 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗗𝗼 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗘𝘅𝗽𝗲𝗰𝘁?”. Her talk will provide valuable insights into the evolution of the Sustainable Finance Disclosure Regulation (#SFDR) and its implications for the market. 💡 The conference will also cover: 📌 𝗣𝘂𝗯𝗹𝗶𝗰 𝗶𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲𝘀 𝗮𝗻𝗱 𝗯𝗲𝘀𝘁 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀 from the Polish and European markets to foster greater involvement in green assets, including sustainable loans, investment funds, and the integration of ESG in financial risk assessments.   📌 𝗘𝗦𝗚 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 in financial instrument valuation, investment decision-making, and sourcing reliable data, an analysis of the sustainable assets in Poland, Europe, and globally, and insights into ESG ratings and benchmarks. 🔗 Find out more about the event here: https://lnkd.in/enr2HQZe