| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/17/2022 (13.07.17) |
| Publication Date | 13/07/2017 |
| Content Type | News |
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Background and further information: This report maps out the challenges and opportunities that the European Union faces in developing a sustainable finance policy agenda, identifying possible areas of reform in financial policy. It also presents a first set of early recommendations to the Commission. The document was discussed at a public hearing on sustainable finance on 18 July and it was accompanied by a public consultation to further support the work of the HLEG. The final report was scheduled to be released at the end of 2017. An EU strategy on sustainable finance is a priority action of the Capital Markets Union (CMU) Action Plan. Considering the vital role the financial sector has in reaching the climate change goals of the Paris Climate Agreement and the EU's 2030 Agenda for sustainable development, this HLEG was established in December 2016. It is made of 20 senior experts from civil society, the finance sector, academia and observers from European and international institutions. It's chaired by Christian Thimann. The High Level Expert Group (HLEG) on Sustainable Finance published on 13 July 2017 its first report setting out concrete steps to creat a financial system that supports sustainable investments. This interim report aims to advise on developing a comprehensive EU strategy on sustainable finance. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-17-2022_en.htm |
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| Subject Categories | Environment |
| Countries / Regions | Europe |
