Action Plan: Financing Sustainable Growth

Author (Corporate)
Series Details COM (2018) 97
Publication Date 08/03/2018
Content Type

Summary:

Communication published by the European Commission on 8 March 2018, which sets out a strategy for a financial system that is able to support the European Union's climate and sustainable development agenda.

Further information:

The Communication sets out a roadmap to boost the role of finance in achieving a well-performing economy that delivers on environmental and social goals as well. The Action Plan on Sustainable Finance is part of the Capital Markets Union's (CMU) efforts to connect finance with the specific needs of the European economy to the benefit of the planet and our society. It is also one of the key steps towards implementing the Paris Agreement and the EU's agenda for sustainable development.

The Action Plan followed up on the recommendations set out by the final report of the High-Level Group (HLEG) on sustainble finance. It was also discussed at a high-level conference on sustainable finance held on 22 March 2018.

Source Link Link to Main Source http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2018:097:FIN
Related Links
Official
European Commission: Press Release, 08/03/2018: Sustainable finance: Commission's Action Plan for a greener and cleaner economy https://ec.europa.eu/commission/presscorner/detail/en/IP_18_1404
European Commission: Frequently asked questions: Action Plan on financing sustainable growth (8 March 2018) https://ec.europa.eu/commission/presscorner/detail/en/MEMO_18_1424
European Commission: Opening remarks by Vice-President Dombrovskis on the Action Plans on Sustainable Finance, FinTech and a proposal for a Regulation on Crowdfunding (8 March 20 https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_18_1701
European Commission: Events, 22/03/2018: High-level conference: Financing sustainable growth https://ec.europa.eu/info/events/finance-180322-sustainable-finance
European Commission: Press Release, 22/03/2018: Sustainable Finance: High-Level Conference kicks EU's strategy for greener and cleaner economy into high gear https://ec.europa.eu/commission/presscorner/detail/en/IP_18_2381
European Commission: Welcoming remarks by Vice-President Dombrovskis to open the Sustainable Finance Conference (22 March 2018) https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_18_2403
European Commission: Speech by Climate Action and Energy Commissioner Miguel Arias Cañete at the High-Level Conference on Sustainable Finance: Future perspectives: sustainable finance as part of wider climate agenda (22 March 2018) https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_18_2422
European Commission: Speech by Vice-President Dombrovskis at the High-Level Conference on Financing Sustainable Growth (22 March 2018) https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_18_2421
European Commission: Speech by Vice-President Katainen at the High-Level Conference on Financing Sustainable Growth - 'Sustainable finance within the Commission's Agenda promoting sustainability' (22 March 2018) https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_18_2405
European Commission: Keynote speech by President Jean-Claude Juncker at the High-Level Conference on Financing Sustainable Growth (22 March 2018) https://ec.europa.eu/commission/presscorner/detail/en/SPEECH_18_2402

News
EurActiv, 08/03/2018: Europe takes first step toward clarifying booming ‘green’ finance https://www.euractiv.com/section/energy-environment/news/europe-takes-first-step-toward-clarifying-booming-green-finance/
Reuters, 08/03/2018: EU and asset managers clash over 'sustainable' investing plan https://uk.reuters.com/article/idUKKCN1GK298
Politico, 08/03/2018: Europe’s plan to turn banks green https://www.politico.eu/article/jyrki-katainen-valdis-dombrovskis-sustainable-finance-europe-plan-to-turn-banks-green/

Commentary and Analysis
The Economist, 22/03/2018: The EU wants to make finance more environmentally friendly https://www.economist.com/finance-and-economics/2018/03/22/the-eu-wants-to-make-finance-more-environmentally-friendly

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