Sustainable Finance

The asset management industry plays a key role in meeting the objectives of the European Green Deal to make the EU’s economy sustainable. Our members integrate ESG considerations across their risk management processes and investment decisions. They develop sustainable investment products and foster transparency to fight greenwashing. This increases choice, trust and, in turn, retail investors’ participation. Overall, such efforts mobilise capital towards a fair and just transition to a climate-neutral economy by 2050.

EFAMA actively contributes to the development and implementation of EU’s sustainable finance initiatives. Among them are a comprehensive transparency framework for financial market participants, standards and labels for green financial products, classification of green economic activities and policies enhancing corporate sustainability reporting.

Related policy positions

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Policy position

Sustainable Finance

18 December 2020

EFAMA feedback on draft Delegated Act of Taxonomy Regulation for climate change mitigation and adaptation

As the voice of European asset management industry, EFAMA strongly welcomes the development of
the EU Taxonomy and its technical screening criteria. We see the Taxonomy as a critical tool to
unleashing the potential of sustainable finance in Europe by assisting issuers, project promoters,
companies, investors, and other financial market participants in identifying truly sustainable economic
activities. We wish to put forward recommendations that aim to improve the usability and integrity of this
framework.

Policy position

Sustainable Finance

Ecolabel

11 December 2020

EFAMA reply to JRC CP on 3rd technical report: Development of EU Ecolabel Criteria for Retail Financial Products

EFAMA contributed to the ad-hoc working group for the development of the EU Ecolabel for retail financial products. EFAMA believes the third technical report strikes a better balance between the strictness of criteria and a sufficiently large pool of investment opportunities, and presents its further recommendations in its response to the JRC CP.

Policy position

EFAMA reply to ESMA's CP on the draft advice to EU Commission under Article 8 of the Taxonomy Regulation

Sustainable Finance

EU Taxonomy

04 December 2020

Article 8 of the Taxonomy Regulation - EFAMA reply to ESMA CP on draft advice to EU Commission

In its support of the development and implementation of the Taxonomy Regulation, EFAMA believes that reporting on the level of alignment with the Taxonomy by non-financial and financial undertakings is essential to strengthening market integrity around sustainability issues.

European single access point for data? EFAMA’s 6 key recommendations

The European Fund and Asset Management Association (EFAMA) has published its response to the European Commission's consultation on the establishment of a European Single Access Point (ESAP) for financial and non-financial information publicly disclosed by companies.

Press Release

Stewardship

Sustainable Finance

Ecolabel

EU Taxonomy

Sustainability-related Disclosures (SFDR)

Sustainability reporting (CSRD)

11 March 2021

ESG investing in the UCITS market: a powerful and inexorable trend

The European Fund and Asset Management Association (EFAMA) has published its latest Market Insights report titled “ESG Investing in the UCITS Market – A powerful and inexorable trend”. The report looks at the major trends in the ESG UCITS market, the impact of the coronavirus pandemic, and the behaviour of ESG and non-ESG funds.

Press Release

Sustainable Finance

Sustainability-related Disclosures (SFDR)

Sustainability reporting (CSRD)

10 March 2021

EFRAG sets solid foundations for the establishment of mandatory EU sustainability reporting standards

The European Fund and Asset Management Association (EFAMA) calls on the European Commission to reflect EFRAG´s recommendations for mandatory European Sustainability Reporting Standards in the upcoming NFRD review.

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Related publications

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Capital Markets

Capital Markets Union

Competitiveness

EU Fund regulation

International agenda

Management Companies

Sustainable Finance

Tax ＆ Accounting

17 September 2019

Asset Management Report 2019

The EFAMA Asset Management in Europe report aims at providing facts and figures to gain a better understanding of the role of the European asset management industry. It takes a different approach from that of the other EFAMA research reports, on two grounds. Firstly, this report does not focus exclusively on investment funds, but it also analyses the assets that are managed by asset managers under the form of discretionary mandates. Secondly, the report focuses on the countries where the investment fund assets are managed rather than on the countries in which the funds are domiciled.

Publication