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.

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Press Release

Sustainable Finance

Sustainability reporting (CSRD)

03 November 2021

EFAMA supports the formation of the International Sustainability Standards Board

We wholeheartedly support the formation of the International Sustainability Standards Board (ISSB) as announced today by the IFRS Foundation. The investment management industry is keen to actively engage in its governance and technical work, as it develops.

Policy Position

Sustainable Finance

Sustainability reporting (CSRD)

24 September 2021

Position on the scope of CSRD and the interplay with SFDR

The asset management industry recognises the much-needed adoption of mandatory European sustainability reporting standards under the Corporate Sustainability Reporting Directive (CSRD) proposal. Insufficient availability of meaningful, comparable, reliable, and public Environmental, Social and Governance (ESG) data is a key impediment to realising the full potential of the EU's sustainable finance regulatory framework. Financial market participants' sustainable investments need to be driven by real, verifiable and reported ESG metrics of company's activities and financial risks.