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

Policy Position

Sustainable Finance

Sustainability reporting (NFRD)

18 January 2022

CSRD - Why we need to get improved corporate sustainability data by 2024

Investors, asset managers and civil society organisations call for the prompt implementation of the reform on corporate sustainability reporting and EU standards

Press Release

Data

Sustainable Finance

EU Taxonomy

Sustainability-related Disclosures (SFDR)

Sustainability reporting (NFRD)

01 December 2021

The European Single Access Point: a powerful tool for investors to assess the ESG performance of companies

EFAMA sees the European Commission’s proposal for the creation of a European Single Access Point (ESAP) as a crucial step in addressing the limited availability and scattered nature of financial and sustainability-related entity information at EU level.

Policy Position

Sustainable Finance

Sustainability reporting (NFRD)

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.

Position on the scope of CSRD and the interplay with SFDR

Event

Capital Markets Union

Competitiveness

Sustainable Finance

22 September 2021

EFAMA Vice-president Peter Branner to speak at POLITICO Live event

Tune in on 12 October at 9.00 am CEST to POLITICO Live’s event “Raising the green game in finance: how can Europe deliver?” with the participation of EFAMA's Vice-president Peter Branner from APG Asset Management. He will be joined by

Policy Position

Sustainable Finance

Sustainability-related Disclosures (SFDR)

13 September 2021

IOSCO´s consultation on ESG ratings and data products providers

Given the increasingly important role ESG ratings and data products providers play in investment processes, EFAMA welcomes the increased attention of regulators to this issue. In light of the growing regulatory scrutiny on the ESG characteristics of potential investments, improving the usability and reliability of the ESG ratings and data products is a key priority for the European asset management industry.