EFAMA welcomes the opportunity to share views on the EC draft Delegated Acts on the obligation for mutual funds and alternative investment funds to advise clients on social and environmental aspects. Since the outset, EFAMA has been a strong supporter of creating a solid framework for sustainable finance which facilitates the transition to a more sustainable European economy. European asset managers have been integrating ESG into their investment processes in different forms for some time to achieve the diverse sustainability goals of individuals and institutional asset owners.

A clear roadmap for markets serving European citizens

Europe needs more than ever a well-functioning CMU to support its economic recovery and provide alternative sources of financing, putting the financial well-being of European citizens at its centre. We commend the members of the High-Level Forum for their important contribution to the necessary revitalisation of the CMU project says EFAMAs Director General Tanguy van de Werve.