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Published date: 25 February 2019

Sustainable finance: Presidency and Parliament reach political agreement on low carbon benchmarks (137/19)

The EU is building a regulatory framework to encourage investors to be more aware of the impact of their business on the environment.

The Romanian Presidency of the Council and the European Parliament reached today a preliminary agreement on a proposal creating a new category of financial benchmarks aimed at giving greater information on an investment portfolio's carbon footprint.

The transition to a low-carbon, sustainable economy requires us to rethink how we do business, where we invest our money. Thanks to today's agreement, it will be easier for investors to select climate-conscious projects, infrastructure and technologies, so as to re-orient capital flows towards green assets. Eugen Teodorovici, minister for finance of Romania

An increasing number of investors seek to ensure that their investments have a positive impact on the environment. To do so, they take investment decisions based on the carbon footprint generated by the projects or assets they consider, using indices that