Following a provisional agreement reached last week to create a new category of low-carbon benchmarks, the EU is complementing its set of rules 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 introducing transparency obligations on how financial companies integrate environmental, social and governance factors in their investment decisions.
"Redirecting money towards greener, cleaner, more sustainable projects requires a stronger awareness by all market participants of the long-term impact of their investment decisions. To do this, the EU is today setting out a transparency framework to make sure that investors are well informed of the environmental and social impact of their investments." - Eugen Teodorovici, minister for finance of Romania
Institutional investors, such as asset managers or insurance companies, receive a mand
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