Regulation

The latest developments on the EU Action Plan: Part 1 This summer, the EU’s Technical Expert Group on Sustainable Finance (TEG) gathered market feedback on its plans for a green taxonomy, green bond standards and low-carbon benchmarks. To discuss the response and provide an update on the three initiatives – as well as the other parts of the Action Plan – RI will be joined by leaders from the TEG and the European Commission for a four-part webinar series. Nathan Fabian, Chief Responsible Investment Officer at the PRI and Chair of the Technical Expert Group on Sustainable Finance, will kick off the series with an update on the state-of-play for the green taxonomy. He’ll be discussing key take-aways from the public consultation and the latest in the ongoing political negotiations that run parallel to the TEG’s work. We encourage you to submit questions in advance, by emailing sophie@responsible-investor.com. Questions can be asked anonymously, if requested.

Responsible Investor’s latest instalment of The EU Action Plan: What Matters To Me

Thoughts from the Technical Expert Group member.

Taxonomy is last of three legislative proposals under EU Action Plan to go forward

Responsible Investor is proud to present a new edition in our sustainable finance webinar series focused on the global implications of the European Commission’s Sustainable Finance Action Plan, with updates on developments in Asia and North America. Coming after the G7 meeting in Biarritz, France at the end of August, this webinar will unpack the implications of the sustainable finance regulatory agenda for global investors. As the world grapples with populist politics, worsening economic inequality, and the prospect of climate breakdown, this is a crucial time for sustainable finance policy to reorient global capital markets. Against a backdrop of macroeconomic risks, this unique webinar will consider how sustainable finance policy on three continents could impact the banking and asset management industries. With the European Commission leading action on new rules covering investment mandates, sustainability definitions and green finance fiscal policy tools, this webinar will reflect on ‘the HLEG-effect’. Speakers will consider how sustainable finance regulation coming out of Brussels and Beijing could impact investors in North America and other parts of the world. Speakers: Barbara Zvan, Chief Risk & Strategy Officer, Ontario Teachers‘​ Pension Plan and a member of the Canadian Government Expert Panel on Sustainable Finance Michael Sheren, Senior Advisor, Bank of England and Co-Chairman of the G20 Sustainable Finance Study Group Morgan Després, Deputy Head of Financial Stability at Banque de France and Head of the Central Banks and Supervisors Network for Greening the Financial System (NGFS) Moderator: Sophie Robinson-Tillett, Deputy Editor, Responsible Investor

Climate change emerges as key issue during grilling of ECB president-elect

Reflecting on the EU legislative changes in sustainable finance: How organisations and individuals can master the educational challenge? While the EU's Action Plan for Financing Sustainable Growth and it's Technical Expert Group have made exceptional progress towards creating a financial market infrastructure that is conducive to a truly sustainable financial market, the exceptional amount, ambition and execution of the work have also led to an unprecedented educational challenge in the sustainable finance space Prof. Hoepner, one of only two TEG members appointed in personal capacity, will share his reflections on the significant progress to date as well as the long term ambitions for taxonomy, trajectory & co. and explain how these can contribute to a conflict-free Capitalism He will furthermore contrast Friedman's intransparent definition of risk with Markowitz' transparent one and explain why full risk transparency is crucial to measure and understand the merits of sustainable investing. Prof Hoepner is convinced that any investor practicing full risk transparency and accurate return per unit of risk measurement will deliver superior performance for clients and fully understand Fuerer's credo that "unsustainable investing is non-economic". Finally, Andreas will give some very practical tips how organisations and individuals can master this significant educational challenges, both the challenge resulting from the exceptional recent progress on the area of green finance as well as the challenge originating from decades of intransparent risk definitions and other misunderstandings of standard finance.

€250,000 contract will also establish an inventory and classification of actors and sustainability products/services

Controversial ‘green supporting factor’ for banks at heart of EU sustainability plan

NGO will launch new standards next month