Regulation

Study made against backdrop of EU Sustainable Finance Action Plan.

Government-backed panel included asset owners like Ontario Teachers and CDPQ

One of the most significant recommendations being pursued in the EU’s Action Plan is ‘to introduce a common sustainable finance taxonomy to ensure market consistency and clarity’. In what way would it work? How can such a taxonomy be both flexible and have integrity for identifying activities, assets and revenue segments that deliver on key sustainability goals? How could the EU and its Member States apply relevant rules, and who would regulate them? What would that mean outside of the EU? This webinar will answer these issues and many more, and let you pose your own questions on the Taxonomy. Speakers: Martin Spolc, Head of Unit, Capital Markets Union, DG Financial Stability, Financial Services and Capital Markets Union at the European Commission (EC), Nathan Fabian, Chief Responsible Investment Officer, Rapporteur of the Taxonomy Group, PRI Moderator: Sophie Robinson-Tillett, Deputy Editor, Responsible Investor

Why 2019 will be a pivotal year for all sorts of reasons

Significant moves by the Big Three come amid regulatory pressure

Concern as European Commission’s proposals go beyond original HLEG recommendations

Fears that a ‘do-no-harm’ approach on human rights is not enough

Strong opposition from industry groups representing banks and financial advisors.

Italian financial advisors welcome proposed MiFID changes

European Sustainable Investment Policy •The EU High-Level Expert Group on Sustainable Finance (HLEG) •The European Commission’s policy objectives Responsible Investor is proud to present a series of three webinars focused on European sustainable investment policy in the context of the High-Level Expert Group on Sustainable Finance (HLEG) and the stated objectives of EU Vice-President Valdis Dombrovskis. This is a crucial time for EU policy on ESG. But how will it affect you… and your clients? With Europe looking at investment mandates, sustainability definitions and green financing incentives, ‘the HLEG-effect’ will be far-reaching. The series will feature senior figures from the EU, leading market participants and expert analysts. European Sustainable Investment Policy: Series 3/3 SUSTAINABILITY DEFINITIONS There is also a plan to create a common language and classification system for sustainable investments. This ‘taxonomy’ will impact the investment landscape and could foster the construction of green portfolios: but what will it look like and who will oversee it? Speakers: Eila Kreivi, Head of Capital Markets, European Investment Bank Yao Wang, Professor and Director General, International Institute of Green Finance, Deputy Secretary General of Green Finance, Green Finance Committee of China Society for Finance and Banking David Harris, Group Head of Sustainable Business, London Stock Exchange Group, Head of Sustainable Investment, FTSE Russell Moderator: Sophie Robinson-Tillett, Deputy Editor, Responsible Investor