At the end of 2016, the European Commission appointed a High-Level Expert Group on sustainable finance. On 31 January 2018, the expert group published its final report offering a comprehensive vision on how to build a sustainable finance strategy for the EU.
The Report argues that sustainable finance is about two urgent imperatives:
(1) improving the contribution of finance to sustainable and inclusive growth by funding society's long-term needs;
(2) strengthening financial stability by incorporating environmental, social and governance (ESG) factors into investment decision-making.
The Report proposes eight key recommendations, several cross-cutting recommendations and actions targeted at specific sectors of the financial system.
This Action Plan builds upon the group's recommendations to set out an EU strategy for sustainable finance.
Download the full report: EU Action Plan for Financing Sustainable Growth.pdf