EFAMA responded to a public consultation of the Platform on Sustainable Finance on a social taxonomy.
Sustainable Finance
The asset management industry plays a key role in meeting the objectives of the European Green Deal to make the EU’s economy sustainable. Our members integrate ESG considerations across their risk management processes and investment decisions. They develop sustainable investment products and foster transparency to fight greenwashing. This increases choice, trust and, in turn, retail investors’ participation. Overall, such efforts mobilise capital towards a fair and just transition to a climate-neutral economy by 2050.
EFAMA actively contributes to the development and implementation of EU’s sustainable finance initiatives. Among them are a comprehensive transparency framework for financial market participants, standards and labels for green financial products, classification of green economic activities and policies enhancing corporate sustainability reporting.
Related policy positions
Policy Position
Sustainable Finance
EU Taxonomy
09 September 2021
EU needs a usable, investor-centric and globally relevant social taxonomy
Policy Position
Sustainable Finance
EU Taxonomy
07 September 2021
Brown taxonomy: An opportunity to transition away from significantly harmful activities
EFAMA responded to a public consultation of the Platform on Sustainable Finance on taxonomy extension options linked to environmental objectives.
Policy Position
International agenda
Sustainable Finance
Sustainability-related Disclosures (SFDR)
12 August 2021
EFAMA responds to IOSCO's recommendations on sustainability-related practices policies, procedures and disclosures in asset management
EFAMA welcomes IOSCO's enhanced attention to transparency efforts supporting informed and qualified investment decisions in sustainability-related products. We support the adoption of such recommendations at the international level and believe IOSCO should leverage the experience with SFDR and Taxonomy in Europe to help establish consistent international standards, definitions and best practices.
In this response, we would like to highlight three pressing challenges deserving greater attention in the report from asset managers' perspective.
Related news
Announcement
Sustainable Finance
Sustainability reporting (NFRD)
02 March 2022
Joint letter calling to broaden the scope of the CSRD
On behalf of:
CDP, Economy for the Common Good, EFAMA, Eurosif, Frank Bold, Finance Watch, Global Witness, Investor Alliance for Human Rights, Publish What You Pay, ShareAction, Transport and Environment, WWF
Dear Members of the European Parliament,
Press Release
Sustainable Finance
Sustainability reporting (NFRD)
25 January 2022
EFRAG General Assembly approves EFAMA’s membership
Naïm Abou-Jaoudé, EFAMA President, comments:
Policy Position
Sustainable Finance
Sustainability reporting (NFRD)
18 January 2022
CSRD - Why we need to get improved corporate sustainability data by 2024
Investors, asset managers and civil society organisations call for the prompt implementation of the reform on corporate sustainability reporting and EU standards
Related publications
Publication
UCITS
Sustainable Finance
24 September 2024
Market Insights #18 - Sustainable Equity UCITS
This report looks specifically at the evolving trends of the equity asset class of sustainable UCITS, whose share is the highest (53%) in total sustainable UCITS funds. It highlights their role as investment vehicles in facilitating the green transition. The universe of sustainable equity UCITS funds is defined based on Morningstar’s classification of sustainable financial instruments1. This means funds must claim to have a sustainability objective, and/or use binding ESG criteria for their investment selection.
Publication
Investor Education
Sustainable Finance
28 November 2023
Sustainable Investing Explained in 9 Questions
EFAMA launches its new brochure "Sustainable investing explained in 9 questions".
Despite the growing interest and importance of sustainable investing, most EU citizens often find it difficult to navigate this relatively new investment landscape.
In the brochure we explore :
Publication
Statistics
Sustainable Finance
14 December 2022
EFAMA Asset Management Report 2022
EFAMA's latest edition of its 'Asset Management in Europe' report provides an in-depth analysis of recent trends, focusing on where investments funds and discretionary mandates are managed in Europe.
The asset management sector is a crucial one for the European economy, with a key role to play in financing the green transition:
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