Sustainable Finance Literacy: The Next Challenge for Investor Education
Date & time: 8 November 2022, 16:00 - 18:00 CET
As a proud supporter of IOSCO’s World Investor Week, EFAMA organised an e-seminar to assess the state of sustainable finance literacy for investment and discuss various initiatives which could boost investor education in this regard.
ESG investing is a powerful growing trend and the proliferation of ESG financial products is testament to this. The new MiFID II rules oblige advisers to assess investors’ sustainability preferences before proposing investment products. In light of this, investors will have to strengthen their sustainable finance literacy in order to navigate this new landscape. This will no doubt present challenges as we move beyond the well-established set of recommendations (diversify, invest regularly etc.) to cover other concepts such as sustainability risks, principle adverse impact, environmentally sustainable investments etc. Therefore new initiatives are urgently needed to bridge the gap.
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Introductory remarks
Natalie Westerbarkey (Director & Head of EU Public Policy, Fidelity International), Chair of EFAMA’s Investor Education Platform.
The new MiFID II obligation on clients’ sustainability preferences
Presentation by Carolina De Giorgi (EFAMA Regulatory Policy Adviser) on the new MiFID II obligations, including the state of implementation at national level.
Retail investors and ESG investing: the obstacles to overcome
Presentation by Tobias Wekhof (Researcher, Center of Economic Research at ETH Zurich) on the main results of the academic report “Sustainable Finance Literacy and the Determinants of Sustainable Investing”.
Panel discussion – What can be done to bridge the sustainable finance literacy gap?
Moderator: Denise Voss (Chair, LuxFLAG), Vice-Chair of EFAMA’s Investor Education Platform
Panellists:
- Stan Dupre, Founder, 2° Investing Initiative
- Bianca Isaincu, Policy Analyst – Financial Education, OECD
- Gianluca Manca, Strategic Sustainability Expert, European Banking Federation
- Jarkko Syyrilä, Head of Public Affairs, Nordea Asset and Wealth Management
- Harald Walkate, Advisor on ESG and Sustainable Finance & Senior Fellow, University of Zurich CSP
