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

Préparation des plants de riz planter dans la culture agricole de plateaux d’eau douce

Sustainable Finance

03 September 2023

Bringing ESG Ratings and ESG Data Providers within the Regulatory Perimeter

Environmental, social, and governance (ESG) considerations play a crucial role in asset managers' investment decisions for several reasons:

Policy Position

a fictional depiction of sustainable icons against a city background in blue, green and white colors

Sustainable Finance

16 January 2023

EFAMA responds to ESMA's Call for Evidence on Greenwashing

In an environment with unclear definitions at EU level on key sustainable finance concepts, as well as a lack of complete, comparable and transparent ESG data, all market actors are concerned about the risk of greenwashing.

Policy Position

Sustainable Finance

Sustainability reporting (NFRD)

10 August 2022

ISSB's Exposure Drafts on Sustainable Reporting Standards

EFAMA shares the urgent need to improve the consistency and comparability of sustainability reporting at a global level. Therefore, we welcome the opportunity to respond to the ISSB consultation on the Exposure Drafts on “General Requirements for Disclosure of Sustainability Related Financial Information” (IFRS S1) and on “Climate-Related Disclosures” (IFRS S2).

EFAMA calls for consistency of taxonomy KPI metrics in EU sustainable finance regime

EFAMA has published its response to the joint European Supervisory Authorities (ESAs) consultation on taxonomy-related sustainability disclosures in the Sustainable Finance Disclosure Regulation (SFDR).

Press Release

Sustainable Finance

Sustainability reporting (NFRD)

21 April 2021

EFAMA calls for prompt adoption of ambitious mandatory sustainability disclosures under the Corporate Sustainability Reporting Directive

The European Commission has published a proposal for a Corporate Sustainability Reporting Directive (CSRD), paving the way for much-needed mandatory European sustainability reporting standards (ESS). Insufficient availability of meaningful, comparable, reliable and public ESG data is a key impediment to realising the full potential of the EU's sustainable finance regulatory framework. EFAMA, therefore, encourages the co-legislators to maintain the ambition of this proposal.

Press Release

Data

Sustainable Finance

EU Taxonomy

Sustainability-related Disclosures (SFDR)

Sustainability reporting (NFRD)

16 March 2021

European single access point for data? EFAMA’s 6 key recommendations

The European Fund and Asset Management Association (EFAMA) has published its response to the European Commission's consultation on the establishment of a European Single Access Point (ESAP) for financial and non-financial information publicly disclosed by companies.