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

EFAMA responded to a public consultation of the Platform on Sustainable Finance on a 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.

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.