Renewed Sustainable Finance Strategy - initiative foreseen in Q4 2020
Building on the Commission’s action outlaid in March 2018 for its Sustainable Finance Strategy, a new comprehensive strategy was laid out to further connect finance with sustainability, under the European Green Deal framework. It included ten key actions that can be divided into three categories: reorienting capital flows towards a more sustainable economy, mainstreaming sustainability into risk management, and fostering transparency and long-termism. It aims to provide the policy tools to ensure that financial system genuinely supports the transition of businesses towards sustainability in a context of recovery from the impact of the COVID-19 outbreak. The renewed strategy will contribute to create a framework for private investors and the public sector to facilitate sustainable investments.
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