2020 saw the climate crisis and sustainability enter the mainstream globally, with governments and regulators prioritising sustainability in their agendas. The European Commission made significant advances in implementing its Sustainable Finance Action Plan, which launched in March 2018 and includes three legislative proposals aimed at: creating an EU sustainability taxonomy; requiring disclosures relating to environmental, social and governance factors; and the creation of low carbon and positive carbon impact benchmarks. The financial system has an important role to play in directing investment towards achieving sustainability targets and this note sets out further details in relation to each of the above initiatives.
Read the full note below which focuses on the elements of the Action Plan relevant to investment funds (undertakings for collective investment in transferable securities (“UCITS”) and alternative investment funds (“AIFs”)) and their managers (UCITS management companies and alternative investment fund managers (“AIFMs”)).
Sustainable Finance and Investment Funds PDF | 0.62 MBTo learn more visit our Sustainable Finance page.