Från Eurosif – Februari, mars 2022

Publicerat av Eurosif sedan senaste nyhetsbrev:

Eurosif letter to ESMA on ESG Ratings and their role in the market for sustainable investment products (29 March 2022)

On 21 March 2022, Eurosif sent a letter to Ms Natasha Cazenave, Executive Director of the European Securities & Market Authority (ESMA). The subject was the ESG Ratings and their role in the market for sustainable investment products.

ESG ratings play an increasingly important role in European capital markets, as a growing number of investment products and strategies may integrate these ratings in their investment process. This very pluarlity of views is beneficial for investors and enables them to form a more sophisticated view of a particular company, using different ratings to assess different aspects of the Environmental, Social & Governance (ESG) specturm. We find the analogy made with credit ratings and their high degree of correlation to be inappropriate. Read more here>


Eurosif statement on the Russian Federation’s unlawful invasion of Ukraine (10 March 2022)

Following the Russian Federation’s unlawful invasion of Ukraine and the worsening humanitarian crisis that is unfolding, Eurosif expresses its condemnation of the attack and compassion and solidarity with the Ukrainian people. Our thoughts are with all those affected by these inexcusable attacks against civilians.

Eurosif, representing Europe’s responsible and sustainable investment community, fully support the economic sanctions implemented by the EU (link) and its international partners. Read more>


Eurosif welcomes LSFI! (02 March 2022)

We are very pleased to announce that Luxembourg Sustainable Finance Initiative is joining Eurosif as an observer member. Read more here>


Eurosif – position on the EU Green Bond Standard (EU GBS) (24 February 2022)

Eurosif position is based on the ideal design of the EU GBS; a design that would ensure the right balance between voluntary market uptake and an ambitious and credible bond standard. The position also addresses various ideas that have been discussed to date in Council and in Parliament. Read more here>


Press release – Eurosif joins the EFRAG Sustainability Reporting Pillar (18 February 2022)

On 21 April 2021, the legislative proposal for a Corporate Sustainability Reporting Directive (CSRD) was released [link]. According to the proposal, the EFRAG would be the technical advisor to the European Commission to develop draft ESRS. On 21 January 2022, the revised EFRAG Statutes and internal rules were approuved during a General Assembly meeting. The Sustainability reporting pillar was created alongside the financial reporting pillar, mirroring its governance.

Eurosif is pleased to announce its involvement within the EFRAG Sustainability Reporting Pillar. In this crucial moment for sustainability, Eurosif is honoured to represent the voice of sustainable investors in the uttermost important EFRAG’s work on drafting European Sustainability Reporting Standards (ESRS). Read more here>


The inclusion of gas and nuclear undermines the credibility of the EU Taxonomy (03 February 2022)

Following the approval in principle of the Taxonomy Complementary Delegated Act [Link], Eurosif publishes its position regarding the inclusion of gas and nuclear in the EU Taxonomy.

Eurosif acknowledges the approval in principle of the Taxonomy Complementary Delegated Act (DA) and understands the political context and motivations which led to the inclusion of natural gas & nuclear energy in the EU Taxonomy framework. Nevertheless, we regret the probability that this decision will adversely impact both the credibility and usefulness of the framework for sustainable investors, thereby hampering the very objectives of the EU Green Deal it is seeking to support. Read more here>


Part of the variable remuneration of executive directors must be linked to the achievement of sustainability objectives (26 January 2022)

On Tuesday 25 January,  Pascal Canfin, Member of the European Parliament and Chair of the ENVI Committee in the European Parliament, sent a letter to two Commissionners in charge of the forthcoming initiative : Sustainable Corporate Governance [Link]. In this letter, Pascal Canfin and 25 other co-signatories including Eurosif, calls for linking the variable remuneration of executive directors and the achievement of sustainability objectives. Read more here>


Read Eurosif’s January 2022 newsletter here >

Read Eurosif’s February newsletter here>

See the Monthly Sustainable Finance webinar – March 2022 here >

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