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Sustainable finance package

Met dank overgenomen van Europese Commissie (EC), gepubliceerd op woensdag 21 april 2021.

The European Commission adopted on 21 April 2021 an ambitious and comprehensive package of measures to help improve the flow of money towards sustainable activities across the European Union.

By enabling investors to re-orient investments towards more sustainable technologies and businesses, these measures will be instrumental in making Europe climate neutral by 2050.

They will make the EU a global leader in setting standards for sustainable finance.

EU Taxonomy Climate Delegated Act

The EU Taxonomy Climate Delegated Act aims to support sustainable investment by making it clearer which economic activities most contribute to meeting the EU’s environmental objectives.

While the College of Commissioners reached a political agreement on the text of the Delegated Act on 21 April 2021, it will be formally adopted only once it has been translated in all EU languages at the end of May.

Text of the Delegated Act and accompanying documents

Text of the EU Taxonomy Climate Delegated Act will soon be available here.

Proposal for a Corporate Sustainability Reporting Directive (CSRD)

The Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD), which would amend the existing reporting requirements of the NFRD. The proposal

  • extends the scope to all large companies and all companies listed on regulated markets (except listed micro-enterprises)
  • requires the audit (assurance) of reported information (‘limited’ assurance)
  • introduces more detailed reporting requirements, and a requirement to report according to mandatory EU sustainability reporting standards
  • requires companies to digitally ‘tag’ the reported information, so it is machine readable and feeds into the European single access point envisaged in the capital markets union action plan

Text of the CSRD proposal

Amending Delegated Acts on fiduciary duties

The Commission also adopted six amending Delegated Acts on fiduciary duties, investment and insurance advice will ensure that financial firms, e.g. advisers, asset managers or insurers, include sustainability in their procedures and their investment advice to clients.

Text of the amending Delegated Acts

The amending Delegated Acts on fiduciary duties will soon be available here.


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