EU to propose path to greener investments | WWF

EU to propose path to greener investments

Posted on 22 May 2018    
Finance buildings in London
© Global Warming Images / WWF
On Thursday, the European Commission will make proposals for legislation to help more investments go to sustainable projects like renewable energy.

A proposal on investor duties will give investors more responsibility in relation to the environmental, climate and social risks of their assets. For WWF, investors must be required to assess whether assets match with the Paris climate agreement goals and the Sustainable Developments Goals, and take action if they do not. WWF is also calling for the proposal to make investors ask for, and act upon, their clients’ wishes concerning the possible environmental, climate and social impact of investments.

Another proposal will be for a ‘taxonomy’, or list, of which activities are considered sustainable. For WWF, this taxonomy should be broad, covering environmental, social and governance classifications. WWF is also calling for an additional list of activities that are not considered sustainable - known as a ‘‘brown taxonomy’ - to make it as clear as possible what to invest in and what to avoid.

Sébastien Godinot, Economist at the WWF European Policy Office said:
“This is a major opportunity to make the waters of European finance clearer and cleaner. Requiring investors to assess, and address, environmental and social risks can bring our economies closer to what the Paris Agreement and Sustainable Development Goals demand. However we need to do more than just grow the ‘green’ niche - we also must ensure that sustainability requirements are mainstreamed across the whole financial market, as the EU High Level Expert Group on sustainable finance recommended.”

More information:
Tomorrow, 23 May, WWF together with NGOs Global Witness and ShareAction are holding a press conference on the European Commission’s expected legislative proposals. It will take place at 10:30 am CET at Brussels Press Club, Rue Froissart 95, 1040, Brussels, Belgium. If you haven’t yet registered, please contact Aleksandra Terzieva: ATerzieva@globalwitness.org.

Contact:
Sébastien Godinot, Economist, WWF European Policy Office
sgodinot@wwf.eu +32 489 461 314

Sarah Azau, Senior Communications Officer, WWF European Policy Office
sazau@wwf.eu +32 473 573 137
Finance buildings in London
© Global Warming Images / WWF Enlarge
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