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ARTICLE · 04 NOVEMBER 2020

EU Sustainable Finance Framework Takes Shape For Private Fund Managers

The European Commission's Sustainable Finance Action Plan (the "Action Plan") proposed a package of measures including, amongst other initiatives, ...

European UnionEnvironment

"As our planet increasingly faces the unpredictable consequences of climate change and resource depletion, urgent action is needed to adapt to a more sustainable model.To achieve more sustainable growth, everyone in society must play a role. The financial system is no exception. Re-orienting private capital to more sustainable investments requires a comprehensive rethinking of how our financial system works. This is necessary if the EU is to develop more sustainable economic growth, ensure the stability of the financial system, and foster more transparency and long-termism in the economy." (Press release, European Commission: Sustainable Finance: Commission's Action Plan for a greener and cleaner economy (8 March 2018)).

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