Building Blocks For A More Sustainable Financial System

On 31 January 2018, the High-Level Expert Group (HLEG) on Sustainable Finance, set up by the European Commission in December 2016, delivered its final report and recommendations.

First and foremost: finance

It's worth stressing that this report is not simply about a tiny share of the market that offers sustainable products and services—it's about the financial sector, as a whole, transitioning to a more resource-efficient and more circular economy.

This report is required reading for any financial player serious about its future!

The key recommendations of the report are:

• Establish and maintain a common sustainability taxonomy at the EU level.
• Clarify investor duties to better embrace long-term horizon and sustainability preferences.