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ARTICLE · 06 MAY 2021

MFSA Issues Circular On Sustainable Finance And EU Taxonomy

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On the 29th April 2021, the MFSA issued a circular informing financial market participants and financial advisors that on the 21st April 2021, the European Commission adopted a package of measures and initiatives related to ...

MaltaFinance and Banking
Donald Vella
Donald Vella
Nicola Jaccarini
Nicola Jaccarini
Joeline Parnis
Joeline Parnis
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On the 29th April 2021, the Malta Financial Services Authority issued a circular informing financial market participants and financial advisors that on the 21st April 2021, the European Commission adopted a package of measures and initiatives related to the EU Sustainable Finance Agenda (the "Package").

By means of the Package, Europe's financial sector is strategically located at the epicentre of the drive to achieve sustainable and holistic economic recovery from the COVID-19 pandemic and the longer-term goal of pursuing the sustainable economic development of Europe.

Background

The Package includes a political communication on directing finance towards the European Green Deal, this being Europe's growth strategy aimed at improving the well-being and health of citizens, making Europe climate-neutral by 2050 and protecting, conserving, and enhancing the European Union's natural capital and biodiversity, and a proposal for a Corporate Sustainability Reporting

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