EBF proposal for amendments on EP draft report on disclosures on sustainable investments

EBF advisor: Daniel Bouzas

Publication date: 12 September 2018

• Banks as key players in  financing the transition to a sustainable economy  support the Commission proposal  that aims to ensure that financial market integrate ESG considerations into the investment and advisory process in a consistent manner and provide investors with related information.


• In our comments to the rapporteur  Paul Tang,  we challenge the extension of the scope of the Regulation to lending activities. The scope should, as originally proposed, remain  limited to the management of environmentally sustainable investments or provision of related advisory services to clients.  Banks will be in the scope of the Regulation in their capacity as investments’ managers or providers of advisory services. Provision of credit should be left out from the scope of this Regulation and discussed separately.

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