EIOPA publishes its consultation on the integration of sustainability risks and factors

The European Insurance and Occupational Pensions Authority (EIOPA) has just published for consultation its draft technical advice on possible amendments to the delegated acts under Solvency II and the Insurance Distribution Directive (IDD) concerning the integration of sustainability risks and factors. These amendments have been requested by the European Commission, on 1 August 2018, ...

EFRAG appoints Flavia Micilotta as part of the European Lab Steering Group.

EFRAG, the European Financial Reporting Advisory Group, published today the official list of the newly nominated members of the Steering Group for the new European Corporate Reporting Lab (the ‘European Lab@EFRAG’). The list comprises of 15 members from broad sectors and with diverse background. Their membership will be effective from ...

SASB released the first Industry specific Sustainability Accounting Standards

Today, the Sustainability Accounting Standards Board (SASB) released a complete set of 77 industry-specific sustainability accounting standards, as the result of six years of research and extensive market consultation. Approved in October, the standards are now publicly available. The SASB standards are used by Companies, to report on sustainability performance, ...

One Planet Summit 2018: Europe sustains its leadership on climate action

The European Commission was at the One Planet Summit in New York to present to global leaders the progress made on the ambitious initiatives it revealed in Paris last year. Watch the video! ...

Eurosif goes ‘Tobacco-free’

Eurosif becomes today a Founding Supporter of the Tobacco-Free Finance Pledge, an initiative developed by Tobacco Free Portfolios. This means that Eurosif will be supporting the Pledge, the organisation and its mission of reducing and ultimately eliminating investments in tobacco. Tobacco Free Portfolios is a not-for-profit organisation with a mission to inform, prioritise ...

EIOPA wants your contribution

This summer, the European Commission has formally requested the technical advice from the EU’s main financial supervisory bodies on how to integrate sustainability across its main financial markets legislation. On the 24 July 2018, a letter from Olivier Guersent, Director-General for Financial Stability, Financial Services and Capital Markets Union, was sent to the ...

European Lab Steering Group: join the network!

The European Financial Reporting Advisory Group’s (EFRAG) General Assembly has agreed the terms of reference for the European Lab Steering Group which will allow EFRAG to proceed with establishment of the European Corporate Reporting Lab (‘European Lab’). After the recent adoption of an action plan on financing sustainable growth, the European Commission ...

Eurosif welcomes King Baudouin Foundation as a new member

Eurosif is pleased to welcome its newest direct member from Belgium, the King Baudouin Foundation. The King Baudouin Foundation (KBF) was established in 1976 on the occasion of the 25th anniversary of King Baudouin’s reign. It is an independent foundation, administered by a Board of Governors. KBF's mission is to achieve a better society ...

The EIB issues its first Sustainability Awareness Bond

The European Investment Bank issued its first Sustainability Awareness Bond. This is a EUR 500 million transaction, launched on the 6th of September, which represents the first EIB funding intended to directly support sustainable finance and builds on the EIB’s pioneering role unlocking investment through green bonds. This product allows ...

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Eurosif June Newsletter ...

Spainsif Annual Meeting supports the European SRI Transparency Code 4.0

On the 18th of June, the Spanish Sustainable Investment Forum, Spainsif, held its Annual Meeting. The event gave a great opportunity to support the European SRI Transparency Code – and now, we are happy to confirm that Spainsif Annual Meeting has approved the implementation of Eurosif's Transparency Code 4.0 in the ...

Eurosif’s feedback on MiFID II suitability requirements and insurance-based investment products

From 24 May to 21 June 2018, the European Commission has sought feedback on amendments to delegated acts under the Markets in Financial Instruments Directive (MiFID II) and the Insurance Distribution Directive to include ESG considerations into the advice that investment firms and insurance distributors offer to individual clients.  Flavia Micilotta, Eurosif Executive Director, says: "Part of the ...