News

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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, with the main purpose of guaranteeing a widespread identification, disclosure and integration of sustainability risks, especially within the investments sector ...
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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 15 November 2018 and the appointment is for an initial term of two years, subjected to renewal with a maximum ...
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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, and by Investors, to make aware investment decisions. For this reason, it represents a fundamental technical tool for the non-financial ...
/ Event, Latest News

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 and advance tobacco-free finance by encouraging financial institutions to reflect on and reconsider commercial relationships with the tobacco industry and ...
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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 heads of EIOPA and ESMA, respectively the European Insurance and Occupational Pensions Authority and European Securities and Markets Authority to provide technical advice supplementing ...
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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 shows its intention to concretely finance its ambitious climate and sustainable development agenda, strengthening its role. With the newly European ...
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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 by helping to improve living conditions of the population. KBF is operational in Belgium, Europe and at international level, it supports projects ...
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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 the Bank to extend its established allocation and reporting practice to enhance capital market transparency and accountability in further areas ...

EIOPA APPOINTS NEW MEMBERS TO ITS STAKEHOLDER GROUPS

Frankfurt, 17 July 2018 – The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has appointed new members to the Insurance and Reinsurance Stakeholder Group (IRSG) and Occupational Pensions Stakeholder Group (OPSG). The new members will take up their appointment on 4 September 2018 and will serve a 2½ years term. EIOPA considered 215 applications from 25 European countries, submitted following an open call. New appointments also reflect ...

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Eurosif June Newsletter ...
/ Latest News, Uncategorized

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 SRI market in Spain! The Transparency Code 4.0 has been revised this year to include key elements of the recommendations ...
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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 focus of the legislative package the European Commission launched on the 24th of May, was on clarifying investors’ duties by ...
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INTERVIEW: Eurosif’s Flavia Micilotta shares her vision on the EU Action Plan on Sustainable Finance

The European Commission published its Action Plan for Financing Sustainable Growth in March. In an interview with Candriam, Flavia Micilotta, Eurosif Executive Director, shares her global vision of the Action Plan and predicts its consequences for the European financial industry ...
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European Parliament passes resolution on Sustainable Finance

MEPs have today backed strongly Molly Scott Cato’s resolution on Sustainable Finance - by 455 votes to 87, with 92 abstentions. The initiative emphasises the vital role of financial markets in the transition to a sustainable economy and the need for a policy framework to encourage investments into sustainable assets. 'Sustainable finance gains prominence and an overwhelming consensus in the European political panorama,'  rejoices Flavia Micilotta, Eurosif Executive Director. To read the European ...
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Eurosif applauds Commission’s legislative proposals on sustainable finance

Today, 24th of May, the European Commission has revealed its first legislative package as a follow-up to the Action Plan on sustainable finance launched on the 8th March. The Sustainable Finance chapter the European Commission has been crafting through its praiseworthy initiatives is geared at hardwiring sustainability in the Capital Markets Union, Junker’s financial plan for Europe. The Commission has been working relentlessly in order to ensure putting in place ...
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Eurosif’s Executive Director Flavia Micilotta on FTAdviser: “The definition issue continues to hamper SRI”

In an opinion piece published by Financial Times publication FTAdviser, Eurosif’s Executive Director Flavia Micilotta explains how the problem of defining sustainability-related terms hampers further growth of SRI. “The definition issue regarding sustainability-related terms (too many, too broad) keeps on rearing its head, despite the many positive developments which the industry has witnessed so far, and potentially hampers further growth,” Micilotta writes. However, the future looks brighter, as she concludes: ...
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UKSIF publishes a survey of fund managers’ responses to climate-related risks facing fossil fuel companies

According to UKSIF’s recent survey, "Not long now: Survey of fund managers’ responses to climate-related risks facing fossil fuel companies", it is clear that fund management firms view fossil fuels and International Oil Companies (IOCs) as increasingly risky investments that are likely to be devalued in the near future. 54% of respondents believe the biggest barrier stopping them creating a new fossil fuel free fund is the lack of client ...
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INTERVIEW: Eurosif’s Flavia Micilotta on the future of sustainable finance in Europe

Eurosif’s Executive Director Flavia Micilotta was interviewed in Milano at Il Salone del Risparmio with Morningstar on the 12th of April. To watch the interview (in Italian), please click here ...
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ETicaNews interview: Commission action plan represents an important step

ETicaNews interviewed Flavia Micilotta, Eurosif’s Executive Director, to discuss the Commission action plan on sustainable finance and its future impacts. Read the full interview in Italian here ...
/ Latest News, Sri Study

Eurosif 2018 SRI Study Launch

For sponsorship opportunities, please contact flavia.micilotta@eurosif.org.  Published every two years, the Eurosif study is the reference for every stakeholder in the industry and a ‘must-have’ for any Responsible Investor. The Eurosif Study measures the SRI market by qualifying the capital invested in SRI, as well as highlighting trends in the industry at both a European and national level. Agenda to follow The Eurosif 2016 SRI Study featured: Institutional and Retail ...
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The Green Finance Taskforce report is out

The Green Finance Taskforce, headed by Sir Roger Gifford, Head of SEB UK, delivered yesterday, 28th of April a report with key recommendations, written in the record time of six months. The focus of the report is accelerating the growth of green finance and the low-carbon economy and it is centred around 3 key goals: Helping deliver the investment needed to meet the UK’s Industrial Strategy and Clean Growth Strategy; ...
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INTERVIEW: Eurosif’s Flavia Micilotta on the EU Action Plan on Sustainable Finance

Earlier this year, in March 2018, Eurosif's Executive Director was interviewed in Paris on the European Commission's Action Plan on Sustainable Finance with L'AGEFI. To watch the full interview, please click here ...
/ HLEG, Latest News, Press Releases

Eurosif welcomes the EU’s Action Plan on Sustainable Finance

Today, the European Commission has published its much-awaited Action Plan for Financing Sustainable Growth. This document embodies the Commission’s reflections on how to transpose the key recommendations of the High-Level Expert Group on Sustainable Finance (HLEG), published earlier this year. The Action Plan presents clear targets that will allow for the inclusion of sustainability in the European Capital Markets Union. This Action Plan on sustainable finance is part of the ...
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Horizon 2020 is looking for experts

Horizon 2020 is looking for experts to help us evaluate a call for proposals dealing with finance for energy efficiency in the Horizon 2020 programme, addressing: mainstreaming energy efficiency finance, linked to the work of the EEFIG innovative financing schemes aggregation and project development assistance integrated home renovation services smart energy services The assignment would represent up to 4 days remotely around end of September and October, and 1 week in Brussels between ...
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Eurosif launches Transparency Code 4.0

Today, Eurosif and the national SIFs are launching a new version of the European SRI Transparency Code. The new Code reflects recent crucial developments in the SRI industry and is geared towards guiding asset managers to meet relevant requirements for their products. Applications to sign up the Code will now be in line with key elements of the recommendations made by the Task Force on Climate-related Financial Disclosure (TCFD), Article ...
/ HLEG, Latest News

Executive Director Flavia Micilotta on the HLEG’s Final Report

The much-awaited Final Report of the High-Level Group on Sustainable Finance (HLEG) is finally out. The report contrtains a series of carefully calibrated recommendations which have been elaborated by the members of the group over the past year. Eurosif, the leading European association for the promotion of Sustainable and Responsible Investment in Europe, has advocated since its inception, and with the support of its membership, for a more sustainable financial ...
/ HLEG, Latest News

EURACTIV interview: Investment transparency is crucial

Following the publication of the HLEG's Final Report, EURACTIV interviewed Flavia Micilotta, Eurosif's Executive Director, to discuss the recommendations in greater detail and what the future holds for European sustainable finance. Read the full interview here ...
/ HLEG, Latest News

The HLEG publishes its Final Report

Today, the European Commission published the final report and recommendations of the High-Level Expert Group on Sustainable Finance (HLEG). The HLEG, set up by the European Commission in December 2016, was given the task of developing recommendations to deliver an overarching and comprehensive EU strategy on sustainable finance, by integrating sustainability into EU financial policy. Eurosif welcomes this final report. Flavia Micilotta, Eurosif Executive Director and member of the HLEG, ...
/ Annual Report, Latest News

Eurosif’s Annual Report 2017

Eurosif is pleased to share its Annual Report - all the highlights and key developments from the past year. 2017 has been a great, landmark year for SRI which has opened up new opportunities for the industry, and for Eurosif specifically. Some of the key highlights include the involvement of Eurosif in the High-Level Group or Expert on Sustainable Finance (HLEG), which was set up by DG FISMA at the European Commission ...
/ Latest News, Long-Term Investment

Eurosif responds to EU’s consultation on investor duty

On the 13th of November 2017, the European Commission launched a public consultation on institutional investors and asset managers' duties regarding sustainability. Its primary aim was to gather and analyse the necessary evidence to determine possible actions to improve the assessment and integration of sustainability factors in the relevant investment entities' decision-making process. To read Eurosif's answers, please click here. Eurosif's Executive Director, Flavia Micilotta, says: "Sustainable and Responsible Investment (SRI) ...
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Eurosif contributes to Global Climate Finance’s COP23 magazine

In Global Climate Finance's COP23 Magazine, Eurosif's Executive Director, Flavia Micilotta,provides a brief outline and update on the state of SRI in Europe. The magazine is available here and the Eurosif article is available as a PDF here ...
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Ireland’s Year of Sustainable Business 2018

Ireland’s Year of Sustainable Business 2018, an initiative of Sustainable Nation Ireland, a Eurosif member, was included in the National Mitigation Plan, the Government’s climate action strategy, presented to Cabinet by Minister for Climate Action Denis Naughten. The National Mitigation Plan says: “Sustainable Nation Ireland is a public-private partnership established to promote Ireland as a hub for sustainable investment and innovation, demonstrate the potential for the private sector to support and develop ideas, innovations and investment ...
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Candriam awarded the first French government-backed SRI label for a High Yield fund

Candriam Investors Group, a leading European multi-specialist asset manager, with €111 billion of AUM and owned by New York Life Investment Management (NYLIM), has been awarded the first ever label for its SRI Bond Global High Yield fund. Four other Candriam funds - three equities funds and one bond fund - were also awarded the French government-backed SRI label. The labels were awarded by AFNOR Certification in December 2017. The label rewards Candriam's ...
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Climate Action interview with Eurosif’s Flavia Micilotta

Climate Action caught up with Flavia Micilotta, Executive Director, Eurosif, on scaling up low carbon investment and her participation in the first Sustainable Investment Forum Europe. Flavia will be the moderator of the "Environmental Data for Sustainable Development" panel on facilitating sustainable investment decision-making through harmonised environmental and financial data during the forum, taking place this March in Paris. To read the full interview, please click here ...
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Alecta’s Magnus Billing interview with the FT

Magnus Billing, the head of Alecta, Sweden’s biggest pension fund discusses how his scheme holds companies to account, discusses how his scheme holds companies to account in an interview with the Financial Times' Owen Walker. He reveals the secrets to a successfully sustainable pension fund investment strategy: avoid fund managers and ensure highest possible returns while guaranteeing a planet for beneficiaries. To read the full interview, please click here ...
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What we learned at the One Planet Summit

On Tuesday the 12th of December, Eurosif attended the One Planet Summit - a gathering in Paris, two years on from the Paris Agreement. Convened by the French President, Emmanuel Macron,  over 50 heads of state came together for a status update on the fight against climate change. Naturally, the Summit was considered the perfect platform to launch a spate of initiatives and commitments - a selection of which can be ...
/ Latest News, Tax Transparency

The EU publishes its blacklist of 17 tax havens

Today, the EU finance ministers have adopted a blacklist of 17 countries and territories that do not cooperate in the fight against tax evasion and tax avoidance. A second, so-called 'grey list' of 47 countries, including entities that have made commitments but have yet to meet them, was also published. Ministers still have to discuss precisely what kind of sanctions could be applied against countries that do not respect their ...
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New binding targets for energy efficiency and use of renewables from the European Parliament

Today, the European Parliament's Industry and Energy Committee have agreed to a binding target to reduce energy consumption by 40% by 2030 at EU level. Each EU country will have to set its own corresponding national energy-efficiency targets that are needed to reach the overall goal of 40% reduction in energy consumption. These would cover all stages of the energy chain, including generation, transmission, distribution and end-use. In a separate vote, which ...
/ Press Releases

How to integrate sustainability into financial markets? The Italian SRI community meets Europe

On the 13th of November, a consultation meeting was held at Borsa Italiana in Milan between representatives of the Italian financial industry and some members of High-Level Expert Group on Sustainable Finance. The conference was part of the Italian SRI Week, the most important initiative on sustainable investment in Italy promoted and organised by the Italian Sustainable Investment Forum (FFS). The event is the Italian step of a Roadshow conceived by Eurosif, ...
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FNG publishes 1st edition of Guidelines for Institutional Investors – an easy entry

For the first time, FNG has launched a Guide for Institutional Investors. The target group are small and medium-sized institutional investors. The aim of this publication is to give institutional investors an overview of definitions, strategies, the chances and different options of sustainable investment as well as a check list and information, aiming to support investors in integrating sustainability criteria in their investment portfolio. To download the full study (in ...
/ ESG, Latest News

The European Commission launches a fiduciary duty consultation

The European Commission steps up Today, the 13th of November, the European Commission launched a public consultation on providing legal clarification that the legal duties (sometimes referred to as fiduciary duties) of asset owners and asset managers include integrating Environmental, Social and Governance (ESG) considerations into decision-making. This move recognises the need for more clarity, further accountability and the willingness of the European policy-makers to bring consistency in a financial ...
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IRRI 2017: Launching the search for best practice and the best analysts in SRI & CG

The IRRI Survey 2017 invites institutional investors, asset managers, investment research providers, listed companies and any other with professional exposure to the global SRI and corporate governance value chain globally to share their opinion on the shape and direction of the research that underpins our industry here: IRRI 2017 QuickVote. (IRRI = Independent Research in Responsible Investment. It is the globally-authoritative, practitioner-led review of best practice and trends in SRI & corporate ...
/ ESG, Latest News

PensionsAge – Embracing ESG

In an article for the PensionsAge October 2017 magazine (free registration required), Andrew Williams talks to Eurosif's Executive Director, Flavia Micilotta, as he examines why interest in ESG strategies continues to rise. Both the French Article 173 and the recent Dutch regulatory framework are cited as examples of ambitious agendas, while the "responsible investment strategy pursued by GPIF [the Japanese Government Pension Investment Fund], characterised by a strong commitment to ...
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Eurosif welcomes ČS Pension Company as new member

Eurosif is pleased to welcome its newest individual member from the Czech Republic, the ČS Pension Company (Česká spořitelna – penzijní společnost) to the European SRI network! A subsidiary of Česká spořitelna, the biggest retail bank in Czech Republic and member of Erste Bank financial group, ČS Pension Company has been operating in the Czech republic since 1995 on supplementary pension savings market currently with 920 thousand clients and total asset under ...
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DNB: Increasing climate-related risks demand more action from the financial sector

Financial institutions must increasingly factor in the consequences of a changing climate and the transition to a carbon-neutral economy. DNB explores the impact of climate-related risks on the Dutch financial sector in its recent report, "Waterproof? An exploration of climate-related risks for the Dutch financial sector". This impact can be felt increasingly strongly in a variety of areas, which is why DNB intends to embed climate-related risks more firmly in ...
/ Latest News, Long-Term Investment

VBDO publishes 11th edition of the Benchmark Responsible Investment by Pension Funds in the Netherlands

For the eleventh time, VBDO has reviewed the sustainability performance of the 50 largest Dutch pension funds. The aim of this report is to provide pension funds and their stakeholders with insights into the current status of responsible investment in the Dutch pension sector. The benchmark shows a growing trend towards a sustainable investment portfolio. ESG criteria are increasingly included in investment analysis and funds are overall more transparent about their responsible ...
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Launch of Invest Week 2017

31 organisations hosting 20 events to date and more to come Invest Europe, the association representing Europe’s private equity, venture capital and infrastructure sectors, has once again joined forces with policymakers, the investment industry, policy–focused organisations and entrepreneurs to host Invest Week 2017. Supported by the Estonian Presidency of the Council of the European Union, Invest Week 2017 will focus on how Europeans can work together to create a brighter future through ...
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Paving the way for Sustainable Finance in Europe

Today, Eurosif launches its latest report, Paving the way for Sustainable Finance in Europe, an insightful analysis which gathers key players' views into the work of the HLEG for a framework for sustainable finance. Download the report here. This report was sponsored by ...
/ Latest News

VBDO launches an Investor Guide on tax

VBDO - the Association of Investors for Sustainable Development - issued an investor guide on ​​fiscal responsibility and tax. The guide focuses on institutional investors and aims to provide investors with a practical roadmap for the design of a responsible tax strategy and the implementation thereof in business operations at the level of investors and their investee companies. It provides information on how to design a responsible tax framework that stimulates responsible tax ...
/ HLEG, Latest News

EU Commission adopts the ESAs package

Today, the Commission has adopted the European Supervisory Authorities (ESAs) package which is a significant step forward for a stronger supervisory architecture. When the EU overhauled its financial system in the wake of the financial crisis, it introduced a Single Rulebook for financial regulation in Europe and created the European Supervisory Authorities (ESAs) and the European Systemic Risk Board (ESRB). These bodies are pivotal in ensuring that financial markets across the EU are ...
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Plant a tree – an EIB and WeForest initiative

In July 2007, the European Investment Bank launched its first Climate Awareness Bond. To mark the 10th anniversary of this milestone, the EIB has partnered with NGO WeForest in a project to make the planet greener – an additional way for us to contribute to the fight against global warming through reducing the levels of carbon dioxide in the atmosphere. How does it work? For every person who fills out this form, the ...
/ HLEG, Latest News

Sustainable investment in Europe at a crossroads: GRI’s interview with Flavia Micilotta, Eurosif’s Executive Director

Sustainable and responsible investment is helping mobilize and direct finance towards building a more inclusive, stable and greener European economy. Here GRI talks to Flavia Micilotta, Eurosif's Executive Director, to discover how.​ In the interview, Flavia outlines some of the key trends and challenges facing European sustainable finance, and lists some recommendations drafted by the EU’s High-level Expert Group to help create a financial system that supports sustainable investments. To ...
/ HLEG, Latest News

Responsible Investor: Eurosif’s Flavia Micilotta on helping SRI investors through HLEG

In the lead up to the public consultation on their Interim Report, the EU's High Level Expert Group on Sustainable Finance (HLEG) has been commissioned by Responsible Investor for a series of  thought leadership pieces written for Responsible Investor by individual HLEG members. For her piece, Eurosif's Flavia Micilotta focuses on SRI investors and what is needed to make a truly sustainable financial markets system. To read the full article, please click ...
/ Corporate Governance, Latest News

UK Government Announces Corporate Governance Reform Package

This morning the Government set out its “world leading” package of corporate governance reforms designed to increased boardroom accountability and enhance trust in business. The reforms focus on three areas: Executive pay, employees’ voices, and corporate governance in privately-held businesses. The announcement follows a wide-ranging consultation which ended in February. Despite the “watering down” of some of these proposals, there are positives including the development of a new corporate governance ...
/ HLEG, Latest News

Reflections on the HLEG report

In an article for Environmental Finance, Eurosif's Executive Director, Flavia Micilotta, outlines some of her key takeaways from the High-Level Expert Group on Sustainable Finance's Interim Report. "The report brings to the fore some of the crucial elements that have already been a part of the Sustainable and Responsible investors' agenda for a number of years and reaffirms their importance for the mainstream industry" To read the full article, please click here ...
/ Latest News, PRIIPs

ESAs present advice on PRIIPs with environmental or social objectives

On the 31st of May 2016, the European Commission mandated the Joint Committee to provide its technical advice specifying the details of the procedures used to establish whether a PRIIP targets environmental or social objectives. The underlying goals were to set out indications for the manufacturer to follow to show potential retail investors and other stakeholders - including supervisors and market participants - the substance of these objectives, and how ...
/ Latest News

Eurosif at the Sustainable Development Festival

The Italian Alliance for Sustainable Development (ASviS) brings together 160 organisations, representing both the economic and the social communities. ASviS recently organised the first Sustainable Development Festival  with over 200 events that ran from the 22nd of May until the 7th of June. As the SDGs are primarily focused on the role the private sector plays in meeting the objectives set out in the Agenda 2030, ASviS organised their key event, in Milan on ...
/ HLEG, Latest News

HLEG launches survey on its Sustainable Finance Interim Report

On the 18th of July, the European Commission's High Level Expert Group on Sustainable Finance (HLEG)  launched a questionnaire, following on from the publication of its Interim Report earlier this month. The aim is to gather targeted feedback on the analysis and reflections presented by the HLEG in the Report. It was launched during the public hearing on the report at the Commission by the HLEG Chair, Christian Thimann, as he presented ...
/ Latest News

FNG on the German G20 presidency

Following the conclusion of the German presidency of the G20, FNG has published a position on the progress made in terms of sustainable finance. Read the full position here ...
/ HLEG, Latest News

HLEG Report published today

Today, the 13th of July, the European Commission's High Level Expert Group on Sustainable Finance (HLEG) published its Interim Report. This Report identifies two imperatives for Europe’s financial system. The first is to strengthen financial stability and asset pricing, by improving the assessment and management of long-term material risks and intangible factors of value creation, including those related to environmental, social and governance (ESG) issues. The second is to improve the ...
/ Press Releases

Eurosif signs the Stockholm Declaration

Brussels, 3rd of July 2017 – On the 3rd of May, a group of the global investment community’s leading players gathered at the meeting Investing for sustainable development and sustainable impact towards 2030 in Stockholm and agreed to a Stockholm Declaration. The declaration is a firm commitment of those gathered to integrate the 17 Sustainable Development Goals (SDGs) set out by the UN into their central framework. Reaching the SDGs ...
/ Latest News

VBDO launches Natural Capital and Finance consultation

What is the Finance Sector Supplement? The Finance Sector Supplement to the Natural Capital Protocol aims to provide financial institutions with guidance on how to incorporate environmental impacts and dependencies into their lending, investment and insurance decisions. The finance sector supplement is being developed by the Natural Capital Coalition, Natural Capital Finance Alliance and the Dutch Association of Investors for Sustainable Development (VBDO). What is the consultation? The draft Finance ...

Eurosif responds to the NFR guidelines

Today, the 26th of June, the Commission formally adopted guidelines on the disclosure of environmental and social information. These guidelines will help companies to disclose relevant non-financial information in a consistent and more comparable manner. The aim is to boost corporate transparency and performance, as well as encourage companies to embrace a more sustainable approach. Eurosif's Executive Director, Flavia Micilotta, had this to say: 'The much awaited NFR guidelines are finally ...
/ Latest News

Sustainable Development Goals for responsible investors

On the 23rd of June, an article written by Eurosif's Executive Director, Flavia Micilotta, was published by Italian Alliance for Sustainable Development (ASviS). ASviS was established on February 3rd, 2016, upon the initiative of the Unipolis Foundation and the University of Rome “Tor Vergata”. Its aim is to raise awareness among the Italian society, economic stakeholders and institutions about the importance of the Sustainable Development Agenda, and to mobilize them in order ...

Policy update from UKSIF and Eurosif

On the 20th of June, Eurosif's Executive Director, Flavia Micilotta, joined member UKSIF's webinar to discuss recent policy developments at both UK and EU levels. UKSIF's Policy Officer, Fergus Moffatt, discussed the results of the election, with Theresa May remaining Prime Minister – at least for the time being – with backing from the Democratic Unionist Party. There have been various changes to the ministerial line-up at both junior and ...

Eurosif welcomes the Capital Markets Mid-Term Review 2017

Today, 8th of June, the European Commission published the Communication on the Mid-Term Review of the Capital Markets Union Action Plan. The document reiterates the intention to strengthen the third pillar of the Investment Plan for Europe and the role of capital markets in addressing the financial needs of Member States economies. Good progress has been made to address some of the most pressing issues around the key players, particularly ...
/ Latest News

The GSIA condemns Trump’s decision to withdraw from the Paris Agreement

Following the announcement yesterday on the 1st of June, the Global Sustainable Investment Alliance, of which Eurosif is a member, has expressed strong disappointment in the US Government’s decision to withdraw from the Paris Climate Change Agreement. The GSIA - representing $12 trillion of assets managed, banked or advised globally – has condemned the decision which comes at a critical moment when global capital is moving to play their part ...
/ Press Releases

Sustainable Investment Market Report 2017 – Sustainable investment market in Germany, Austria and Switzerland makes significant gains yet again

Berlin/Vienna/Zurich, 1 June 2017 – Sustainable investments are continuing to increase in importance. In 2016, this market again saw disproportionately high growth in Germany, Austria and Switzerland, with overall growth standing at 29 per cent. The latest annual statistics from FNG – Forum Nachhaltige Geldanlagen for these three countries put a figure of almost 420 billion euros on investments in which not only financial but also environmental and social criteria ...
/ Latest News, Tax Transparency

Eurosif calls on European Parliament to act on tax transparency

In a letter sent to several MEPs on the 16th of May, Eurosif's Executive Director, Flavia Micilotta, discussed the European Commission’s legislative proposal of 12 April 2017 on public Country by Country Reporting (CbCR), due to be voted in the ECON and JURI Committees on 30th May 2017. The letter, sent on behalf of Eurosif and its member SIFs, urges the MEPs to amend the Commission’s legislative proposal in a meaningful way ...
/ Press Releases

SDGs for SRI investors – Eurosif’s survey findings

In 2015, world leaders from different sectors came together to agree on three major sustainability mandates: The Addis Ababa Action Agenda, the 2030 Sustainable Development Agenda, and the Paris Agreement on Climate Change. The basis of those Agreements represents the blueprint for a global stable and sustainable society. Resources and investments need to pour in from all sides and all parties for this to become a reality. How can we mobilise ...
/ Latest News

European Council formally adopts Shareholders’ Rights Directive

Yesterday on Monday the 3rd of April, the European Council adopted the final text of the Shareholders' Rights Directive (2007/36/EC). The Action Plan on European Company Law and Corporate Governance adopted at the end of 2012 by the European Commission aimed to tackle long-term shareholder engagement. The text has since been revised with a view to ensuring that shareholders have timely access to the complete information relevant to general meetings and ...
/ Press Releases

GSIA releases biennial Global Sustainable Investment Review 2016

The Global Sustainable Investment Alliance (GSIA) released its biennial Global Sustainable Investment Review 2016, showing that global sustainable investment assets reached $22.89 trillion at the start of 2016, a 25% increase from 2014. The Global Sustainable Investment Review brings together the results from regional market studies by the sustainable investment forums from Europe, the United States, Canada, and Australia and New Zealand. Market information on Japan was provided by JSIF—Japan ...

Ambition and cohesiveness key to delivering CMU plans

In its response to the latest consultation on the Capital Markets Union (CMU) Mid-term review, Eurosif urged the European Commission to infuse more drive in the CMU policy framework and strive for policy cohesiveness in its strategic plans. The CMU implementation state of play already indicates positive advancements for several actions. These positive results demonstrate the extent to which those actions are likely to spur concrete positive outcomes, helping companies gain easier access ...
/ Latest News

Italy takes the lead on SRI

In the March edition of Valori, Eurosif's Executive Director, Flavia Micilotta, explores sustainable finance, the legislative push at both a European and a Member State level. Read the article in full (click on PDF for full size) ...
/ Latest News

European Parliament votes through the revised Shareholders’ rights directive

Earlier today (14th March 2017), the European Parliament adopted the revised Shareholders' Rights directive, which was presented by the European Commission in April 2014. The revision of the Shareholders' Rights Directive was launched to address the shortcomings in the corporate governance of listed companies identified after the financial crisis. It will contribute to the long-term sustainability of the EU companies; enhance the efficiency of the chain of intermediaries and to ...
/ Latest News, PRIIPs

ESAs publish a joint consultation paper on PRIIPs with environmental or social objectives

On Friday 10th of February 2017, the European Supervisory Authorities (ESAs) launched a consultation on a proposal to set minimum requirements, which manufacturers of packaged retail and insurance-based investment products with environmental or social objectives (EOS PRIIPs) should comply with to ensure that credible products are offered to retail investors. This consultation is in response to a European Commission call for advice. To download the consultation, please click here. The ...
/ Latest News

Disentangling the Finance-Climate-Inequality Nexus

Last week, FIR's President, Thierry Philipponnat, joined a round table, "Disentangling the Finance-Climate-Inequality Nexus", as part of the University of Zurich's "First Conference on Financial Networks and Sustainability". He was joined by Professor Joseph Stiglitz and Sony Kapoor. A video of the debate can be found here ...
/ Latest News

Antonio Tajani elected European Parliament’s President

MEP Antonio Tajani from the European People's Party (EPP) secured the majority of votes yesterday  (17th January 2017) to become the new President of the European Parliament. President Tajani has always believed in how important the social economy is, as a guiding light for the European economy. Sustainable Investment initiatives have been promoted by the European Institutions with a view to supporting and increasing investment in social enterprises. When he ...
/ Latest News

Eurosif joins Commission’s High-Level Expert Group on sustainable finance

As announced back in December, Eurosif's Executive Director, Flavia Micilotta, will join the European Commission's High-Level Expert Group on sustainable finance. The Group is set to start meeting on the 24th of this month and features representatives of civil society, the finance sector and academia. The Expert Group is set to provide, in the course of this year, recommendations for a comprehensive EU strategy on sustainable finance as part of ...
/ Impact Investing, Latest News

Future Brief: Environmental Impact Investment

Today the European Commission has published a Future Brief, featuring Eurosif's research, on environmental impact investment. Future Briefs were introduced in 2011 to provide expert forecasts of environmental policy issues on the horizon. This Future Brief explores research into impact investment, with an emphasis on environmental impact investing in Europe. To download the brief, please click here ...

Eurosif welcomes new report published by FSB’s Task Force on Climate-related Financial Disclosures

Today the FSB’s Task Force on Climate-related Financial Disclosures issued its landmark report with a set of recommendations, applicable to organizations across sectors and jurisdictions. After launching an insightful consultation early this year, the TCFD worked for months to prepare a report which would contain the much awaited recommendations for companies on how to report on climate related issues. The report is finally out today and it lists several concrete ...
/ Corporate Governance, Latest News

Commission welcomes agreement on rules improving corporate governance in EU companies

After a year of negotiations, there is finally agreement on the proposal revision of the rights and duties of shareholders. The end of the trilogue negotiations marks the beginning of a new  set of rules to encourage long-term engagement of shareholders and improve the corporate governance of stock listed EU companies. Further transparency for institutional investors and asset managers in their investment policies will contribute to rendering this directive very strategic ...
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Closing the Sustainability Gap: Investor relations in the spotlight

SustainAbility, a think tank and advisory firm which enable business to lead the way to a sustainable economy, has published its latest report, Closing the Sustainability-Investor Relations Gap. The research makes the case for stronger internal engagement between Sustainability and Investor Relations (IR) teams to enable proactive, integrated communications to investors. In Closing the Sustainability-Investor Relations Gap, SustainAbility highlights five key gaps where Investor Relations and Sustainability teams feel misalignment: ...
/ Corporate Governance, Latest News

UK’s Corporate Governance Green Paper

The UK government publishes a new Green Paper on Corporate Governance. The paper's clear focus is on potential regulatory revisions to shareholder power to set pay, stakeholder involvement on boards, and the governance of private companies, with a view to informing legal changes in 2017. Download the full document here ...
/ Green Bonds, Latest News

Can Green Bonds fuel resource efficient investments in Europe?

Published today, the much anticipated study commissioned by the European Commission presents an overview of green bonds, identifying the key players in the market and their focus, highlighting good practices as well as areas for improvement. With a total issuance volume of USD 53 bn, green bonds risk getting close to USD 100 bn before the year's end. This report looks at how public actors have evolved and highlights the changing ...
/ Latest News, PRIIPs

MEPs vote to delay PRIIPs regulation

On the 28th of November 2016, the Economic and Monetary Affairs (ECON) Committee of the European Parliament approved an amending Regulation to delay PRIIPs for 12 months (therefore moving the set date to January 2018 rather than 2017). This leaves just one final legal step before the process to formally delay the PRIIPs regulation until 2018 can be completed. The European Commission already proposed a 12 month delay to the ...
/ Latest News

IORPs II Directive voted through by MEPs

Today, November 24th 2016, in Strasbourg, MEPs endorsed an informal agreement with the EU Council and Commission and Council on changes to the "Institutions for Occupational Retirement Provision" (IORPs) Directive by 512 votes to 70. The Directive, from 2003, covers certain occupational pension savings. IORPs hold assets worth €2.5 trillion on behalf of around 75 million Europeans and are found mainly in the United Kingdom (55.9 % of IORP assets) ...
/ FNG, Press Releases

FNG Label 2017: first signs of a positive impact on sustainable investment funds

A joint statement from Eurosif member FNG, GNGmbH and Novethic Berlin/Paris, 23 November 2016 – The FNG Label is having a positive impact on the quality of sustainable investment funds, as the results of the second awarding round of the FNG Label clearly demonstrate. 38 mutual funds successfully fulfilled the minimum requirements (2015: 35), thereby meeting the standard for sustainable investment in the German-speaking countries. 7 funds, among them one Green ...
/ Press Releases

Strong Growth in Sustainable and Responsible Investment across Europe

The 7th edition of the biennial Eurosif Market Study reveals double-digit growth for sustainable and responsible investment (SRI). The growth ranges from 30% for stewardship (Engagement & Voting) to 385% for Impact Investment. SRI is growing faster than the broad European investment market (25%) with retail investors returning to the market (up 549% since 2013). At the launch event for its 2016 SRI Study in Brussels, Eurosif reveals the evolution ...
/ Latest News

Responsible Investor: Eurosif finds strong growth in the European SRI market over the past two years

There has been strong growth in the European sustainable and responsible investment market over the past two years, with impact investments particularly buoyant, according to new research from industry body Eurosif. Brussels-based Eurosif, the pan-European membership organization, has released its seventh biennial market study and has found “double-digit growth” for SRI. The growth ranges from 30% for stewardship (Engagement & Voting) to 385% for Impact Investment, Eurosif says, adding: “SRI ...
/ Latest News

‘Tax Transparency by Multinationals’ – a new report from VBDO

On Monday, VBDO published its latest Tax Transparency benchmark, a comprehensive study of 68 Dutch listed companies. The study ranks the multinational companies on the transparency that they provide regarding their responsible tax strategy and its implementation. The methodology of this benchmark is based on the six Good Tax Governance principles, which were published in 2014 by the VBDO and Oikos. These principles are as follows: A. Define and communicate a clear ...
/ Press Releases

Plan launched to tackle European investment crisis

A consortium of European sustainable finance organisations, including Eurosif, has launched a plan to solve Europe’s investment crisis, on the day the European Commission publishes further details of its expert group on sustainable finance. Investment in Europe has still not recovered from pre-financial crisis levels. Yet the report launched today, ‘A Sustainable Finance Plan for the European Union’, points out that the European Union has to massively accelerate investment to ...
/ FIR, Latest News

French SIF (FIR) publishes handbook on Article 173-VI

Article 173-VI of France’s Law on Energy Transition for Green Growth (LTECV) represents major innovation in terms of regulation in the fight against climate change as well as for international investors. The impact on investors’ integration of ESG factors will be seen as of this year. As a committed stakeholder in the drafting of the regulation, the French SIF aims to clarify the principles of this ESG-Climate approach to all ...
/ Latest News

EIB breaks new ground in the area of Green Bond external review

The EIB (the European Investment Bank) takes its commitment to green bonds a step further as it publishes today a comprehensive statement (CAB) featuring its Green Bond activities in 2015 accompanied by an Independent Reasonable Assurance Report issued by KPMG Luxembourg. This step marks the EIB's intention to take transparency, one step further, in the path to standardisation for green bonds. Read more here ...
/ Latest News, UKSIF

The Future of LGPS in the UK

As cited in IPE on the 20th of September, UKSIF Chief executive Simon Howard reiterated his concerns over the powers of the secretary of state to change the direction of investment strategies. UKSIF had already voiced concerns over the blatant exclusion of reference to investment decisions based on extra-financial criteria, which is in contradiction with the Law Commission report on fiduciary duties. Published in 2014, the report recognised these issues as ...
/ Latest News, News & Politics

US and China ratify Paris Agreement

On Saturday the 3rd of September 2016, the United States of America and China - the two largest emitters in the world - formally committed to the Paris Agreement at the G20 summit. In response, Eurosif's Executive Director, Flavia Micilotta, said "Following the formal ratification of United States and China of the Paris climate change agreement, the world hails to what has been described as the long-awaited move, which could really ...
/ Latest News

ECON Committee rejects PRIIPs proposal

Today in Parliament, the Economic and Monetary (ECON) committee dismissed the Commission’s investor protection proposals as flawed and "misleading" before unanimously voting to send the proposals back to the European Commission for revision. The committee's rejection of the PRIIPS delegated act was largely fuelled by concerns that proposed formulas within the Key Investment Document for predicting investment performance were flawed and might make performance look far better than it was likely to be. Shortly afterwards, ...
/ Latest News, Press Releases

Eurosif responds to the launch of the Natural Capital Protocol

Brussels, 13 July 2016 – Today, the Natural Capital Protocol was launched by the Natural Capital Coalition. In response to the launch, Eurosif's Executive Director, Flavia Micilotta says "The work of the Natural Capital Coalition has galvanised all those efforts in what we hope to be a valuable set of tools for investors to be able to have a more holistic understanding of company performance." READ FULL PRESS RELEASE ...
/ Latest News

International Award on Investor Climate-Related Disclosures

The French Ministry of Environment, Energy and the Sea in collaboration with 2°Investing Initiative is organizing the first edition of the International Award on Investor Climate-related disclosures (2°Invest Award), officially launched by Ségolène Royal, President of the COP21, during the 4th Business Dialogue session held in Paris on June 10th, 2016 and the last Business and Climate Summit held in London (June 28th & 29th, 2016) What is the award’s objective? The award aims ...

Next steps in embedding corporate responsibility

VBDO has just published the 2016 edition of its AGM report. Titled 'Next steps in embedding corporate responsibility', the report shows the impact investors can have on listed companies. Read the full report here ...

Mapping the sustainability reporting landscape: Lost in the right direction?

Eurosif's Executive Director, Flavia Micilotta, joined a recent ACCA-CDSB roundtable to discuss the relevance of non-financial reporting to responsible investment ...
/ Latest News

Eurosif on Brexit

After the EU referendum decision to leave, Eurosif is writing to assure you of our continuing intention to promote UK interests in Europe on sustainable finance issues. "Eurosif will continue to provide the interface on EU policy-making for UK SIF members building on the history of strong collaborative work to date. It will be important for Eurosif to support UK based members as any long term implications become clearer ensuring ...
/ Latest News, Press Releases

A new strategic direction for Eurosif

Brussels, 15 June 2016 – Following the appointment of its new Executive Director, Flavia Micilotta in December 2015, the EUROSIF board has agreed a new strategy for the organisation and as part of that process also revised Eurosif’s mission and adopted a new statement of the organisation’s purpose. This revision of the mission, purpose and strategy for Eurosif ensures that the organisation remains at the centre of Europe’s policy setting ...
/ Latest News

Frenchsif in the news: Can Sustainable Investment become more efficient?

6 June 2016 - Frenchsif President Thierry Philipponnat, was interviewed  in the column: "Financial Experts Interviews" of the outlet Le Revenu ...

EU Policy Conference: Can long-term investing unlock the potential of the CMU? Towards a Sustainable Capital Markets Union

Eurosif, the European Forum for responsible Investing and the Italian Sustainable Investment Forum – Forum per la Finanza Sostenibile – with the kind collaboration of MEP Flavio Zanonato (S&D, IT) organised on the 1st of June 2016 a conference on Long-Term investment as part of the Capital Markets Union. In view of the European Commission’s recent release of its Capital Markets Union (CMU) Action Plan defining the building blocks of ...
/ Press Releases

Welcome to Sustainable Nation Ireland

Dublin, 7 June 2016 - A new organisation devoted to the development and promotion of Ireland as a world-leading hub for sustainable and responsible businesses & investment, comes into being today. Sustainable Nation Ireland has been established from the merging of several existing bodies to help transition Ireland to a low-carbon future – a mutli-billion-euro investment opportunity for innovation, learning and responsible business to flourish. Forming part of the Irish ...
/ Latest News

The European context supports the growth of SRI – Flavia Micilotta Interview at L’ essentiel de l’ISR

Flavia Micilotta is the new Director of Eurosif. She arrived in late 2015 to head the European Sustainable Investment Forum and outlines as a mission to promote responsible investment in an enabling environment that will be culminate, by the end of the year, with the publication of the European figures in the SRI market. Non-financial reporting, climate-related disclosures, debate on tax transparency, the main themes of Sustainable and Responsible Investment are on the first line ...
/ Latest News

One third of the investment market in Spain is socially responsible

Monday 22 May 2016 - One third of the investment market in Spain, some 125,000 million euros, is managed with socially responsible criteria, according to Spainsif's  President Jaime Silos, who highlights that this trend is growing "very significantly" . In an interview with EFE-RSC, Mr Silos indicated that Spainsif's members - the association which promotes socially responsible investment (SRI) in Spain has grown exponentially, from 34 to 54 members in ...
/ Latest News

Mirova obtains the new “Energy and Ecological Transition for Climate” label for its three funds

23 May 2016 - Frenchsif member Mirova, an asset management company dedicated to responsible investment, today announced that the Mirova Environmental Europe Equity Fund, Mirova Green Bond– Global and Mirova-Eurofideme 3 funds have been awarded the new “Energy and Ecological Transition for Climate”, audited by Ernst & Young. Mirova’s three core flagship funds allow it to be recognised as a pioneering and demanding player in the financing of energy transition ...
/ Latest News, Press Releases

Above-average growth for sustainable investments in Germany, Austria and Switzerland

Berlin/Vienna/Zurich, 11 May 2016 – In 2015, there was strong growth in the volume of sustainable investments in Germany, Austria and Switzerland. This is clearly shown by the annual statistics from the industry association Forum Nachhaltige Geldanlagen (FNG). According to these, investments taking into account not just financial but also environmental and social criteria have seen growth of 65 per cent, up to 326 billion euros. In all three countries, ...
/ Latest News

Eurosif replies to Task Force on Climate-Related Financial Disclosures Consultation

2 May 2016 - Seeking to facilitate a discussion on the development of a set of voluntary, consistent climate-related financial disclosures for use by companies across industries, the TCFD has launched at the beginning of April its Phase I public consultation on the subject. The survey aims to gather input to guide the taskforce's thinking throughout the year as it develops recommendations to support the industry and enhance transparency. Eurosif published today - 2nd of May - its reply to this consultation. ACCESS ...
/ Latest News

Sustainable Nation Ireland joins Eurosif

29 April 2016 - Along a breakfast seminar hosted yesterday in Dublin and in partnership with the IIEA and CDP Ireland, leading SRI industry panellists came together to discuss Ireland’s opportunity as a focal point of global capital flows into sustainability. The occasion also marked the onboarding of Sustainable Nation Ireland to Eurosif. READ MORE ...
/ Press Releases

EUROSIF supports the Commission’s efforts to enable investors through public CbCR

Brussels, 12 April 2016 – The European Commission just published today 12 of April, its proposal on disclosure of income tax information by multinational corporations, after having conducted its impact assessment. Although not immediately obvious, the issue of corporate taxation features high on the agenda of the investors’ community, particularly of those long-term focused investors, represented at Eurosif. READ FULL PRESS RELEASE ...
/ Latest News

Public CbCR: a much needed tool for investors

The European Commission is about to publish its upcoming proposal on disclosure of income tax information by multinational corporations on the 12th of April, after having conducted its impact assessment. Although not immediately obvious, the issue of corporate taxation features high on the agenda of the investors’ community, particularly of those long-term focused investors, represented at Eurosif. As highlighted in our position on CbCR, issued in July 2015, Eurosif and ...
/ Latest News

Frenchsif SRI Breakfast: CO2 Bonds

Abdeldjellil Bouzidi, economist, lecturer at Paris 3 and Emena Advisory CEO, presented during a morning panel held on April 5th in Paris, an innovative financial product: CO2 Bonds. Next to him, Dominique Bureau, Director General of the CESD and Philippe Zaouati, CEO of Mirova, gave their vision on this new type of bond and many questions came from the audience. Exchanges were animated by Thierry Philipponnat, President of Frenchsif (FIR). Presentation d’Abdeldjellil Bouzidi Article ...
/ Latest News

GSIA Annual Summit 2016

Last week, during a 2-day summit, the Global Sustainable Investment Alliance (GSIA) met in London, where the respective CEOs from Eurosif, RIAA (Australasia), UKSIF, US SIF and VBDO (Netherlands) discussed the latest global developments in sustainable finance. The two day summit took place between the 7 and 8 of March included an informal drinks reception sponsored by Aviva investors. During this event, the GSIA heads gave and overview of activities in their respective ...
/ Latest News

Call for sponsors: Eurosif SRI Study 2016

Eurosif is currently looking for sponsors for the 7th edition of its landmark SRI Market Study in 2016. Interested parties may contact Eurosif Executive Director, Flavia Micilotta at: flavia.micilotta@eurosif.org and + 32 (0) 2 274 14 35. ACCESS THE CALL ...
/ Latest News, Press Releases

Eurosif welcomes newly appointed VBDO managing director Angélique Laskewitz

Angélique Laskewitz has been appointed as the new managing director of the Dutch Association for Sustainable Investors as of March 1st. Laskewitz will fill the vacancy left by former director Giuseppe van der Helm. Utrecht, 1 March 2016 – Laskewitz held various roles in change management, Human Recources and governance-related management and consulting roles at financial services providers such as RVS, AMEV, Fortis Bank Netherlands, BNP Paribas Fortis and ASR ...
/ Latest News

EU Climate Commissioner to visit Helsinki to discuss climate legislation and the implementation of the Paris Agreement

Commissioner for Climate Action and Energy, Miguel Arias Cañete, will visit Helsinki, Finland, tomorrow on 9 February to discuss energy security, clean energy, EU energy and climate legislation and the implementation of the Paris Agreement. Commissioner Arias Cañete will meet with the Members of the Grand Committee (EU-affairs committee) of the Parliament of Finland. He will also meet with Mr Olli Rehn, Minister of Economic Affairs as well as with Mr Kimmo Tiilikainen, Minister of ...

EUROSIF applauds European legislator for taking stronger stand in favour of fairer taxation

The European Sustainable Investment Forum strongly backs the European Commission in its effort to put in place a fairer and more efficient system for taxation. Brussels, 28 January 2016 – The European Commission has issued today a legislative package aiming to combat aggressive tax practices by large companies efficiently and effectively. The Anti-Tax Avoidance Package is built around three pillars: Ensuring effective taxation in the EU Increasing tax transparency Securing ...
/ Capital Markets Union, Latest News

Is France leading the way on ESG investors’ mandatory reporting?

The European Commission’s set of priorities to boost development revolve around jobs and growth, as outlined in the Green Paper ‘Building a Capital Market Union’ published in February last year. Building stronger capital markets to help reduce reliance on banks for funding, while complementing their role. Part of the measures set out to develop and integrate capital markets focus on increasing and diversifying the sources of funding. To this end, ...
/ Latest News

Energy Productivity Index for Companies

In the context of the work of a G20 working group dedicated to energy efficiency finance UNEP-FI, PRI and CERES  mobilised investors managing close to $4 trillion to support the G20 Energy Efficiency Investor Statement and over 100 banks from 42 countries supporting a parallel Statement on Energy Efficiency. Towards implementing the Energy Efficiency Investor Statement also presented at COP21, Climateworks Australia in collaboration with CalSTRS have developed a tool to help investors identify and ...
/ Latest News

BELGIUM: Sustainable Investment reaches historic height

Forum Ethibel reports that never before has the Belgian long term placement and savings market been this large. In 2014, the long-term capital invested has increased by almost 4 billion euros, despite scarcity in sustainable investment products. In addition, long-term savings are more and more an option to consider, as shown by Forum Ethibel's newly published report  commissioned by Milieurapport Vlaanderen MIRA . READ FULL PRESS RELEASE ...
/ Latest News, Press Releases

EUROSIF adopts position on Capital Markets Union Action Plan

The European Sustainable Investment Forum calls for more ESG transparency, legislative coherence and a clearer definition of fiduciary duty on CMU Action Plan. Brussels, 14 December 2015 – Eurosif, the leading pan-European sustainable and responsible investment (SRI) membership organisation, welcomes the recent publication of the European Commission Action Plan on a Capital Markets Union and highlights this opportunity for building the foundations of a Sustainable Capital Markets Union. READ FULL ...
/ Latest News

COP21: The Paris Agreement adopted: a game changer?

In the aftermath of the end of negotiations in Paris, we take a closer look at the real and most significant outcomes. The Agreement itself is a legally binding treaty on climate action, which, applies to 187 countries and focuses on emission reduction starting as of 2020. A number of decisions and a number of governing bodies are to be put in place in order to give substance to the ...
/ Latest News

Eurosif at Sustainable Innovation Forum (SIF15) at COP21

On 7th and 8th December Eurosif attended the Sustainable Innovation Forum (SIF15) in Paris, the largest business-focused side-event at COP21 organised by Climate Action and UNEP. This engaging and interactive conference gathered over 750 participants representing businesses, start-ups, investors, governments, academia, media, NGOs and civil society. The aim was to showcase innovative solutions to the climate challenge, to foster dialogue and collaboration, and bring scale to the emerging green economy ...
/ Latest News, Press Releases

EUROSIF appoints new Executive Director

Ms Flavia Micilotta appointed as new Executive Director of EUROSIF, the leading pan-European sustainable and responsible investment membership organisation. Brussels, 1 December 2015 – EUROSIF has today announced the appointment of Ms Flavia Micilotta as its new Executive Director. Ms Micilotta joins from the Brussels based Foreign Trade Association (FTA), the umbrella organisation that promotes social compliance (BSCI) and environmental performance management (BEPI), where she worked as Sustainability Consultant. (...) ...
/ Latest News

Eurosif at Greens/ EFA Conference on Promoting Environmentally and Socially Sustainable Investment

Last Thursday November 19, Thierry Philipponnat, Frenchsif President and Eurosif bureau member represented Eurosif in a panel focusing on legislation promoting sustainable investment practices in different EU member states. The panel was part of the event “Promoting environmentally and socially sustainable investment” organised by the Greens/EFA group MEPs Sven Giegold, Karima Delli and Bas Eickhout. The panel was also complemented by Eurosif's Dutch member VBDO, represented by Frank Wagemans who gave an overview ...
/ Latest News

VBDO: Launch of questionnaire on international sustainability benchmark in financial sector

Eurosif's Dutch member, the Association of Investors for Sustainable Development (VBDO), with support of the Dutch Ministry of Foreign Affairs, is currently assessing the feasibility of an international sustainability benchmark in the financial sector. The goal of these benchmarks is to stimulate financial institutions in enhancing their sustainability performance. This feasibility study aims to identify in which financial sub-sector and on which theme a benchmark will be most effective to ...
/ Latest News

Spain: VI Edition of Spainsif Annual Event – Impact investments, new mechanisms of social and environmental development, with an increase of 132% in Europe in the last two years

The sixth edition of Spainsif's annual event, a point of reference in the Spanish SRI community focused on new trends: impact investments as economic development drivers with 20.3 billion euros mobilised in Europe. [...] READ FULL PRESS RELEASE ...
/ Latest News

Eurosif members and affiliates participate in pan-European consortium launching sustainable investment training course for financial advisers.

The German, Austrian, Lichtenstein and Swiss Sustainable Investment Forum (FNG) and the UK Sustainable Investment and Finance Association (UKSIF) as well as Ethix SRI Advisors, Kalaidos University and Novethic participate in a consortium – part of the Lifelong Learning Programme supported by the European Commission – aiming to train financial advisers and other finance professionals with an interest in sustainable and responsible investment. The consortium of nine European partners has ...

Sustainable investment markets in Germany, Austria and Switzerland reach record high

For ten years, the FNG market report has been documenting the sustainable investment success story. Sustainable investment market in Germany, Austria and Switzerland reaches record level of 197.5 billion euros – Growth of 47 per cent on the previous year – Exclusion criteria have entered the mainstream – Impact investment strategy showing particularly strong growth, up 74 per cent Berlin/Vienna/Zurich, 13 May 2015 – 2014 has added yet another successful ...
/ Press Releases

Global Investors Urge European Parliament to Adopt Stronger Conflict Minerals Regulation

Investors call for important changes to proposed EU regulation Brussels, Belgium / San Francisco, USA, 13 May – Today, with the European Parliament preparing for its final vote on the European conflict minerals regulations next week Wednesday, a group of 24 global, sustainable, and responsible investors and investment organisations call upon the Parliament to make the proposed regulation stronger by expanding the scope of the legislation to ensure that all companies placing minerals on ...
/ Latest News, Press Releases

The European Sustainable and Responsible Investment Forum calls for Sustainability as 6th Principle to Capital Markets Union

The European Sustainable Investment Forum (Eurosif) urges EU policy-makers to deliver a Capital Markets Union meeting investors’ growing concerns for sustainability issues and contributing to growth that serves EU citizens and the real economy. Brussels, 12 May 2015 – As momentum is growing around the Capital Markets Union (CMU) initiative and the deadline for the consultation about the recent Green Paper is only a few days away, Eurosif, the premier ...
/ Press Releases

Group of Investors Urge European Union to Adopt Stronger Conflict Minerals Legislation

Investors Representing More Than €855 Billion Recommend Changes to Proposed EU Regulation BRUSSELS, BELGIUM / SAN FRANCISCO, U.S.A. – Yesterday, global sustainable and responsible investors and investment organisations representing more than €855 billion in assets under management sent a joint statement to the European Commission, the European Parliament, and the European Council.(...) READ FULL PRESS RELEASE ...
/ Latest News, Policy Positions

Investor Statement on EU Proposed Conflict Mineral Regulation

We commend the Directorate General for Trade on its proposed regulation concerning corporate conflict minerals due diligence and reporting and note the proposal’s focus on various geographies where the trade in natural resources fuels conflict.[1] In significant ways, the proposal stands to broaden corporate attention to the human rights impacts of supply chains.(...) Download the full statement here ...
/ Press Releases

Press Release: 6th Sustainable and Responsible Investment Study 2014

Double-digit growth of the European Sustainable and Responsible Investment (SRI) market signals change in investors’ mindset All responsible investment strategies have grown at double-digit rates between 2011 and 2013, faster than the broad European investment market. Growth rates range from +22.6% (Sustainability themed) to +132% (Impact investing). This compares to an estimated +21.7% for the broad European investment market. October 9, 2014, Brussels – EUROSIF, the European Sustainable Investment Forum, ...
/ Latest News

Press Release – European Legislation on Non-Financial Information

Eurosif welcomes the results of the vote by the European Parliament on legislation requiring the disclosure of non-financial and diversity information by certain large European companies ...
/ Press Releases

Newly Approved European Legislation on Non-Financial Information Disclosure Sends Strong Signals to Companies, but Falls Short of Responsible Investors’ Expectations

Eurosif welcomes the results of the vote by the European Parliament on legislation requiring the disclosure of non-financial and diversity information by certain large European companies. The newly approved European Legislation on Non-Financial Information Disclosure sends strong signals to companies but falls short of responsible investors expectations. Read the full press release here ...
/ Latest News

EU revises Shareholder Rights Directive to counter short-termism

Eurosif welcomes the European Commission’s Proposal to amend the Shareholders’ Rights Directive (2007/36/EC), which was released earlier today. Download the press release here ...
/ Press Releases

Proposed European Legislation Tackles Responsibility of Institutional Investors and Intermediaries in Fostering Long – Term Sustainable Growth

Eurosif (the European Sustainable and Responsible Investment Forum) welcomes the European Commission’s Proposal to amend the Shareholders’ Rights Directive (2007/36/EC), which was released earlier today. Download the press release here ...
/ Latest News

Eurosif April 2014 Newsletter Now Available

In this issue: Save the Date: Eurosif's 2014 Annual Event; 2014 Global Sustainable Investment Alliance Summit in Utrecht. If you have any queries regarding the newsletter, please contact contact@eurosif.org. Read the Newsletter in our Media section ...
/ Latest News

Eurosif’s First 2014 Newsletter Now Available

In this issue: Call for Sponsors: 2014 European SRI Market Study; Non-Financial Disclosure Proposal Update; Consultation on Best Practice Principles for Governance Research Providers. If you have any queries regarding the newsletter, please contact contact@eurosif.org. Read the Newsletter in our Media section ...
/ Latest News

Eurosif’s November 2013 Newsletter Now Available

In this issue: Launch of European ESG Engagement Report - Call for Action: 2014 European SRI Market Study Sponsorship - JURI's Draft Report on the EC's Non-financial and Diversity Disclosure Proposal If you have any queries regarding the newsletter, please contact contact@eurosif.org. Read the Newsletter in our Media section ...
/ Latest News

EU Insider Now Available to Member Affiliates

Issue seventeen of Eurosif's EU Insider is now available to Member Affiliates here. The EU Insider is a comprehensive digest of Eurosif's contributions to recent and current EU initiatives and consultations relating to the promotion of sustainability in financial markets. Please email contact@eurosif.orgif you need a reminder as to your user name and password ...
/ Press Releases

Shareholder Stewardship: European ESG Engagement Practice 2013

During its first European SRI Symposium on 24 September 2013 in Brussels, Eurosif unveiled its latest report entitled “Shareholder Stewardship: European ESG Engagement Practices 2013". The report demonstrates that investor dialogue with companies regarding material environmental, social and/or governance (ESG) issues has the potential to deliver value by generating profits, reducing risks and negative ESG externalities, encouraging better business practices, changing ethical behaviour and improving reputations. Download the press release here ...
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Shareholder Stewardship: European ESG Engagement Practices 2013

During its first European SRI Symposium on 24 September 2013 in Brussels, Eurosif unveiled its latest report entitled “Shareholder Stewardship: European ESG Engagement Practices 2013". The report demonstrates that investor dialogue with companies regarding material environmental, social and/or governance (ESG) issues has the potential to deliver value by generating profits, reducing risks and negative ESG externalities, encouraging better business practices, changing ethical behaviour and improving reputations. Download the full report ...
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Eurosif’s September 2013 Newsletter Now Available

In this issue: Last chance to Register for Eurosif's Annual Event and first European SRI Symposium, over 90 participants/delegates so far! Launch of European ESG Engagement Report - Call for Action: 2014 European SRI Market Study  sponsorship If you have any queries regarding the newsletter, please contact contact@eurosif.org. Read the Newsletter in our Media section ...
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Eurosif response to IIRC Consultation

Proposed framework offers a strong basis for a combined approach to corporate reporting as one of the levers to embed sustainability in corporate strategy & management practices. July 9, 2013, Brussels, Belgium:  Eurosif has been a longstanding advocate of non-financial disclosure and reporting. In its response to the European Commission consultation on non-financial reporting in January 2011, Eurosif has been already supportive of the concept of integrated reporting. Learn more and download ...
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Eurosif’s July 2013 Newsletter Now Available

In this issue: Register for Eurosif's Annual Event and first European SRI Symposium. Exceptional line-up of speakers expected! If you have any queries regarding the newsletter, please contact contact@eurosif.org. Read the Newsletter in our Media section ...
/ Press Releases

Proposed European legislation on non-financial reporting is an opportunity for the European economy

says a leading group of European and international investors, including asset managers, pension funds and other asset owners. June 19, 2013, Brussels, Belgium: Eurosif, Eumedion, CDP, CDSB, EFFAS, UNEP-FI, ICGN and IIGCC strongly support the European Commission proposal published on April 16th mandating large European companies to report material non-financial information and their diversity policy in their annual reports. While some aspects of the proposed legislation can be strengthened, the legislation ...
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The high-level multi-stakeholder roundtable co-hosted by MEPs Richard Howitt and Raffaele Baldassarre, took place on the 4th June 2013 at the European Parliament in Brussels. Download the Press Release here ...
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Eurosif and the national SIFs launch the third version of the European SRI Transparency Code.

18 February 2013, Brussels - Eurosif and the national SIFs launch a new, more user-friendly version of the European SRI Transparency Code reflecting recent market developments and further responding to the success of the Code. Read the full Press Release, (PDF) (English)  ...
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EU Insider Now Available to Member Affiliates

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Global Sustainable Investment Alliance Issues first international assessemnt of the Sustainable Investment landscape

The release of the report marks the launch of the Global Sustainable Investment Alliance and its website. WASHINGTON, DC—The Global Sustainable Investment Alliance (GSIA) today released a report on the size and trends within the sustainable investment industry which finds that globally at least US$ 13.6 trillion worth of professionally managed assets incorporate environmental, social and governance (ESG) concerns into their investment selection and management. Read the full Press Release (PDF) ...
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Eurosif launches the 2012 HNWI and Sustainable Investment Study

The study examines the sustainable investment strategies used by wealthy families in their asset allocations and the extent to which they integrate environmental, social and governance (ESG) issues into their investment decision-making and ownership practices.The 2012 HNWI study shows that wealthy Europeans are deepening and expanding their commitment to Sustainable Investments and Impact Investing Read the Press Release (PDF) (English) (French) ...
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Eurosif announces its position on Sustainable and Responsible Investment (SRI) disclosure in Key Information Documents for investment products.

Eurosif has increasingly brought attention to the need for retail investment disclosure on environmental, social and governance (ESG) issues in the investment process, as a natural complement to extra-financial disclosure by companies. In our response to the PRIPs consultation in February 2011, Eurosif strongly supports the development of KID, a pre-contractual document that includes the critical information needed for retail investment decision making. To learn more download Eurosif’s position here ...
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Eurosif responses to the European Commission Consultation: Undertakings for Collective Investment in Transferable Securities (UCITS).

The response has been developed as a part of Eurosif’s aims to develop sustainability through European financial markets. Eurosif focuses on fostering a culture of long--term investment in Europe and is supportive of the renewed attention on long--term investing as a mechanism for generating sustainable growth in Europe. Download Eurosif’s response here ...
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5th EUROSIF SRI Study Shows Continuing Growth and Sophistication of Sustainable and Responsible Investment.

4 October 2012, Brussels – EUROSIF, the European Forum for Sustainable Investment, today releases its 5thSustainable and Responsible Investment Study, The 2012 study reports detailed figures against the most common sustainable and responsible investment strategies adopted by European investors and shows that each of these has outgrown the overall market since 2009. Download the European SRI Study 2012 (PDF) and the Press Release (PDF)  ...
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Eurosif Supports Landmark European Commission Proposal Promoting ESG Investment Disclosure

PRESS RELEASE 30 July, Brussels - Eurosif, the European Forum for Sustainable Investment, strongly supports the Proposal* of the European Commission, for a Regulation making it mandatory for retail investors to be informed about how environmental, social and governance (ESG) concerns are taken into account in their investment, whether in a mutual fund or other investment-linked products. Eurosif believes that this Proposal represents a major milestone in terms of developing sustainability through European ...

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