Communication

Press release – Publication of CMU Proposals, a milestone reinforcing sustainable finance

25 November 2021

One year after the publication of the 2020 Capital Market Union Action Plan, the European Commission released today a set of four awaited legislative proposals : The European Single Access Point (ESAP), the European Long-Term Investment Funds (ELTIFs), the Alternative Investment Fund Managers Directive (AIFMD) and the Markets in Financial Instruments Regulation (MiFIR).

Eurosif is very supportive of this package, offering a significant opportunity to foster much needed long-term investment to underpin recovery and growth in Europe after the Covid-19 crisis and plan for the long road towards a carbon neutral economy aligned with the objectives of the Paris Agreement.

Victor van Hoorn, Executive Director of Eurosif “The ESAP provides a great opportunity for Europe to improve structurally investors' access to ESG data and ensure a wider dissemination of improved data that will be reported by companies under the new CSRD, and the EFRAG sustainability reporting standards currently being developed. This will allow for example financial institutions to deliver much more tangibly and convincingly on their net-zero commitments announced at COP26."

For any questions or comments, please, contact us at :

Marie Lavayssiere, Communication & Events Manager – marie.lavayssiere@eurosif.org