KPC analyses legislative proposals by the European Commission
As part of its advisory mandate for the German Federal Ministry of the Environment , Nature Conservation and Nuclear Safety (BMU), KPC has analysed the 4 initiatives of the legislative proposals put forward by the European Commission on 24 May 2018 as first step to implement the comprehensive EU Action Plan on Sustainable Finance. While the analysis focusses on the ambition of the package in terms of contribution to European (or global) environmental objectives, such as the the Paris Agreement and the Sustainable Development Goals (SDGs) of the United Nations, it also presents a structured overview on the main elements of the proposals with regards to the EU sustainability taxonomy, investor duties, integration and disclosure of environmental, social and governance (ESG) issues, as well as low carbon benchmarks.
KPC has also contributed to an internal discussion of BMU experts in late June 2018, to discuss different view points on a proposal for the EU sustainability taxonomy. The categorization, to be gradually elaborated by a technical expert group convened by the European Commission over the next years aims to elaborate uniform definitions for sustainable investments in the EU, but also influencing global harmonisation efforts. The initial focus will be clearly on climate change mitigation and adaptation sectors.Back to NEWS-Overview