The first binding regulations deriving from the EU Action Plan on Sustainable Finance demand that financial institutions adapt a series of policies, management processes, marketing materials, and disclosure processes by 2021:
These regulations entail a major paradigm shift in terms of how financial institutions address sustainability issues. What was deemed to be best practice yesterday – such as the integration of sustainability issues into investment decision-making processes – has now become the baseline regulatory expectation for access to market. Financial market players need to find practical solutions to address complex concepts such as sustainability risk and principle adverse impacts – and this on the basis of ESG data that rarely meet the requirements of financial institutions.
ECOFACT assists senior managers and decision-makers in focusing on key action items by prioritizing them. We have an in-depth understanding of what needs to be done to implement regulatory requirements pertaining to sustainable finance and corporate responsibility. And we have unique expertise when it comes to establishing policies and processes to address sustainability issues and related principle adverse impacts in the context of financial institutions’ operations.
ECOFACT’s ambition is to be a catalyst in the transition towards a sustainable economy. We write, organize events, develop products and services. Be the first to know.