Follow Us

Follow us on Twitter  Follow us on LinkedIn

13 December 2019

IPE: PensionsEurope, Efama positive on Green Deal, but ESG data still an issue

PensionsEurope and Efama have reacted positively to a new climate change-driven growth strategy unveiled by the European Commission this week, although they said the success of the EU sustainable finance agenda required tackling issues to do with the availability and quality of environmental and other data on investee companies.

The Principles for Responsible Investment (PRI) also welcomed the Commission’s European Green Deal, which sets out the new Commission’s strategy for environmentally and socially sustainable economic growth.

The Commission said it covered all sectors of the economy, name-checking transport, energy, and buildings, and industries such as steel and cement.

A specific goal of the Green Deal is to make the EU climate-neutral by 2050, with the Commission pledging to present a bill by March next year to enshrine the objective into legislation. This was “to provide predictability for investors,” among other ends, it said. Other planned measures include putting forward a proposal for a carbon border tax, and a “circular economy action plan”.

The European Council has since endorsed the 2050 net-zero objective in a move that was hailed by investors.

Full news on IPE

© IPE International Publishers Ltd.

< Next Previous >
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information

Add new comment