Politco: EU green finance plans may be pushed back three months

27 May 2020

The European Commission may delay its proposals to boost green finance as the coronavirus crisis derails its timetable, according to an internal document seen by POLITICO. Delays likley for other files.

The EU executive body is due to publish its updated work program tomorrow to take account of changed priorities due to the COVID-19 pandemic.

A draft version of the document shows the renewed sustainable finance strategy earmarked for the fourth quarter of the year instead of the third.

A proposal to revamp the nonfinancial reporting directive — by which companies disclose their environment, social and anti-corruption policies — also will be set back by a quarter, to early 2021.

The Commission already has extended public consultations on both initiatives by a month during the crisis.

Other financial-services policies, including financial technology and payments, appear to be back on track for the third quarter. An April version of the document suggested those matters could drop down the priority list.

more at Politico


© POLITICO