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02.02.2018 15:06 Age: 258 days
Category: Press Releases

BETTER FINANCE Welcomes EC Roadmap towards a More Sustainable Economy but Once Again Deplores Failure to Take the Interests of EU Citizens as Pension Savers and Individual Investors into Account

Whereas BETTER FINANCE welcomes the report of the European Commission’s High-Level Expert Group (HLEG) on Sustainable Finance as a step in the right direction to promote a cleaner and fairer economy, it is also disappointed in the fact that the report essentially fails to address information and governance issues for sustainable finance products.

BETTER FINANCE and EU citizens as pension savers and individual investors, by their very nature, are strong supporters of ‘sustainable finance’: they are parents and citizens who want to leave a greener and better planet for their children, whose main saving goals - such as retirement, housing and transmission of wealth - are long-term oriented and need a sustainable economy and environment.

Whereas the final HLEG report rightly widens the scope of sustainable finance to include social and governance issues besides criteria on environment and climate change, it fails to include any reference to the most basic of requirements for sustainable finance, i.e. fair, transparent, clear and non-misleading investor information. This is unfortunate since BETTER FINANCE had been heard by the Group at its request and had also publicly stressed this issue at the time of the Interim Report.

Read the full press release here.


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