On 18 June 2019, the Technical Expert Group (TEG) published its report on Climate Benchmarks and Benchmarks’ ESG Disclosures. The report recommends a list of minimum standards for the methodologies of EU Climate Transition and Paris-aligned benchmarks addressing the risk of greenwashing, and disclosure requirements to improve transparency and comparability of information across benchmarks not only regarding climate-related
BETTER FINANCE welcomes the report from ESMA on the cost and performance of retail financial investment products in the EU that provides an initial mapping of the current state of the market concerning UCITS, AIFs and structured retail products (SRPs). This annual statistical report complements the other valuable research releases by ESMA – i.e. the
As representative of investors and financial services users, BETTER FINANCE has raised concerns regarding the PRIIPs KID legislative framework in terms of investor protection and in particular the fact that standardised, easily comparable and long-term past performance data (of both the product and its chosen benchmark) are eliminated under the PRIIPs delegated regulation. The elimination
BETTER FINANCE welcomes the opportunity to comment on the Commission’s proposal on low carbon benchmarks and positive carbon impact benchmarks released as part of the Sustainable Finance Action Plan of the European Commission. EU citizens as savers and individual investors are the main provider of long term funding to the EU economy and are mostly
Investment firms shall act in accordance with the best interest of their clients and as such, when providing investment advice and portfolio management, they must disclose information on the ESG of each financial product offered to the client before providing investment services. The asset managers must explain to the client how his or her ESG
This proposal aims at integrating ESG considerations into the investment and advisory process to ensure that financial market participants (UCITS, AIFMs, IORPs, EuVECA and EuSEF managers and investment firms) that receive a mandate from their clients or beneficiaries to take investment decisions on their behalf would integrate ESG into their internal processes and inform their
EU citizens as savers and individual investors are the main provider of long term funding to the EU economy and are mostly by nature long term oriented, as their needs are often long-term ones: pension, home purchase, children education, etc. Therefore, they are concerned with the impact of the investment of their savings on sustainability.
BETTER FINANCE commented on the current legislative framework on public reporting of companies. As a representative of individual investors and financial services users in Europe, BETTER FINANCE focused its feedback on the financial reporting framework for listed companies and for banks and insurance companies.
BETTER FINANCE commented on the current legislative framework on public reporting of companies. As a representative of individual investors and financial services users in Europe, BETTER FINANCE focused its feedback on the financial reporting framework for listed companies and for banks and insurance companies.
BETTER FINANCE welcomes this opportunity to comment on the proposal for a regulation establishing the programme for a single market and competitiveness of enterprises which will continue to support the specific activities covered by the 2017-2020 Capacity-Building Programme enhancing the involvement of consumers and other financial services end-users in Union policy-making, as set out in