ESG Disclosure Landscape for Banks and Capital Markets in Europe
21 April 2021
AFME is a strong supporter of the EU’s aim to be a leader in driving the development of a more sustainable financial system, including via the implementation of its Sustainable Finance Action Plan and the European Green Deal.
AFME has established the Sustainable Finance Steering Committee that
meets regularly to discuss, debate and develop strategies for increasing
the role of environmental, social and governance (ESG) considerations
in wholesale finance.
Key areas of focus for AFME on Sustainable Finance include:
- Development of coherent and holistic EU strategy to direct private capital to sustainable investment
- Enhancement
of ESG Reporting and Disclosure at the EU and globally (in the context
of planned review by the EC of the Non-Financial Reporting Directive
(NFRD)
- Finalisation of the EU Taxonomy for green activities at
the legislative level and development of its usability for capital
markets transactions
- Pragmatic and risk-sensitive integration of
ESG considerations into banking prudential and supervisory frameworks
(in the context of the EBA mandates to the European Commission)
- Support
incorporation of ESG and Sustainable Finance considerations across
various capital markets product areas and business functions
AFME
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