European Commission edges closer to ‘sustainability’ investment rules
The commission has called for technical advice on measures to apply sustainability risk assessments to investment decisions.
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Rules that would compel investors to integrate sustainability risks into their decision-making have taken another step closer to being imposed.
The European Commission has called for advice on the new measures from the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA). If the advice returns positive, the new rules are likely to go ahead.
A letter to ESMA and EIOPA asks for views on rules that have the "aim of incorporating sustainability risks, i.e. environment, social and governance risks in the decisions taken and processes applied by financial market participants s
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