{"id":16857,"date":"2017-07-20T09:48:11","date_gmt":"2017-07-20T07:48:11","guid":{"rendered":"https:\/\/preprod.i4ce.org\/2017\/07\/20\/i4ce-welcomes-the-publication-of-the-eu-high-level-expert-group-on-sustainable-finances-interim-report\/"},"modified":"2022-10-07T16:29:09","modified_gmt":"2022-10-07T14:29:09","slug":"i4ce-welcomes-the-publication-of-the-high-level-expert-group-on-sustainable-finances-interim-report","status":"publish","type":"post","link":"https:\/\/staging.i4ce.org\/en\/i4ce-welcomes-the-publication-of-the-high-level-expert-group-on-sustainable-finances-interim-report\/","title":{"rendered":"I4CE welcomes the publication of the EU High Level Expert Group on Sustainable Finance\u2019s Interim Report"},"content":{"rendered":"

The publication of the EU High Level Expert Group on Sustainable Finance<\/em>\u2019s Interim Report <\/a>marks the end of the first phase of this group\u2019s work \u2013 and the beginning of a much-needed dialogue with the European financial community as to why taking sustainability materially into consideration is essential.<\/p>\n

In September 2016, the European Commission established the High-Level Expert Group (HLEG) on sustainable finance with the objective to provide a roadmap towards a sustainable financial system that fosters sustainability in economic, social and environmental developments. The creation of this group followed on the heels of the events in 2015 culminating in the Paris Agreement and the 2030 Agenda for Sustainable Development. In both processes, the important role the financial sector has to play to help meet both climate and sustainable development objectives has been increasingly brought to the fore \u2013 with UNFCCC Parties agreeing that all financial flows should be consistent with a pathway towards low-emissions, climate-resilient development (Article 2.1(c)).<\/p>\n

Achieving both climate and sustainable development in practice will require substantial changes in both how the \u201creal economy\u201d and the \u201cfinancial system\u201d conducts business. In this interim report, the HLEG has in many instances focused on climate change as a pressing sustainability challenge that can provide examples for addressing the broader sustainability agenda. The report has taken both a bottom-up and top-down approach to sustainable finance, looking on one hand at what changes may be needed within the financial system \u2013 and on the other hand the role for EU regulatory and financial policy framework and key market participants and facilitators (although further attention \u2013 such as what role for Central Banks \u2013 could be given).<\/p>\n

I4CE fully supports the report’s focus on the two imperatives of:<\/p>\n