ACEPI is committed to disseminating the culture of sustainability among its members and to other stakeholders and promoting a responsible approach to investments, with particular reference to environmental, social and governance (ESG) topics.
Indeed, sustainable finance is the application of the concept of sustainable development to financial activity.
Sustainable finance, therefore, aims to create value in the long term, directing capital towards activities that not only generate economic surplus value, but are at the same time useful to society and are not charged to the environmental system.
The European Commission published in March 2018 an "Action Plan for sustainable finance", which outlines the strategy and measures to be adopted for the creation of a financial system capable of promoting genuinely sustainable development from an economic point of view, social and environmental, helping to implement the Paris Agreement on climate change and the United Nations 2030 Agenda for Sustainable Development.
In addition, the European Commission, in implementation of the aforementioned Action Plan, has proposed a Union strategy on sustainable finance, with a roadmap that outlines the work and future initiatives in which all stakeholders of the financial system will be involved.
In particular, on 24 May 2018, the European Commission adopted a set of legislative proposals and launched a series of consultations on the subject (see links below).
ACEPI, in line with its mission, provides its contribution, also through EUSIPA, in the context of these consultations in order to define and promote a European regulatory framework on sustainable finance in general and in particular in the definition of ESG criteria in relation to investment products.