It provided a roadmap to enhance the role of finance as a driver for change in Europe’s productive fabric, with the aim of achieving a more sustainable economic model that is consistent with the objectives of the European Green Deal. The Sustainable Finance Strategy was updated in July 2021.
The weight of sustainable finance in Europe is moving in parallel with progress towards achieving the UN’s Sustainable Development Goals, the Paris Agreement and the Glasgow Climate Pact. Investor confidence in the profitability of sustainable investments in Europe has already been felt, for example, in the growth of investment funds operating on the continent under ESG criteria. Indeed, according to the European Fund and Asset Management Association, the volume of assets under management has increased by 197% since 2016.
Full article published on The Official Spanish Chamber of Commerce in Belgium and Luxembourg.