EACT responds to European Commission consultation on a Renewed Sustainable Finance Strategy

The European Association of Corporate Treasurers (EACT) has published its response to the European Commission’s (EC) consultation on a Renewed Sustainable Finance Strategy. We support the EC’s ambitions to create the regulatory basis for a reorientation of capital flows towards sustainable and transitional economic activities and emphasise the importance of creating a predictable and stable regulatory framework for corporate end-users of financial markets.  

It is important that EU policymakers provide an incentive structure and realistic pace of transition to ensure that all segments of the economy are enabled to be a part of the transition. Therefore, we call for the creation of harmonised and transparent rules to govern the transition – across disclosure requirements and incorporation of ESG criteria in various processes such as ratings, and accounting standards.

To enable corporates to better navigate financial markets, it is equally important to create an EU harmonised minimum standard with regard to the methodologies and input data for ESG research, sustainability data, sustainability ratings, and – where applicable – credit ratings. We also support the introduction of transparency requirements for such providers with regard to the methodologies and input data used to ensure genuine comparability across different providers and jurisdictions.

We further support the creation of a voluntary EU Green Bond Standard, accompanied by a single EU rulebook for verifiers of EU Green Bonds that sets out the type of information that should form part of their assessment as well as the procedural elements of the verification process. 

Download EACT Response to Consultation (PDF)

View Document

Subscribe to the EACT Newsletter

News


Journeys to Treasury 2020 – 2021: Innovation, Agility and Resilience

Photo from Journeys to Treasury 2020 – 2021: Innovation, Agility and Resilience

With the launch of the 2020-2021 report, following on from the special COVID-19 series earlier in the year, the Journeys to Treasury partners are helping treasurers globally at every step through a tumultuous journey.

View More

EACT announces Tarek Tranberg as Head of Public Affairs & Policy

Tarek is an experienced public affairs expert, specialising in EU financial regulation and has previously advised financial and non-financial companies across the entire financial services value chain on their EU policy advocacy strategies at FleishmanHillard. Tarek has a profound understanding of the regulatory issues impacting treasury and of the strategic objectives of the EACT.

View More

EACT supports the European Commission’s proposal for a new Digital Finance Strategy for Europe

Read the EACT's response to the European Commission's new digital finance strategy for Europe / FinTech action plan.

View More

EACT supports the European Commission’s development of an EU Retail Payments Strategy

The EACT is grateful for the opportunity to respond to the consultation on the implementation of new retail payments strategy. Read our position here.

View More

EACT Newsletter - June 2020

Photo from EACT Newsletter - June 2020

The latest issue looks at the results of the EACT Survey, FX hedging in volatile markets, and shares the latest news from EACT and its member associations.

View More