Bertelsmann Stiftung, Jacques Delors Centre (ed.)

Sebastian Mack

Beyond transparency: Getting serious about greening Europe’s financial system

Format Type
PDF
Date of publication
08/02/2021
Edition
1. edition
Volume/Format
7 pages, PDF

Price

Free of charge

Description

The financial sector must divest from unsustainable business. This is imperative to achieve a climate-neutral economy and to safeguard financial stability. The European sustainable finance regulatory agenda of 2018 launched important initiatives that increase transparency on climate risks. Now it is time to move to the second stage and incorporate climate risks in the risk models and capital requirements of banks, pensions funds and insurance firms. This will reduce their exposure to potential losses from climate risks and at the same time render sustainable investment alternatives more attractive.

Related projects

Cover Repair and Prepare: Strengthening Europe

Jacques Delors Institut and the Bertelsmann Stiftung have joined forces on a multiannual research project to provide a road map for a stronger European Economic and Monetary Union.