Clifford Chance

Sustainable Finance: European Commission consults on how insurers and asset managers integrate 'sustainability' into their operations

30 June 2020

The European Union has taken another step to promote sustainable finance by the publication on 8 June 2020 of draft legislation requiring insurers and asset managers to integrate ‘sustainability’ - environmental, social and governance (ESG) considerations - into their investment, advisory and disclosure processes.

Six draft delegated acts have been published for consultation, which would amend the UCITS, AIFMD, MiFID, IDD and Solvency II frameworks. The consultation closes on 6 July 2020.

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