Sustainable finance at COP28

The monitoring of capital flows towards sustainable investments links with the implementation of the EU Taxonomy Regulation, and it was further specified in the EU Commission’s Sustainable Finance Strategy published in summer 2021. The Commission is taking various actions to step-up such monitoring. Under its new mandate, the Platform on Sustainable Finance, which is an advisory body of experts, is undertaking work on the monitoring of capital flows within a specific subgroup. Rapporteur(s) of the subgroup will present the methodology being developed to monitor capital flows towards sustainable investments, to measure achieved progress and trends, and to conduct a first analysis based on this methodology and available data. In addition, leveraging on the use of the Technical Support Instrument (TSI), the Commission will present how it supports several EU Member States in strengthening their public and private framework to enable the investment towards sustainable activities and addressing greenwashing. The discussions will also focus on the challenges and opportunities of such exercises at a non-technical level looking at how science can help provide effective and easy to read indicators, both at the country and the single firm level.

Event webpage

Participants’ registration: We would like to invite you to share the event platform link with your audiences and partners, drawing attention to your session and asking them to register to be able to review the programme and follow the session online during COP28: Participants’ registration link

The EC will provide an overview of the climate risk related work, along with an update on the rationale behind, and the key features of the Fit-For-55 stress testing exercise. There will then be a panel discussion (possibly involving some of the European supervisory institutions and academics) on the main challenges policymakers and researchers face in measuring climate risks and on possible practical solutions to address them, focusing on both transition and physical risks. The discussion will also touch upon the support provided by the Commission through technical support instrument to enhance supervisory authorities’ capacity to access and use data and methodologies enabling to capture the impact of climate risks on various financial institutions and market segments.

Event webpage

Participants’ registration: We would like to invite you to share the event platform link with your audiences and partners, drawing attention to your session and asking them to register to be able to review the programme and follow the session online during COP28: Participants’ registration link