EU Action plan on sustainable finance - Effects on Swiss financial institutions

27.01.2020 | Swiss Sustainable Finance, SSF publication on the major regulations adopted or announced by the EU in the context of its Action Plan on Sustainable Finance, aiming to help Swiss financial institutions navigate them.

The European Union (EU) has pursued the development and implementation of a series of regulatory measures in the area of sustainable finance since 2016. Most of these measures were triggered by the EU Commission Action Plan: Financing Sustainable Growth, commonly referred to as the EU Action Plan on Sustainable Finance, which has put into motion a series of processes aimed at introducing voluntary market standards as well as mandatory legal obligations. Overall, the measures introduced by the EU Action Plan represent the most complex and overarching set of initiatives adopted in the field of sustainable finance by a regulatory entity to date. Some of the first legislative measures announced by the EU Action Plan on Sustainable Finance were published in the second week of December 2019 – these include the regulations on Sustainability-related Disclosures in the Financial Services Sector as well as the EU Climate Transition and EU Paris-Aligned Benchmarks.

Considering the worldwide importance of European financial centres such as Frankfurt and Paris, sustainable finance measures adopted by the EU will not only affect EU-based institutions, but also those incorporated outside the EU serving or seeking to serve European clients. SSF therefore aims to help Swiss financial institutions navigate the major regulations adopted or announced by the EU in the context of its Action Plan on Sustainable Finance.

Link: Sustainable Finance CH - SSF Focus EU Regulation (PDF)