The Netherlands

Topic: ESG

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EU co-legislators hold second round of trilogue negotiations on Sustainable Finance Taxonomy

On Wednesday 6 November 2019 the EU legislators held their second trilogue negotiation round on the proposal for a Regulation on the establishment of a framework to facilitate sustainable investment (hereinafter: the ‘Taxonomy proposal’). The proposed regulation will establish the conditions and the framework to create a unified classification system on what economy activities can … Continue Reading

Council of EU adopts Disclosure Regulation and Low Carbon Benchmarks Regulation at first reading

On 24 October 2019, the Council of the EU published the texts it adopted at first reading for the: the Regulation on disclosures relating to sustainable investments and sustainability risks in the financial services sector (the Disclosure Regulation); and the Regulation amending the Benchmarks Regulation as regards EU Climate Transition Benchmarks, EU Paris-aligned Benchmarks and … Continue Reading

Frank Elderson gives introductory statement for meeting with the Special Committee on the Climate Crisis

The special US Senate Democrats’ Special Committee on the Climate Crisis invited the Network for Greening the Financial System (NGFS) for a roundtable session at Capitol Hill, which took place on 17 October. Mr Frank Elderson, chair of the NGFS and executive director of the Dutch Central Bank (De Nederlandsche Bank, DNB), gave an introductory … Continue Reading

NGFS publishes A Sustainable and Responsible Investment Guide for Central Banks’ Portfolio Management

On 17 October 2019, the Network for Greening the Financial System (NGFS) published a Sustainable and Responsible Investment Guide for Central Bank’s Portfolio Management (the Guide) as part of its mission to encourage central banks and supervisors across the globe to lead by example and include sustainability considerations in their portfolio management. The NGFS, launched … Continue Reading

Commission consultation on final Basel III reforms – spotlight on ESG risks

As previously blogged, the European Commission (Commission) has launched a public consultation on the implementation of the final elements of the Basel III reforms. Chapter 8 of the Commission consultation document covers sustainable finance. The Commission notes three actions that have been identified by the co-legislators in the course of the recent legislative review of … Continue Reading