What can regulators do to make it easier for the EU banking community to act on ESG?

The aim of establishing the Hight Level Expert Group on sustainable finance by the European Commission was to put into practice the UN Sustainable Development Goals, the Paris Climate Agreement and the EU’s 2030 Agenda for Sustainable Development.

As a starting point, it is worth noting that the level of investment in EU countries is significantly lower than in the years before the financial crisis in 2007. This, at least in theory, should provide an opportunity – and some kind of room for manoeuvre – to include new targets for funding of sustainable development.

Read the full article by Mieczysław Groszek and Piotr Gałązka 

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