On July 15, the IIF submitted a high-level response to the European Commission’s public consultation on the development of a Renewed Sustainable Finance Strategy (RSFS). Announced in January 2020 under the European Green Deal Investment Plan, the RSFS will build on the 10 actions put forward in the European Commission’s initial 2018 Action Plan on Financing Sustainable Growth – which laid the ground work for the development of several landmark instruments, including the EU taxonomy for sustainable finance.
The IIF welcomes the ambition of the EC to formulate a RSFS, which will set the groundwork for future measures to rapidly scale up flows of sustainable finance in support of a green recovery. Recognizing the breadth of the consultation, and the significance of EU policy and regulatory developments for the global sustainable finance agenda, the IIF engaged with members of our Sustainable Finance Working Group to formulate a response focusing on topics of international relevance. The response is organized into three main categories:
Key messages and positions put forward in the consultation include: