European Parliament pushes for tougher impact disclosures

European Parliament building from Adobe 230x150
By Jon Hay
06 Nov 2018

The European Parliament will push for stronger rules on sustainability for investment firms and banks, after its Economic and Monetary Affairs Committee voted on Monday evening to go beyond what the European Commission is recommending.

“It went very well,” said Sébastien Godinot, economist at the European policy office of WWF, the environmental NGO, in Brussels. “Parliament raised the bar significantly on what the EC was proposing.”

The rules under discussion concern disclosures the investment industry will have to make, on how they are ...

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