MEPs come out in favour of greater transparency for the financial sector over sustainable investments - Main contents

On Monday 5 November, the members of the committee on economic and monetary affairs (ECON) of the European Parliament approved by a large majority (42 votes to 2) the draft report by Paul Tang (S&D, Netherlands) on the proposed regulation clarifying how institutional investors should take environmental, social and governance factors (ESG) into account in their investment decisions.

“The financial sector should look beyond profits and consider the consequences for people and planet. We want the investments of banks, insurance companies and pension funds to be put in the service of a more just and sustainable society”, Tang said.

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