Comments on the proposal for a regulation on the establishment of a framework to facilitate sustainable investment

22 August 2018

The German Banking Industry Committee (GBIC) supports the European Commission’s initiative to raise more funding for a sustainable economy in Europe and to promote financial market stability. To achieve these objectives, it is essential to establish a common understanding of which type of economic activity is to be designated as “sustainable”. In this respect, we welcome the European Commission’s initiative to draw up a classification at EU level based on existing international frameworks.

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