Another key step towards greening finance & supporting the #EUGreenDeal transition: draft legal acts integrating #ESG considerations in fiduciary duties and adapting suitability test by introducing ESG preferences now out for feedback:bit.ly/3f5sVxM @SustainableFinanceEU
Once adopted and applied, investment & insurance advisers will be required to ask about their clients’ ESG preferences and take them duly into account when assessing the range of financial instruments & products in their recommendations to clients.
This action will empower retail investors to decide where (incl. where not) and how their savings should be invested. This way, everyone will have a chance to make a tangible positive impact on climate, environment and society if there is a desire to do so. 💶 =>🌍🌿🙂💪🇪🇺
The adapted suitability test will increase the demand for financial instruments & products with sustainable investment strategies and those that consider adverse impacts on sustainability. bit.ly/3f5sVxM @SustainableFinanceEU @EU_Finance.
