The EU is currently developing rules for sustainable investment. Through guiding capital flows, it aims to support sustainable economic sectors and production processes. The EU's goal is a climate neutral economy by 2050. The fund industry, as an important financial intermediary, thus has a key role to play and is happy to play it. As early as 2012, the German fund association BVI introduced 'Guidelines for Responsible Investing'.
However, to help the EU meet its ambitious climate change target, asset managers need to obtain the relevant data from companies for their stock selection, preferably from all companies worldwide. What asset managers do not need are rigid guidelines that mean that investors are no longer free to decide what they want to invest in. This would prevent an intensive debate on the sustainability of the companies in which investments are to be made and would replace it with a regulatory box ticking exercise. Ultimately, this would mean that the transition to more sustainable investments would not be dynamic and lose momentum.
News
Sustainability
11/2/2022
Snapshot Sustainability
The volume of investment funds with sustainability features held by German investors grew significantly in the fourth quarter of 2021 again.
BVI position paper on the European Commission’s “Targeted consultation on the functioning of the ESG ratings market in the European Union and on the consideration of ESG factors in credit ratings”
BVI-Position zum Referentenentwurf der Bundesanstalt für Finanzdienstleistungsaufsicht über eine Verordnung zur Änderung der Kapitalanlage-Verhaltens- und Organisationsverordnung
BVI’s reply to the Consultation Paper on EIOPA Draft Guidelines on the integration of the customer's sustainability preferences in the suitability assessment under the Insurance Distribution Directive (2016/97)
