State-owned companies and financial targets. 120. Photo: © products approved for the Swedish market. make the EU eco-labelling system better known in

For more information visit the EU eco-label website by developing and providing access to innovative financial instruments and funding for eco-innovation.

The EU green bonds as well as some other retail financial products such as life insurance could be targeted thereafter or subsequently. All strategies have their merits and use, depending on the objectives of the investment product. labels for retail financial products throughout Europe, and significant differences in their specifications. Since its inception in 1992, the EU Ecolabel has proved its efficiency for other types of products, such as personal care products and household appliances. The creation of an EU label dedicated to green financial products would address this fragmentation and encourage the cross-border distribution of such products.

Eu ecolabel for financial products

The objectives of this questionnaire are to: Obtain your views on what should be considered within the scope of the new EU Ecolabel criteria for financial products; The Commission is currently developing the EU Ecolabel for Retail Financial Products within the framework of the Sustainable Finance Action Plan. The Joint Research Centre (JRC) has presented an update and discussion document for the EU Ecolabelling Board meeting on 23-24 June 2020. 2020-03-30 · These efforts include major regulatory changes to help the EU reach its goal of net-zero carbon emissions by 2050 and maintain a stable and sustainable financial system. To help you stay on top of all of the moving pieces, the Association for Financial Markets in Europe has assembled a timeline for the rollout of EU regulation related to sustainable finance. Insurance Europe welcomes the Commission’s work to develop an EU Ecolabel for financial products, and in particular the decision to extend the scope of the current criteria to include all investment-based insurance products (IBIPs). The insurance sector can be an even more important partner in EC consultation on the EU Ecolabel for retail financial products 11 December 2020 .

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In its response Finance Watch highlighted that the EU Ecolabel shall ensure that only products which fully finance environmentally sustainable activities should receive the EU Ecolabel. The EU Ecolabel for Retail Financial Products is being developed by Unit B5 - Circular Economy and Industrial Leadership, as well as Unit B1 - Finance & Economy of the Joint Research Centre (JRC) Directorate B - Growth and Innovation for the Directorate General for the Environment in collaboration with the Directorate General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) of the European Commission. The EU Ecolabel builds on the Taxonomy framework to assess the underlying assets of financial products linked to environmentally sustainable economic activities and to establish whether the financial products are sufficiently green to be awarded with the label.

Develop EU standards (such as EU Green. Bond Standard) and labels for sustainable financial products (via Ecolabel) to protect integrity and

Focused on the EU environmental objective “climate change mitigation”, we analyse the share of EU Taxonomy aligned The European Federation of Investors and Financial Services Users EFAMAs reply to EU Ecolabel for Financial Products: 1st Stakeholder Questionnaire on the product scope and criteria definition 2. Familiarity and experience with existing labelling schemes and initiatives This section is intended to gain some insights into the respondents' familiarity with sustainability labelling initiatives for financial Overview of all product groups and criteria The following table provides an overview of all groups of products and services that can be labelled with the EU Ecolabel. If the terms of validity are extended due to new EU decisions, the extended term of validity will be stated. The study will assist with the development of the Ecolabel criteria for financial products and assessing whether the proposed criteria achieve the right balance between promoting environmental excellence and maintaining the integrity of the EU Ecolabel while ensuring there are a sufficient number of eligible products available in the market.

The European Federation of Investors and Financial Services Users EU ECOLABEL FOR FINANCIAL PRODUCTS Ausschlusskriterien (2) (Stand TR 4.0, 30.3.2021) Grundsatzdiskussion 1 + 2: Konnex zu DNSH-Kriterien und nationalen Labels Ansicht EC: EU Ecolabel basiert auf Taxonomie, kann aber darüber hinausgehen, freiwilliges Zertifizierungssystem, muss Werthaltungen der Konsument:innen berücksichtigen The objective of this study is to carry out a test run in relation to the draft EU Ecolabel criteria for financial products and in particular to test the application of draft criterion I for equity funds to a sample of 101 “green” UCITS equity funds domiciled in the EU27. Focused on the EU environmental objective “climate change mitigation”, we analyse the share of EU Taxonomy aligned The European Federation of Investors and Financial Services Users Insurance Europe has published its response to a consultation by the European Commission on its proposals to extend the EU Ecolabel to retail financial products..
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(such as EU Green Bond Standard) and labels for sustainable financial products (via Ecolabel) to protect integrity and trust of sustainable finance market 6 7 consumer goods in the Nordics, Baltics, Central Europe, India and other The Orkla Consumer & Financial Investments business area was established in 2019 Environmental Choice, GOTS, MSC, EU Ecolabel and more).

Certified financial products should significantly contribute to the ecological transition by supporting activities 2. Certified financial products should not be used to finance the most polluting activities clearly incompatible The EU Ecolabel criteria will reflect the requirements of the EU Ecolabel Regulation with the aim to award the label to financial products with the best environmental performance. In its response Finance Watch highlighted that the EU Ecolabel shall ensure that only products which fully finance environmentally sustainable activities should receive the EU Ecolabel.
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Flaws in the European Commission’s approach to sustainable finance could lead to member states and even the EU being sued, according to a think tank. The 2° Investing Initiative (2°II) made the argument in a hard-hitting report on plans for an EU label for “green” financial products, entitled ‘Impact Washing gets a …

The EU Ecolabel for Retail Financial Products is being developed by Unit B5 - Circular Economy and Industrial Leadership, as well as Unit B1 - Finance & Economy of the Joint Research Centre The Commission is currently developing the EU Ecolabel for Retail Financial Products within the framework of the Sustainable Finance Action Plan.