Financing the transition to a climate-neutral economy
LOCATION
Belgium, Europe
FROM
22/04/2024
TO
22/04/2024

The European Commission and the EU Platform on Sustainable Finance (Platform) held a technical workshop to discuss the uptake of the EU sustainable finance framework and to present aspects of the Platform’s work.


On 29 January 2024, the Platform published its “report on a compendium of market practices”, which was presented in a webinar on 6 February 2024. The compendium provides use cases on how different key market participants are adopting the EU sustainable finance toolkit for designing transition strategies, structuring financial transactions, and reporting on sustainability efforts. The compendium illustrates the initial implementation of the key pillars of the EU sustainable finance agenda as set out in the 2018 Commission action plan on financing sustainable growth and confirmed in the 2021 strategy for financing the transition to a sustainable economy.


Against this background, the event was intended to foster dialogue and collaboration among financial institutions, industry leaders, the EU Platform on Sustainable Finance and representatives from the European Commission. The workshop showed how the EU sustainable finance framework can mobilise green private finance and support the real economy’s transition efforts, offering business and investment opportunities to companies. Representatives of the Platform presented the compendium and its concrete use cases and discuss transition finance policies, such as transition plans and the connection with the EU taxonomy. Finally, the Platform presented its intermediate report on monitoring capital flows, which includes a methodology to measure the effective contribution of finance towards the objectives of the European green deal, drawing on regulatory disclosures as well as market trends.


Participants also had the opportunity to attend an informal networking event offered by the International Sustainable Finance Centre z.ú. (ISFC).


Watch the recording of the workshop


GEOGRAPHICAL INFORMATION
Europe, Belgium
CREATED
19/04/2024
OPENING DATE
22/04/2024
STATUS
Inactive