Regelungsvorhaben

Suggestions for the review of the green asset ratio

Angegeben von:
Association for Financial Markets in Europe (AFME) (R001235) am 30.09.2024

Beschreibung:
One of the priority areas that AFME members have highlighted is the need to ensure that the Green Asset Ratio (GAR) under the EU Taxonomy Regulation (“Taxonomy”) and Pillar 3 ESG disclosures is a meaningful metric. We do not believe that the GAR, as currently formulated, is achieving this objective for investors and other stakeholders. Banks also face substantial challenges in assessing the Taxonomy alignment of their clients, which in turn affect the relevance of their GAR disclosure. This paper sets out AFME’s recommendations for the upcoming review of the GAR and the Disclosures Delegated Act, in support of the Commission’s aim of scaling the impact of the Taxonomy and the broader EU framework for sustainable finance as well as the work of ESAs and the Platform on Sustainable Finance.