GUE/NGL, the left group in the European Parliament, is launching its Climate Emergency Manifesto.
The United Nations Secretary General, Antonio Guterres, on 28 March urged governments worldwide to come to the UN summit on climate in September 2019 with concrete plans to boost action against global warming. The call followed the publication of the annual report on climate change by the World Meteorological Organization, which warned about the dire consequences of the continued rise of greenhouse gases in the atmosphere. In the same month, hundreds of thousands of students and pupils in 120 countries have sought to draw politicians’ attention to climate change by walking out of classes to stage repeated street protests.
Vice-president Valdis Dombrovskis’ Opening statement at the European Parliament Plenary debate on establishment of a framework to facilitate sustainable investment (taxonomy), Strasbourg, 28 March 2019.
The European Securities and Markets Authority (ESMA) welcomes the European Commission’s proposal to update the non-binding Guidelines on non-financial reporting with the introduction of a specific supplement addressing climate-related disclosures. ESMA takes the opportunity to make some recommendations on how the Guidelines can be further developed to promote higher quality disclosures.
Topics discussed at the event include: What drives the take-up of ESG analytics, scoring and research? What type of approaches are being used by CRAs and SRPs across asset classes, corporates and investors? Is there a difference between active and passive asset management strategies? What actions should regulators and supervisors pursue in order to ensure the robustness of ESG assessments? Would a more prescriptive approach stifle innovation? How to enable the market research on SMEs, and avoid their under-representation in retail/institutional investment portfolios?