Update – the Main Results are now available.
Agenda items include a debate on the state of play on own resources, an exchange of views on the presentation of the Presidency Work Programme, adoption of the Council Recommendation on the appointment of the President of the European Central Bank, adoption of the Country-Specific Recommendations for the European Semester, and information from the Netherlands delegation on aviation taxation and carbon pricing.
The European Commission on 18 June 2019 published new guidelines intended to help companies report on climate-related information. The guidelines are for the approximately 6,000 EU listed companies, banks and insurance firms that are required to disclose non-financial information under the non-financial reporting directive. By improving the quality and quantity of climate-related information that companies report, the guidelines should reinforce the Commission’s sustainable finance action plan.
The European Commission has welcomed the publication of the three new important reports by the Technical Expert Group (TEG) on sustainable finance, including key recommendations on the types of economic activities that can make a real contribution to climate change mitigation or adaptation.
A growing green bond market, particularly within low carbon transport, means that a significant share of investment in the EU’s railway sector could in future be financed by green bonds, thus alleviating pressure on traditional public financing sources.