The session is dedicated to reminding what is expected from the transparency framework regarding the acceleration of the sustainability transition in the EU.
It is also dedicated to discussing the magnitude of the changes generated in the financial sector including its expected stewardship role, and consequently the anticipated cost and timeframe challenges given notably that the financial sector is highly dependent of the information received from corporates they finance, which also face the so-called data gap.
The session will finally discuss the policy efforts required notably to address the transition monitoring challenge, and the provision of technical advice to SMEs.
Points of discussion
- What are the challenges posed to the financial sector by the transition toward the EU environmental goals? What are the actual data and time constraints faced by large and small EU corporates?
- How do the taxonomy, CSRD and EU sustainability reporting standards help to address transition challenges? What are the additional policy priorities required to address the situation?