European Action Plan: Financing Sustainable Growth

European Action Plan: Financing Sustainable Growth

JANUARY 31, 2019

The European Union (EU) has taken significant measures to align its financial system with the goals set by the Sustainable Development Goals (SDGs) and 2015 Paris Agreement. In December 2016, the European Commission established the High-Level Expert Group on Sustainable Finance (HLEG) to develop an EU-level roadmap on sustainable finance and compile a comprehensive set of recommendations on securing financial stability and reallocating capital flows through the integration of sustainability. In January 2018, the HLEG published its final Report that sets out a vision on how to build a sustainable financial system in Europe through a number of key recommendations and actions targeted at specific sectors in the financial system.

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