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June 13, 2023

EU issues final proposals for sustainable financing strategy

European Union: The European Commission estimates that the EU will need additional investment of around €700bn a year to meet the objectives of the European Green Deal (Photo: Cyril Marcilhacy/Bloomberg)
European Union: The European Commission estimates that the EU will need additional investment of around €700bn a year to meet the objectives of the European Green Deal (Photo: Cyril Marcilhacy/Bloomberg)

The EU proposals include guidance to ensure ESG ratings providers are reliable and transparent, and methodologies are robust – but some critics have called them “burdensome and bureaucratic”. 

The European Commission has published the final part of its sustainable finance package expected under this administration, as agreed in its 2021 strategy for financing the transition to a sustainable economy. 

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