Action Plan Financing Sustainable Growth

Deutsches Aktieninstitut supports the overarching aims of Commission’s Action Plan on Sustainable Finance. However, we do see some legislative plans and practical transposition-measures as problematic. Our concerns relate among others to the composition of the ‘Technical Expert Group on Sustainable Finance’ (TEG) in which industrial companies are clearly underrepresented. In addition, we see the absence of addressing conflicts of interests between different ESG-goals as well as a certain tendency to rearrange competences granted under EU-legislative proceedings as critical. Furthermore, we believe regulatory one size fits all-approaches and an - even indirect - interference with the principle of free investment to give a wrong signal.