Skip to main content

Clifford Chance

Clifford Chance


The EU Sustainable Finance Action Plan - an update report (April 2019)

17 April 2019

As the current European Parliament's term draws to a close it is an opportune time to take stock of the progress made under the Commission's Sustainable Finance Action Plan (the "SFAP"). The SFAP published in March 2018 is ambitious with three broad aims (1) to reorient capital flows towards a more sustainable economy, (2) to mainstream sustainability in risk management and (3) to foster transparency and long-termism. These aims are scoped in further detail in 10 separate action points. Some of the action points have been more fully realised than others but the progress made in a year is impressive and reflects the EU's commitment to the sustainability and low-carbon transition agenda.  

Our briefing includes a status table that tracks the progress made to date on each of the SFAP 10 action points and also discusses in more depth developments relating to the development of a sustainable taxonomy, the proposed disclosure regulation, the creation of low carbon benchmarks and the EU green bond standard.

Download PDF