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European Financial Services Round Table

Monday, July 24, 2017
EFR statement on Interim Report on Sustainable Finance

The European Financial Services Round Table (EFR) has sent a letter to Vice-President Valdis Dombrovskis of the European Commission welcoming the launch of the EU High-Level Expert Group's Interim Report on Sustainable Finance.

Overall the EFR welcomes the call made by the Expert Group for a leadership role that the EU should play in international fora.

The EFR believes that creating a sustainable financial sector must ultimately be a global endeavour as many of the sustainability challenges we face are common across the world and some solutions must be achieved globally. In that respect, the interim report is an important step in the right direction to developing a comprehensive European strategy on sustainable finance.

In addition to the various policy recommendations mentioned in the report, EFR would like to underline that a stable framework is very important to foster green lending. The financial sector has a key role to play in delivering a sustainable economy. The majority of sustainable projects need long term financing solutions and the investors need clarity and stability.