EU Watchdog Says Timetable Tight On Climate Disclosure

Law360, London (November 6, 2019, 6:13 PM GMT) -- Europe’s insurance watchdog said Wednesday it is working on a tight timeline to introduce guidance for businesses on sustainable investment.

Justin Wray, head of the insurance policy unit at the European Insurance and Occupational Pensions Authority, said the regulator was doing its best to develop a green “taxonomy” of business sectors where insurers and pension firms could invest responsibly.  

The European Union plans to require firms to disclose their climate exposures, both in terms of the companies they invest in and the companies they insure, as part of their financial statements. That is a measure which is also being considered...

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