2018 saw continued focus on sustainable finance by central banks, regulators and international organizations. A growing consensus on the need to shift to low-carbon economies coupled with the threat to financial stability posed by climate change and resource depletion resulted in a series of legislative proposals and action plans, with more scheduled for 2019.
The European Regulatory Response to Environmental, Governance and Social Risk considers the regulatory response to sustainable finance in Europe to date, what to expect in 2019 and what financial services firms should be doing in response.
