On Monday 31 October, the European Commission announced that it had created a high-level expert group on sustainable investment. It is now awaiting expressions of interest to appoint the members of this group.
It will be made up of 20 experts from civil society, the business world and other private sector institutions. The Commission is inviting applications to be submitted by 25 November, so that the group can start work in January 2017.
The move comes as part of the Commission's plans to set in place a Capital Markets Union. The term "sustainable investment" is broadly understood as investments encompassing environmental and social considerations. "The EU is pushing for a global transition towards a more sustainable economy. We're looking at ways to encourage institutional investors to have more sustainable investment policies", said Valdis Dombrovskis, Vice-President of the Commission with responsibility for Financial Services. (Original version in French by Élodie Lamer)