On Monday 5 November, the members of the committee on economic and monetary affairs (ECON) of the European Parliament approved by a large majority (42 votes to 2) the draft report by Paul Tang (S&D, Netherlands) on the proposed regulation clarifying how institutional investors should take environmental, social and governance factors (ESG) into account in their investment decisions (see EUROPE 11977).
“The financial sector should look beyond profits and consider the consequences for people...