Pleased to take part in today’s Coalition of Finance Ministers for #ClimateAction meeting at
World Bank & IMF Spring Meetings.

We discussed:
✅national climate plans
✅role of finance ministries
✅importance of sustainable finance

Don’t miss this great and insightful speech about #SustainableFinanceEU by Commissioner Mairead McGuinness at UC Berkeley event, 'From Brussels to the Bay: EU, California and SEC Climate Disclosure requirements'
👉 europa.eu/!nhxRpf

EU Finance 🇪🇺 Paulina Dejmek Hack Antoine Begasse

Thanks to everyone who joined us at the #EUSustainableFinanceDays event in Madrid last week!

👀You can watch the event recording here:
➡️youtube.com/watch?v=odat1V…

All presentations are now also available: ➡️spain.eu-sustainable-finance-days.eu/page/presentat…

📢 Register until tomorrow to follow online: Workshop on financing the transition to a climate-neutral economy, 22 April.

It will cover:
❇️ Opportunities & uptake of the #SustainableFinanceEU toolkit
❇️ Transition finance & monitoring of capital flows

➡️finance.ec.europa.eu/events/financi…

Today we published a study on biodiversity-related financial risks.

It provides financial institutions with voluntary and flexible guidance on how they can best progressively integrate these risks into their sustainability decision-making and risk assessment processes.

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Occupational pension funds in 🇪🇺 manage approximately €2.5 trillion in investments.

In EIOPA's latest factsheet, we delve into how #pension funds allocate their #investments and examine what % of these can be considered #sustainable .🌲

➡️europa.eu/!BrvQxr

#ESG #IORP

📢🗓️ Save the date: 2️⃣2️⃣ APRIL

Workshop on Financing the transition to a climate-neutral economy.

❇️ Opportunities & uptake of the EU sustainable finance toolkit on the ground

❇️ Progress of the Platform’s work

❇️ Transition finance & planning

👉 europa.eu/!3qjmRt

Climate change is impacting all of Europe.

In response to the first EU EnvironmentAgency 🇪🇺 Climate Risk Assessment, the European Commission proposes ways that governments, the private sector and civil society can work together to get ahead of climate risks.

Read➡️ec.europa.eu/commission/pre…

Europe is warming twice as fast as other continents.

We need to better adapt to climate change now – while also reducing emissions.

In response to the first EU EnvironmentAgency Climate Risk Assessment, we propose ways to build climate resilience and protect people and prosperity. ↓

Record breaking month.🌡️

Again.

For the 8th time in a row.📈

Last month was the warmest January on record.

Global 🌍 mean temperatures for the past 12 months are the highest recorded, 1.52°C above the pre-industrial average.

Full Copernicus EU news⤵️
climate.copernicus.eu/copernicus-202…

The EU is leading on climate action.

We should stay the course, creating opportunities for European industry to thrive in new global markets for clean technology.

Today, we recommended a 2040 climate target and set out a number of enabling policy conditions to achieve it ↓

2030: -5⃣5⃣%
2040: ❓
2050: -1⃣0⃣0⃣%

EU countries had already agreed to emission reduction target for 2030 and to climate neutrality by 2050, but what about the time in between?

Today, the European Commission recommends a - 9⃣0⃣% target for #2040.

Find out more 👇

Thanks to those who followed the webinar!

In case you missed it, you can watch it here ➡️ webcast.ec.europa.eu/webinar-on-the…
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🗣️ Don’t miss the webinar by the Platform on Sustainable Finance today 13:00-14:20.
Join to hear about the latest report on the uptake of the EU Taxonomy and the wider framework in transitioning to net-zero 🌍

👉 europa.eu/!G68j3R

#SustainableFinanceEU

🚨Deal reached 🚨

Tonight European Parliament and EU Council agreed on a brand-new regulation on ESG ratings - which will make them comparable and transparent.

Congratulations Aurore Lalucq 🇪🇺 and Belgian Presidency of the Council of the EU 2024

📢 EFRAG has launched a public consultation on two exposure drafts on sustainability reporting standards for SMEs.

Submit your comments on the draft ESRS by 21 May 2024.

🔗More on the consultation here: efrag.org/News/Public-47…

Join us to hear how the EU Taxonomy & wider #SustainableFinanceEU framework are helping market participants in the transition to net-zero 🌱

The Platform on Sustainable Finance presents its latest report on 6 February 13:00-14:20.

Follow the webinar 👉 europa.eu/!G68j3R

A hotter climate and nature loss are changing our lives. We must understand what this means for the economy to fulfil our mandate.
With our climate and nature plan, we are intensifying our efforts to help underpin stability and support the green transition ecb.europa.eu/ecb/climate/ou…

We are stepping up our work on climate! Our climate and nature plan defines our focus areas for the next two years:
• the green transition
• the growing physical impact of climate change
• the risks from nature loss and degradation
ecb.europa.eu/press/pr/date/…

🌱 Good news: companies are using the EU Taxonomy to set targets & back up sustainability claims, helping them access finance. We’re helping shift financial markets towards sustainability.

Thanks to the Platform on Sustainable Finance for their analysis: finance.ec.europa.eu/publications/p…