Description
The global sense of urgency of climate change and sustainability has been reinforced by global policy response, including the EU Green Deal program. Sustainability will become an area of strategic focus and risk mitigation for companies in the years to come, and many regulatory initiatives have been launched. Sustainability will become an area of strategic focus and risk mitigation for companies in the years to come. Regulatory initiatives launched include a.o. enhanced ESG transparency to help assess products and entities in terms of their ESG position and amendments to IDD to apply ESG factors in the assessments of investor’s profiles. But it will not end here. Sustainability will need to be integrated in risk and prudential framework and will have an impact on the long-term financing cost of companies.
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