The Renewed Sustainable Finance Strategy (cepInput)

The establishment of binding EU-wide definitions for sustainable activities, sustainability labels and standards is misguided. There cannot and should not be just this one view of sustainability. Moreover, anchoring sustainability in the financial markets carries the risk of undermining the existing risk-based approach of financial market regulation and supervision. This endangers financial stability. Furthermore, the Center for European Politicy considers detailed measures on how companies should take sustainability into account to be unnecessary.