Eurelectric

InfluenceMap Score
B-
Performance Band
74%
Organisation Score
Sector:
Utilities
Head​quarters:
Brussels , Belgium
Official Web Site:
Wikipedia:

Eurelectric has stated broad support for regulation on sustainable finance and has engaged on a few key regulations that are likely to affect its sectors.

Eurelectric appears to have been most active on the taxonomy regulation. Eurelectric has stated top-line support for the policy whist opposing more ambitious aspects including coverage of environmentally harmful activities and the extension of the regulation beyond products marketed as sustainable. In 2019-2020, Eurelectric also responded to a number of regulatory consultations on the taxonomy to push for weaker standards for activities including natural gas, bioenergy and nuclear energy.

In feedback to the European Commission in 2018, Eurelectric supported policy to enforce investor disclosures on how ESG factors are integrated into the investment process. It reinforced this position in response to the Commission in 2020, although it did not support further guidance on incorporating ESG factors into advice for retail investors.

In 2019, Eurelectric supported the creation of an EU Green Bond Standard in feedback to the European Commission's Technical Expert Group. In response to the Commission in 2020, it also supported the verification for the EU Green Bond Standard, as well as a number of suggested ESG labels, such as investment funds and actions to establish an EU ESG Benchmark.

In a 2019 position paper, Eurelectric appeared to take a cautious position on regulated corporate ESG disclosure. In 2020, Eurelectric appeared to support the update to the Non-Financial Reporting Directive with minor exceptions.

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