The EU’s transition to a low-carbon, resource-efficient and sustainable economy has benefits for us all. The financial system has a critical role to play in this process, by ensuring that the economy contributes to long lasting welfare.
Professional accountants are crucial in building a comprehensive sustainable financial system. This publication provides our contributions to the European Commission’s sustainable finance strategy. We focus on the three areas where we can contribute most:
- corporate reporting to accommodate long-term horizons
- disclosure requirements to address investors’ needs
- accounting frameworks to be in line with long-term investments
We call on the EU institutions to open up the dialogue with private sector stakeholders and we invite organisations with similar interests to join the debate on sustainable finance.