The 2018 EU Sustainable Finance Action Plan (SFAP) put Europe on the map as a global leader in sustainable finance. It raised the EU’s ambitions, placing strong emphasis on increasing capital allocations to sustainable companies and activities. However, the crucial lever of stewardship was largely absent from the SFAP. The EU’s upcoming Renewed Sustainable Finance Strategy scheduled to be launched early July offers a significant opportunity to accelerate ambition on stewardship and to provide concrete guidelines for investors to connect this critical missing link. This position paper outlines 5 key recommendations for more effective EU Stewardship policy.
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