“Europeans missed out on €1tn of additional wealth since 2008” Mar 04, 2021 By Funds Europe
The financial wealth of European households would be an estimated €1.2 trillion higher if savers had reduced their bank deposits over the past decade and invested in stocks and bonds, EU officials were told.
Bernard Delbecque (pictured), senior director for economics and research at the European Fund and Asset Management Association (Efama), told a recent high-level occupational pensions conference that this missed opportunity was due to the vast proportion of savings that households maintain in bank accounts.
Delbecque, who is also chairman of EIOPA’s occupational pensions stakeholder group, told officials this additional wealth could have been created if households had reduced their bank savings from 41% in 2008, to 30% in 2019, and instead had invested in capital markets.
Press Release- Advice on Article 8 of the Taxonomy Regulation
03/01/2021 | 07:36am EDT
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Message : ESMA proposes rules for Taxonomy-alignment of non-financial undertakings and asset managers The European Securities and Markets Authority (ESMA), the EU s securities markets regulator, has today published its Final Report on advice under Article 8 of the Taxonomy Regulation, which covers the information to be provided by non-financial undertakings and asset managers to comply with their disclosure obligations under the Non-Financial Reporting Directive (NFRD). The recommendations define the Key Performance Indicators (KPIs) disclosing how, and to what extent, the activities of businesses that fall within the scope of the NFRD qualify as environmentally sustainable under the Taxonomy Regulation. The key recommendations relate to the definitions to be used by non-financial undertakings for the calculation of the turnover KPI, the CapEx KPI and th
Aryfahmed/Adobe Stock With plastics’ future tied to the chemicals industry, what are the ongoing drivers and challenges that affect both?
As the world moves along the path to a zero-carbon future, the chemical industry, along with all other industrial sectors, is under heightened pressure to hasten its transition. For the sector sustainability is not a new challenge; for decades companies have worked under increasingly stringent regulations. The spotlight is now shining brightly on chemical companies and their impact on climate change, global food supply shortages and how to deal with plastic waste. But what are the actual drivers for sustainable transformation in the chemicals industry?
The EU needs to hold the financial sector to account if it is to end its complicity in global deforestation globalwitness.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalwitness.org Daily Mail and Mail on Sunday newspapers.
The SEC’s Time To Act
A New Strategy for Advancing U.S. Corporate and Financial Sector Climate Disclosures
February 19, 2021, 5:00 am Getty/CQ-Roll Call Inc./Bill Clark
A flag flies outside of the U.S. Securities and Exchange Commission building in Washington, D.C., July 2020.
Julia Cusick
Introduction and summary
Climate change poses major risks to U.S. companies, the domestic economy, and the planet. Those risks include the loss of jobs. The 2008 financial crisis resulted in the loss of more than 8 million jobs,
1 and the cumulative job losses from future climate-driven financial impacts could be even larger.
2 With many climate risks such as hurricanes and wildfires already materializing, investors, regulators, and the public need better information to evaluate the risks to companies and the financial system and take appropriate action in response.