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Simplifying the EU sustainability framework:​ priorities and challenges

Day 1 Afternoon

Wednesday 11 September

Room :

ROOM 2

Speakers

Chair
Carlo Comporti
Commissioner - Commissione Nazionale per le Società e la Borsa (CONSOB)
Public Authorities
Patrick de Cambourg
Chair of the Sustainability Reporting Board - European Financial Reporting Advisory Group (EFRAG)
David Henry Doyle
Vice President, Head of Government Affairs & Public Policy, EMEA - S&P Global
George Theocharides
Chairman - Cyprus Securities and Exchange Commission
Nadine Wiedermann-Ondrej
Deputy Director General for Financial Market Regulation - Federal Ministry of Finance, Austria
Industry Representatives
Harm Bots
Chief Executive Officer and President of MUFG Bank (Europe) N.V. and Head of EU - MUFG Bank (Europe) N.V.
Anna Dunn
Chief Financial Officer, EMEA - JPMorgan Chase & Co.
Julia Symon
Head of Research and Advocacy - Finance Watch
Sveinung Ueland
Attorney-at-Law, DNB Legal - DNB Bank ASA

Objectives

The session is dedicated to clarifying the main weaknesses of the sustainability framework notably regarding its complexity and cost as raised by various stakeholders. In a clarified context the session will then focus on outlining what would be the possible levers to address these weaknesses and improve the general acceptability and by in of the existing sustainability framework.

Points of discussion: 

  • What are the main weaknesses of the comprehensive EU sustainability framework and related criticisms raised by the diverse stakeholders?
  • What are the main avenues for improving the situation notably regarding the cost and complexity of the framework without favouring greenwashing