In 2018 sustainable finance was one of the big buzzwords coming out of Brussels in terms of new European policy. The EU’s Sustainable Finance Package published last May was a global first, providing a major legislative initiative linking the sector to climate change, a consequence of the G20’s Financial Stability Board commitment to re-orientate capital flows to sustainable investments. As the first tranche of the draft legislation heads towards adoption, the financial services team at FTI Consulting Brussels takes a look at the paradox of reforming financial markets against the inherent challenge of tackling the financial risk associated with climate change.
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