2 Nov 2020 20 March 2019, the JRC published the technical report with scope and criteria proposals on EU Ecolabel for retail financial products.

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While more and more consumers show a strong interest in sustainable investments, many lack a deeper knowledge about financial services, 

EU Ecolabel Logo While the logo may be simple, the environmental criteria behind it are tough, and only the very best products, which are kindest to the environment, are entitled to carry the EU Ecolabel. This is a label that consumers can genuinely trust. Consumers wanting to make environment-friendly shopping choices should have a decision-making aid they can trust. The Ecolabel is such a thing to help select products and services with less impact on the environment.

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The EU green bonds as well as some other retail financial products such as life insurance could be targeted thereafter or subsequently. The EU Ecolabel builds on the Taxonomy framework to assess the underlying assets of financial products linked to environmentally sustainable economic activities and to establish whether the financial products are sufficiently green to be awarded with the label. The EU Ecolabel criteria for financial products are expected to contribute to the attainment of the Action Plan by encouraging investments in sustainable economic activities. The objectives of this questionnaire are to: Obtain your views on what should be considered within the scope of the new EU Ecolabel criteria for financial products; The JRC is the Commission’s in-house science service and earlier this year produced a report on proposals for EU Ecolabel criteria for financial products. 2°II said the organisations were offered the opportunity to provide formal feedback but “either did not respond, declined, or only provided informal verbal comments”. 2020-08-17 · EU's fund EcoLabel 'should look beyond green bonds' The proposed EU EcoLabel for bond funds will limit itself to "green pockets" of the market if it focuses solely on 'green bonds', Triodos Investment Management has warned. To access this article please sign-in below or register for a free one-month trial.

You can find criteria for products which can be certtified with the Nordic Swan Ecolabel or the EU Ecolabel here. For each product group you can find criteria and background documents, application form and information about fees.

The EU Ecolabel criteria also encourages companies to develop products that are durable, easy to repair and recycle. The EU Ecolabel criteria will reflect the requirements of the EU Ecolabel Regulation with the aim to award the label to financial products with the best environmental performance. In its response Finance Watch highlighted that the EU Ecolabel shall ensure that only products which fully finance environmentally sustainable activities should EU Ecolabel for Financial Products Questionnaire: EBF response Latest posts European Commission Consultation on the establishment of a European single access point (ESAP) for financial and non-financial information publicly disclosed by companies: EBF response The scope and the strategies to be reflected in the Ecolabel criteria would depend on its objectives.

Ecolabel eu finance

Källor: EU Ecolabel, Nordiska Svanen, ECHA ämnesdatabas, Kemilex (databasen och appen som tillhandahålls av Astma-Allergi Danmark. 28 

Banking and financial services. Established in 1992, the EU Ecolabel is a symbol of environmental excellence awarded to products and services that meet environmental standards throughout their life cycle and provides guidance to companies on environmental best practices. Action 2.3 of the action plan on sustainable finance tasked the Commission An EU “ecolabel” for financial products is in the works. Efforts to close the urban green investment gap need to be urgently scaled up to provide access to technical support and financing for low-carbon infrastructure for thousands of cities, the European Union’s High Level Conference on Sustainable Finance has heard. Established in 1992 and recognised across Europe and worldwide, the EU Ecolabel is a label of environmental excellence that is awarded to products and services meeting high environmental standards throughout their life-cycle: from raw material extraction, to production, distribution and disposal.

Ecolabel eu finance

The EU green bonds as well as some other retail financial products such as life insurance could be targeted thereafter or subsequently. EU Ecolabel for Businesses. With more than 72,000 products and services on the market, the EU Ecolabel is recognised across Europe. If you want to market your green products, the EU … The Commission is currently developing the EU Ecolabel for Retail Financial Products within the framework of the Sustainable Finance Action Plan. The Joint Research Center (JRC) has presented a proposal discussed at the stakeholder meeting on 25 and 26 March to which we provide comments in this paper.
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The EU Ecolabel criteria to correspond approximatively to the top best (10 – 20 %) environmentally performing products according to the EU Ecolabel Regulation 66/2010 EU Ecolabel for retail financial products Session 2, 25th March 2020. EU Ecolabel for retail financial products Criterion 2: Exclusions based products harming the objectives of the EU Ecolabel may be included in a product • Restrict/divest flow of investments from sectors which are generally A smart Ecolabel scheme, which takes into account the considerations above and below, will certainly be of added value to the EU’s financial system.
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The Commission is currently developing the EU Ecolabel for Retail Financial Products within the framework of the Sustainable Finance Action Plan. The Joint Research Center (JRC) has presented a proposal discussed at the stakeholder meeting on 25 and 26 March to which we provide comments in this paper. The current c

2020-08-17 · EU's fund EcoLabel 'should look beyond green bonds' The proposed EU EcoLabel for bond funds will limit itself to "green pockets" of the market if it focuses solely on 'green bonds', Triodos Investment Management has warned. To access this article please sign-in below or register for a free one-month trial. The European Commission (EC) has proposed reducing the minimum threshold for green equity investments and introduced a transition element for the planned EU Ecolabel for retail sustainable financial products after the first round of market feedback described the criteria as being ‘too ambitious and not achievable’.According to the EC’s second Technical Report on the issue, published just before the start of the Christmas holidays, most stakeholders “considered the criterion proposal The European Commission wants to create a trusted and verified label for retail investors, who would benefit from better comparability of financial products. The EU Ecolabel aims to address several issues for asset managers, including reputational risk from potential allegations of greenwashing. About EU Ecolabel; About EU Ecolabel. The EU Ecolabel is Europe's counterpart to the Nordic Swan Ecolabel and one of the world's top ecolabels. It is a Type 1 Ecolabel, just like the Nordic Swan Ecolabel, which means it is independent, works according to the life cycle perspective and with a holistic view when criteria are developed.