Two Nordics stand on Platform on Sustainable Finance

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Stockholm (NordSIP) – The European Commission has announced the 50 members and 9 special observers that will make up the Platform on Sustainable Finance. The platform’s main responsibility is to analyse the impact of the Taxonomy and advise the Commission on potential updates.

Members such as the Climate Bonds Initiative (CBI) were selected based on their environmental, sustainable finance or social/human rights expertise. From the Nordics, only SEB and Signe Andreasen Lysgaard of the Danish Institute for Human Rights made the cut. The European Commission will publish updates on the progress of the platform in a dedicated webpage on sustainable finance.

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Nathan Fabian Chief Responsible Investment Officer at the UN Principles for Responsible Investment (PRI) will chair the platform. Fabian has served as rapporteur for the taxonomy sub-group of the Technical Expert Group on Sustainable Finance (TEG) since 2018. Between 2007 and 2009 he was the Head of ESG Research at Regnan in Sydney, Australia. He then spent the next six years as the Chief Executive of the Investor Group on Climate Change (IGCC), before joining the UN PRI in 2015.

“This Sustainable Finance Platform will provide valuable ideas and input in our work to drive green finance forward and to develop the taxonomy, which will play a crucial role in channelling investment into green economic activities,” Valdis Dombrovskis, Executive Vice-President for an Economy that Works for the People, said. “It has been heartening to see such tremendous interest from such a wide range of experts and stakeholders to join the Platform. We have struck a very careful balance in selecting people from a wide range of sectors including civil society, industry and academia, and with different skills. I look forward to working closely with the Platform over the next months.”

Photo by Guillaume Périgois on Unsplash

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