Dear Ladies and Gentlemen,
During the World Climate Summit in Katowice, the EU Commission held a live chat on the Sustainable Finance Initiative via Twitter and Facebook. During the chat the Commission confirmed its intentions of presenting a list of criteria for sustainable financing (ESG taxonomy) by spring 2019. A general objective of this initiative is the creation of a “more sustainable economy” including the capital and financial markets. Investors should be encouraged to consider these objectives not only during the analysis and decision making process, but also in the context of risk management. Correspondingly, relevant reporting and disclosure obligations are also provided for insurers, occupational pension schemes, asset managers, etc.
The Bundesverband Alternative Investments e.V. (BAI) generally supports this initiative and has long been vocal about the essential role the implementation of ESG criteria plays in the investment process from a risk management point of view. At the same time, BAI believes caution and restraint should be exercised in the development of an EU-wide taxonomy.
read the full press release
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Bundesverband Alternative Investments e.V. (BAI)
Poppelsdorfer Allee 106
53115 Bonn, Germany
Bundesverband Alternative Investments e.V. (BAI) is the central advocacy association for the alternative investment industry sector in Germany. The BAI serves as a catalyst between institutional and professional German investors and recognized providers of alternative investment products worldwide. Particularly, one goal is to make it easier for institutional and professional German investors to more effectively diversify their financial assets into Alternative Investments, especially as many of those investors are responsible for safeguarding long-term retirement pensions. Another core task of the organization is to improve public awareness and enhance the understanding of asset classes and strategies in public. The BAI maintains an intense dialogue with political institutions as well as supervisory bodies. Furthermore, the BAI cooperates with various national and international organizations and industry associations. It advocates for legal reforms to design an attractive and competitive regulatory environment for Alternative Investments in Germany. At present, BAI counts 206 members from all areas of the professional alternative investments sector.