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Investors issue strong call to action as EU Parliament votes in sustainable investment disclosure rules
Author: Global Witness, Published on: 23 April 2019
"Investors issue strong call to action - as European Parliament votes in new rules to ensure finance doesn't cause human rights abuses and environmental destruction", 18 April 2019
This week has seen historic moves from across both politics and industry, which could transform the financial sector in the European Union.
The European Parliament has made a major step towards a more ethical financial sector, by unanimously voting for new rules that mean investors will have to put proper measures in place ensuring their activities do not cause human rights abuses or environmental destruction.
This major move was also backed by big players in the investment industry itself – with the likes of Aviva, Hermes, Sycomore and Robeco issuing a major call on investors to set up and carry out robust due diligence processes to manage risks to people and the environment. They also urgently called on governments to support investor due diligence through better regulation of financial systems...