«Description
The Platform on Sustainable Finance, an advisory body to the European Commission, has been tasked with developing a methodology for monitoring financial flows into sustainable investments, examining trends, particularly between financial and non-financial entities, and conducting and publishing first analysis based on this methodology and available data.
The purpose of the intermediate report on “monitoring capital flows to sustainable investments” published today is to propose an architecture to measure the effective contribution of finance towards the objectives of the European Green Deal. The comprehensive monitoring framework relies on a rigorous methodology, a data structure, and the mapping of data sources and gaps. The proposed framework integrates a bottom-up representation of the real economy based on entity- and activity-level data, along with financial sector instruments available from primary and secondary markets. As part of this, it considers transition finance for both financial and non-financial undertakings.
The methodology is primarily based on EU sustainable finance regulatory data and definitions, with market standards and definitions complementing the analysis where appropriate. Financing flows to, and investments by, EU economic actors make up the scope for the real economy. This systematic stocktake builds on the early practices that market participants are employing to transition their business models and investments to a net zero and more resilient model, and as documented in the Platform’s compendium of market practices.
The first chapter outlines the conceptual framework underpinning the methodology. The report then focuses on two types of capital flows. The second chapter’s focus is on capital expenditures by real economy entities, which shed light on progress towards filling the investment gaps. In the third chapter, focus is on capital flows into and from financial markets, as this represents an important source of capital in support of real economy investments.
The report is accompanied by a document with annexes, which contains an analysis of the green deal investment gap. This analysis will serve as a reference for the implementation of the proposed framework. The Platform will release a final report at the end of its mandate, which will include any refinements to the methodological approach based on the continued work, an analysis of preliminary data, and a proposal for operationalising periodical monitoring.(...)». Saiba mais.
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