{"id":4663,"date":"2020-06-29T17:45:43","date_gmt":"2020-06-29T15:45:43","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=4663"},"modified":"2023-03-03T16:04:36","modified_gmt":"2023-03-03T15:04:36","slug":"sustainable-finance-strategy-tell-the-eu-you-want-finance-to-stop-supporting-climate-change","status":"publish","type":"post","link":"https:\/\/reclaimfinance.org\/site\/en\/2020\/06\/29\/sustainable-finance-strategy-tell-the-eu-you-want-finance-to-stop-supporting-climate-change\/","title":{"rendered":"Sustainable Finance Strategy: tell the EU you want finance to stop supporting climate change"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-content-boxes content-boxes columns row fusion-columns-1 fusion-columns-total-0 fusion-content-boxes-1 content-boxes-icon-with-title content-left\" style=\"--awb-hover-accent-color:#8ac56b;--awb-circle-hover-accent-color:#8ac56b;--awb-item-margin-bottom:40px;\" data-animationOffset=\"top-into-view\"><div class=\"fusion-clearfix\"><\/div><\/div><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: justify;\"><b><span style=\"color: #59bc6d;\">The European Union (EU) is working on rules for a more sustainable financial sector and ways to finance ecological transition. The European Commission is asking for your input and set up a <\/span><u><span style=\"color: #59bc6d;\"><a href=\"https:\/\/ec.europa.eu\/info\/consultations\/finance-2020-sustainable-finance-strategy_en\" target=\"_blank\" rel=\"noopener noreferrer\">public consultation<\/a><\/span><\/u><span style=\"color: #59bc6d;\"> that will close on 15 July. Providing that finance is still heavily oriented toward polluting activities and that finance and industry lobbies are really good at using this type of consultation, it is crucial that as many citizens as possible contribute. Here is your chance to join the debate and push Europe to \u00ab\u00a0green\u00a0\u00bb its finance! What do you as European citizen want? <\/span><\/b><\/p>\n<p style=\"text-align: justify;\"><b><span style=\"color: #59bc6d;\">With <a href=\"https:\/\/www.changefinance.org\/\" target=\"_blank\" rel=\"noopener noreferrer\"><u>Change Finance<\/u><\/a>, we wanted to provide you with a model contribution that will help you respond. <\/span><\/b><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-first\" style=\"--awb-bg-size:cover;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-button-wrapper\"><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" target=\"_self\" href=\"https:\/\/ec.europa.eu\/eusurvey\/runner\/sustainable-finance-strategy-2020?surveylanguage=en\"><span class=\"fusion-button-text\">CONTRIBUTE TO THE EU CONSULTATION<\/span><\/a><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-last\" style=\"--awb-bg-size:cover;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-button-wrapper\"><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-2 fusion-button-default-span fusion-button-default-type\" target=\"_self\" href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/06\/MODEL-CONTRIBUTION-TO-THE-SUSTAINABLE-FINANCE-STRATEGY.pdf\"><span class=\"fusion-button-text\">USE OUR MODEL CONTRIBUTION<\/span><\/a><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-2\"><p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong style=\"font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); color: #8ac56b;\">Why should you participate?<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\">Without money, it\u2019s very hard to get things done in our world. If we want our economy and lives to be more sustainable, greener, climate friendly and people-friendly, we need money. And banks and investors are the only ones now that can provide that money. But as long as one can make much more money with non-sustainable investments that harm people and planet, any change will be much harder.<\/li>\n<li style=\"text-align: justify;\">Unlike powerful companies, citizens have great difficulties to be heard at the European level. The consultation is an opportunity to express yourself on an issue where financial and economic actors usually hold all the cards.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #8ac56b;\">How can you contribute?<\/span> <\/strong><\/p>\n<p style=\"text-align: justify;\">The consultation may look intimidating but <strong><span style=\"color: #90c84d;\">you only need to answer the first 5 questions to make a real difference! <\/span><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong style=\"color: #90c84d;\">Follow these steps to respond:<\/strong><\/p>\n<ol>\n<li style=\"text-align: justify;\"><strong style=\"color: #90c84d;\">Go to <\/strong><strong style=\"color: #90c84d;\"><u><a href=\"https:\/\/ec.europa.eu\/eusurvey\/runner\/sustainable-finance-strategy-2020?surveylanguage=en\" target=\"_blank\" rel=\"noopener noreferrer\">this address<\/a><\/u><\/strong><strong style=\"color: #90c84d;\">.<\/strong><\/li>\n<li style=\"text-align: justify;\"><strong style=\"color: #90c84d;\">Click on <span style=\"color: #90c84d;\">\u201cRegister\u201d. <\/span><\/strong><\/li>\n<li style=\"text-align: justify;\"><strong style=\"color: #90c84d;\">Fill in the information required and click on create an account.<\/strong><\/li>\n<li style=\"text-align: justify;\"><strong style=\"color: #90c84d;\"><span style=\"color: #90c84d;\">Now your account is <\/span>set up and you can participate in the consultation.<\/strong><\/li>\n<li style=\"text-align: justify;\"><strong style=\"color: #90c84d;\">Fill in your details (Section: About you).<\/strong><\/li>\n<li style=\"text-align: justify;\"><strong><span style=\"color: #90c84d;\">Answer the 5 questions of Section I (Section I: Questions addressed to all stakeholders), you can use <\/span><u><span style=\"color: #90c84d;\"><a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/06\/MODEL-CONTRIBUTION-TO-THE-SUSTAINABLE-FINANCE-STRATEGY.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">our model contribution<\/a><\/span><\/u><span style=\"color: #90c84d;\">.<\/span><\/strong><\/li>\n<li style=\"text-align: justify;\"><strong style=\"color: #90c84d;\">Go direct<span style=\"color: #90c84d;\">l<\/span><span style=\"color: #e5e3e3;\"><span style=\"color: #90c84d;\">y to the end,<\/span> <\/span>without answering the rest of the questions, by clicking on \u201cAdditional information\u201d.<\/strong><\/li>\n<li style=\"text-align: justify;\"><strong style=\"color: #90c84d;\">Click on submit your answer.<\/strong><\/li>\n<\/ol>\n<p style=\"text-align: justify;\">If you use <u><a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/06\/MODEL-CONTRIBUTION-TO-THE-SUSTAINABLE-FINANCE-STRATEGY.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">our template<\/a><\/u>, answering the consultation should not take more than 10 minutes! Of course, we encourage you to make your own comments and adapt your contribution and &#8211; if you have time and expertise &#8211; feel free to answer the rest of the questions.<\/p>\n<p style=\"color: #90c84d;\">If you use <u><a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/06\/MODEL-CONTRIBUTION-TO-THE-SUSTAINABLE-FINANCE-STRATEGY.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">our model contribution<\/a><\/u>, you will be pushing the European Commission to set up:<\/p>\n<ul>\n<li><b>A clear definition of activities that significantly contribute to climate change<\/b> (\u201cbrown taxonomy\u201d) that will help divest from sectors and activities incompatible with the ecological transition.<\/li>\n<li><b>The creation of a \u201csocial taxonomy\u201d, to identify socially harmful activities<\/b> and make sure financial actors also consider the social and human rights impacts their decisions have.<\/li>\n<li><b>More transparency <\/b>on financial transaction and products with an improved, reliable and compulsory disclosure and reporting.<\/li>\n<li><b>Strong legal obligations<\/b> &#8211; and not a mere voluntary framework &#8211; to finance sustainable activities, in the EU and beyond, and the implementation of these future legal standards to all financial actors (banks, investors, insurances) including public ones (i.e European Central Bank).<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><u><a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/06\/MODEL-CONTRIBUTION-TO-THE-SUSTAINABLE-FINANCE-STRATEGY.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Link to our model contribution<\/a><\/u><\/p>\n<p style=\"text-align: justify;\"><u style=\"color: #8ac56b;\"><a href=\"https:\/\/ec.europa.eu\/eusurvey\/runner\/sustainable-finance-strategy-2020?surveylanguage=en\" target=\"_blank\" rel=\"noopener noreferrer\">Link to the EU consultation page<\/a><\/u><\/p>\n<p style=\"text-align: justify;\"><u><a href=\"https:\/\/www.changefinance.org\/take-action\/citizen-answers-consultation\/\" target=\"_blank\" rel=\"noopener noreferrer\">Link to Change Finance&rsquo;s consultation page<\/a><\/u><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":28,"featured_media":4732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[222],"tags":[310,447,451],"acteurs_financiers":[2444],"thematique":[2504,2423,2506],"webinar_type":[],"programme":[],"class_list":["post-4663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog_en","tag-european-central-bank-ecb","tag-green-recovery","tag-green-solidarity-en","acteurs_financiers-regulators","thematique-finance-en","thematique-fossil-fuels","thematique-sustainable-finance"],"yoast_head":"<!-- This site is optimized with the 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