On Monday 3 September, Paul Tang (S&D, Netherlands) presented the committee on economic and monetary affairs of the European Parliament with his draft report on the proposed regulation clarifying how institutional investors must include environmental, social and governance (ESG) factors in their investment decision-making.
“What the European Parliament wants to aim for is changes in the mind-set of investors; it cannot be just about money, it should be broader and with a longer time horizon”, he explained.
In so doing, he revisited the major modifications set out in his draft report, for instance on the concept of due diligence.
The political groups have until 12 September to table their amendments to this report, ahead of a committee vote scheduled for 5 November.
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