Finland’s Presidency of the Council of the European Union
Council of the EU and European Parliament reach political agreement on classification of sustainable investments

Ministry of Finance 18.12.2019 12.37
News item

The classification system will help investors to compare the sustainability of different investments, and the aim is to direct capital towards more environmentally sustainable investments.

The Council of the European Union and the European Parliament have reached a political agreement on the classification of sustainable investments. The Finnish Presidency represented the Council in the trilogue negotiations with the European Parliament and the European Commission.

On Wednesday 18 December, in a meeting of the Committee of Permanent Representatives (Coreper), the member states’ EU ambassadors confirmed the political agreement made with the European Parliament.

Press release from the Council of the European Union

Sustainable finance: classification system for sustainability of investments (EU2019FI backgrounder)

Inquiries:

Marianna Uotinen, Senior Specialist, tel. +32 473 523 119, Permanent Representation of Finland to the EU, marianna.uotinen(at)formin.fi
Milla Kouri, Financial Specialist, tel. +358 50 599 3516, Ministry of Finance milla.kouri(at)vm.fi