ENGAGE for ESG Contributes to the European Commission Targeted Consultation on the functioning of the EU securitisation framework.
The ENGAGE Consortium contributed to the Targeted Consultation, in particular, to question 12.8, with regards to the role of securitisations for green transition financing. The Consortium highlighted the need to improve transparency with regards to sustainability data and recommended adding to the ESMA Templates the relevant additional fields that enable the qualification of transactions as “sustainable” according to the EU Taxonomy Regulation and its delegated acts, extending loan-by-loan data with specific collateral energy efficiency information.
To achieve the proposed 55% emission reduction climate target by 2030, around EUR 275 billion of additional investments are needed per year.
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