Sustainable Finance, also known as green finance、Environment Finance，It aims to use various financial instruments to achieve the purpose of controlling pollution and protecting the environment。Under the promotion of the Paris Agreement and the United Nations "2030 Sustainable Development Agenda"，EU has actively explored and established a financial system that can promote sustainable development in recent years，The environment、Social and governance factors include investment and financing decision -making system，To improve financial stability，Inspiring market entities to contribute to the development of sustainable financial。

　　Bet365 lotto review

EU released the "Sustainable Finance Classification Law" in March 2020 (hereinafter referred to as the "EU Category Law")。The EU classification method takes the effective promoting economic sustainable development as the goal，I hope to be able to determine the standard for sustainable investment、Related investment caution principles and low -carbon benchmark，Standardize investment and financing activities，Reduce investors' concerns and help them better enter the sustainable financial market。

The EU classification method has determined the three technical screening standards for sustainable economic activities。First, a substantial contribution to the EU's environmental protection goals。This requires that related economic activities are performed in a sustainable way，And its products or services can make substantial contributions to other activities。For example，The elements of a certain economic activity can improve the environmental performance of another economic activity。Second, it will not cause significant Bet365 app download adverse effects on the achievement of the five major environmental protection goals of the European Union。EU's five major environmental protection goals include adapting to climate change、Prevent and control pollution、Protecting water resources and marine resources、Develop a circular economy and realize resource recovery and use、Protecting the ecosystem。Third is to abide by the minimum social security principle。EU classification method believes，In terms of protecting the basic rights of workers，Corporate activities need to be in line with the United Nations、Requirements for the relevant documents of the Economic Cooperation and Development Organization，Maximum reduction in negative effects on the environment and other areas of society，Only this，Relevant economic activities can be identified as helping sustainable development。

EU classification method can be applied to three types of subjects，The first category includes fund companies、EU qualified financial market participants, including insurance companies and investment banks，The second category is the "public interest entity" with more than 500 employees and companies that need to submit non -financial information reports，The third category is a member of the EU。Related enterprises need to disclose their sustainable development from the perspective of cash flow。The EU classification method clarifies the quantitative indicators to measure the level of sustainable development of the enterprise and provide a detailed case guidance，Provide operationable for information disclosure of various financial products、Copy、Calculating method that can be promoted。In terms of standard implementation，EU first incorporated financial institutions into the disclosure plan of the standard framework。Since 2021，Non -financial information reports of financial institutions need to meet the standards stipulated in the EU Category Law。

European Central Bank、bet365 best casino games European Banking Administration、European Securities and Market Administration, as well as the European Insurance and Vocational Pension Administration, have played an important role in promoting the implementation of the EU classification law。The European Central Bank will incorporate sustainability into the scope of prudent supervision，Set up sustainable management expected standards for banks and insurance companies，Strengthen the supervision of climate change related financial risks。At the same time，Carrying climate pressure test in the euro area，Evaluate the impact of climate risk on enterprises and banks。According to media reports，The European Central Bank has incorporated the adjustment of the adjustment of the bank's climate risk capital into the agenda，and hope to improve the ability of banks to deal with sustainable risks。The European Banking Administration released the "Sustainable Financial Action Plan"，The environment、Social and governance risk factors are officially included in the financial sustainability evaluation system and the regulatory framework of EU credit institutions。The European Securities and Market Administration released the "Sustainable Financial Strategy"，clarify how the bureau will take the environment、Social and governance factors embedded in their own work，and plan to implement the transparency obligations of the market's main information、Analysis of green bond risks、Promote the integration and practice of sustainable financial supervision of EU member states，Promoting the concept of sustainable development becomes the core concept of market development。The European Insurance and Vocational Pension Administration will focus on promoting EU member states to allow enterprises to take the environment、Social and governance factors include pension investment and risk management strategies，How to disclose how they make the environment、Social and governance factors Bet365 lotto review include the relevant strategies。

　　Specific Sustainable investment product information disclosure

Beyond the EU Category Law，EU also released regulations on the "Regulations on Sustainable Financial Information Disclosure", "Green Bond Standards" and "Non -Financial Information Discovery instructions"，formed a system of information disclosure framework system that has begun to take advantage of the scale。This system provides investors with whether financial products have environmental sustainability judgment standards，Provide asset managers with an evaluation of its own environment、Society、Method for governance performance and information disclosure，It helps to improve the transparency of sustainable investment products、Comparable and recognizable。

The "Regulations on Sustainable Financial Information Disclosure" clarify the disclosure obligations of the market body，Requires the financial service industry to disclose information about the transparency and sustainability of investment，It is also required to disclose the specified environment of relevant market entities、Social and Governance Data。Specifically，Market entities to disclose both sustainable development risks related to investment projects will bring about the impact of investment returns，It is also necessary to disclose how investment projects will affect sustainable factors such as climate change。The "Regulations on Sustainable Financial Information Disclosure" requirements include asset management companies、Institutional investors, including insurance companies and fund companies，Explain to its customers or stakeholders how to improve the environment or social benefits，or how the report will manage the environment during the investment process、Social and governance risks，Make the project in sustainability。The disclosure of sustainable financial information is designed to increase the transparency of financial products，It helps market entities to pay attention Bet365 lotto review to the environment during the investment process、Social and governance risks，The real -oriented sustainable development of the investment。

"Green Bond Standard" although it is not compulsory，But following this standard can reduce the difficulty of bond issuers raised large -scale funds，It can also help investors better determine whether the investment items they choose are sustainable and reduce risk。This standard is open to bond issuers inside and outside the European Union。The EU has established an external reviewer registration and supervision mechanism，Maintain the integrity of the green bond market。All EU green bonds need to pass the censorship of external reviewers，External reviewers can also evaluate the green level of these bonds itself and their funding activities。

"Non -Financial Information Discovery instructions" require large enterprises and enterprise groups to report non -financial information，Disclosure of non -financial information related to sustainability, as well as the risk generated by how companies manage it。This can help stakeholders, including investors, evaluate non -financial performance，Urges enterprises to carry out business activities more。Where，Non -financial information related to sustainability mainly involves two problems: first, financial importance，That is how to affect corporate financial status; second, environmental and social importance，The impact of the company on the sustainability of the environment。

　　Promote enterprises to attach importance to long -term sustainable development

While working hard to standardize the disclosure of product information for sustainable investment，EU also launched an initiative on the sustainability of corporate governance，I hope to improve the framework of corporate law and corporate governance supervision。The initiative is designed to enable enterprises to focus on long -term sustainable creation value rather than get short -term benefits，Balance shareholders better、Corporate manager、Interests of stakeholders and society，Bet365 lotto review and help companies better achieve sustainable development、Manage the transaction involved in its own operation and value chain。

Compared with long -term development and sustainability，Many companies are overly concerned about short -term performance。Realize the overall sustainable development of the business and financial industry，allowing enterprises to continue to create value for a long time，Need the common participation of most enterprises，You need to start with the company's own business details。EU's initiative on the sustainability of corporate governance focuses on the compulsory supervision and due diligence of the corporate board of directors，It is emphasized that the salary of the board and executives should be consistent with the company's sustainable development goals，Guide enterprises from only focusing on protecting the rights and interests of themselves and shareholders，Steering to pay attention to comprehensive and sustainable development，Make sure that no interests are suffered significant damage，Create long -term value for yourself and stakeholders。In terms of internal governance of the enterprise，New technologies should be developed through appropriate processes and arrangements、Strengthen business model innovation and improve business performance，Then improve risk management capabilities，Through the goal of promoting sustainable development through corporate governance。

　(This article is the research of the RMB internationalization evolution mechanism after the SDR of the Hunan Social Science Foundation of Hunan Province "(17YBA054)、National College Student Innovation and Entrepreneurship Training Program Project "Research on the Innovation Path and Strategy of Green Financial Development of Commercial Banks in Carbon and Backgrounds" (202111532013) phased results)

(Author Unit: Hunan Institute of Finance and Finance、Xiangtan University Business School)