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 Full text 
Thursday, 28 March 2019 - Strasbourg Revised edition

Establishment of a framework to facilitate sustainable investment (debate)

  Sirpa Pietikäinen, Rapporteur. – Mr President, the financial sector and investors are all on board already. They are willing to move, and they are willing to change the investment structure transparently so that it is more sustainable. Let us give them the right tools.

You all know that the time span of the investment from the decision to invest on something, up to the building construction and up to the use, is tens of years. The worst thing we can do is give the wrong signal to investors – for example, ‘please let’s invest in coal and old—fashioned technologies, and label it as green’. We cannot go back to them after five to ten years, like it is with the 2030 targets on climate reduction, and say ‘look, we got it wrong, now we are changing the rules of the game once again’, and after five or ten years go back and say ‘look, actually, palm oil was a huge mistake, you shouldn’t invest in it’ – because the money and investment is already there.

This means that we have to bear our responsibility. We have to set that kind of a taxonomy that takes other aspects other than just climate on board, that gives the right incentives and guidance for investors and that is reliable from the investment perspective for the upcoming 30 years. We owe this to investors, to our pensioners, and to future generations.

Last updated: 8 July 2019Legal notice