High-Level Expert Group on sustainable finance (HLEG)

As announced in its communication on Capital Markets Union – Accelerating reform, the European Commission established a High-level expert group on sustainable finance (HLEG) in December 2016.

The HLEG comprised 20 senior experts from civil society, the finance sector, academia and observers from European and international institutions. The group was mandated to provide advice to the Commission on how to

• steer the flow of public and private capital towards sustainable investments
• identify the steps that financial institutions and supervisors should take to protect the stability of the financial system from risks related to the environment
• deploy these policies on a pan-European scale

Interim report of the HLEG

The interim report was published on 12 July 2017.

• Text of the interim report
• Executive summary of the Interim report
• Responses (authorised for publication) to the HLEG questionnaire on sustainable finance interim report

Final report of the HLEG

The final report was delivered on 31 January 2018.

• Press release
• Text of the final report
• Annex I: Informal supplementary document on green bonds
• Annex II: Summary of the contributions to the HLEG on Sustainable Finance consultation document
• Annex III: Informal supplementary document on the sustainability taxonomy

History of the HLEG

• Press release on the Commission decision on the creation of the HLEG - 28 October 2016
• Text of the Commission decision on the creation of the HLEG
• Call for applications for the selection of members of the HLEG
• Press release on the composition of the HLEG - 22 December 2016
• Presentation of the work of the High-Level Expert Group on Sustainable Finance - 12 April 2017
• Statement of the High Level Expert Group on Sustainable Finance on the capital markets union mid-term review - 8 June 2017
• Statement of the High-Level Expert Group on Sustainable Finance on the capital markets union mid-term review - 8 March 2018
• Statement of the High-Level Expert Group on Sustainable Finance - 24 May 2018
• HLEG on sustainable finance in the Register of Commission expert groups