EU Ecolabel for Financial Products

25 January 2019

Consultation response

On 25th January 2019 Finance Watch responded to a consultation held by the  European Commission’s Joint Research Centre (JRC) on EU Ecolabel criteria for financial products addressed to retail investors.

The EU Ecolabel criteria will reflect the requirements of the EU Ecolabel Regulation with the aim to award the label to financial products with the best environmental performance.

In its response Finance Watch highlighted that the EU Ecolabel shall ensure that only products which fully finance environmentally sustainable activities should receive the EU Ecolabel. The EU Ecolabel will enhance the retail investors confidence in those products, only if based on highest environmental and social standards.