Raymond Van Ermen (Belgium )
Director - EPE-European Partners for the Environment
Green Economy: New Banks Business Models and a New EU Regulatory Framework
(i) an “EU Regulation on Sustainable Responsible practices in private and public financial Institutions” addressing sustainability reporting and monitoring, lending, investment and insurance practices as well as board responsibility for environmental long-term sustainability and sustainability-based remuneration practices, linking bonus schemes to ESG performance objectives and indicators
(ii) to design a “Europe 2020 Private Financial Institutions Covenant” to meet the objectives as defined in the Europe 2020 Strategy and of securing an energy efficient, sustainable and inclusive economy (Covenant open to all banks operating in Europe, including private banks, cooperative banks, savings banks, investment banks, retail banks, asset managers, and pension funds).