Submitted by E.M. Williams on Tue, 10/01/2017 - 13:48
10 January 2017 – The European Commission has appointed the University of Cambridge Institute for Sustainability Leadership as one of the 20 members of the newly established Group.
The Group, which meets for the first time this month, comprises leaders from business, finance, civil society and academia. It has been tasked with making recommendations for a comprehensive EU strategy on sustainable finance to help the Commission determine how to integrate sustainability considerations into the EU's rules for the financial sector.
CISL, the only academic institution on the Group, will be represented by its Senior Associate, Dr Paul Fisher, who was selected from over 100 candidates by the Commission alongside the Founding Chair of CISL’s Investment Leaders Group, Philippe Zaouati, and another CISL Senior Associate, Steve Waygood, Chief Responsible Investment Officer at Aviva Investors. Candidates were selected on the basis of the prominence of their institution in this area, their contribution to sustainable finance as well as their personal expertise.
Speaking of the appointment, Dr Paul Fisher said:
“In my latter years at the Bank of England, I saw sustainability issues like climate change become matters of hard commercial consideration in the financial sector. The European Commission is therefore right to develop a comprehensive strategy to integrate sustainability considerations into its policies for the financial sector. I look forward to drawing on CISL’s own research as well as its deep practical experience supporting financial institutions to deliver sustainability leadership in this role.”
Andrew Voysey, Director, Sustainable Finance, CISL, added:
“Together with our role as Knowledge Partner to the G20 Green Finance Study Group, this appointment is a further demonstration of the value of CISL’s sustainable finance expertise to policymakers around the world. I’m delighted that the European Commission has seen such value in CISL’s unique combination of sustainable finance research, education and business engagement capabilities as to appoint Cambridge as the academic institution on the Expert Group.”
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