SUSTAINABILITY STAMPS FOR companies may be subject to stricter regulation in the future under a new proposal from the European Commission.
EU Commissioner for Financial Markets Mairéad McGuinness said that “at the moment, this area is completely unregulated”. The regulation should improve the quality of this information by making clearer what constitutes a ‘sustainable’ investment. The Irish government is currently working on legislation to introduce an auto-enrolment pension scheme that would involve employees’ contributions to their pension being matched by their employer as a percentage of the employee’s gross income and further topped up by the State.
Read Next Related Reads Human-caused greenhouse gas emissions at 'all-time high' EU Commissioner says auto-enrol pensions should be 'transparent' about climate sustainability Ireland’s 2019 Climate Action Plan included a measure to consider how a new requirement could be placed on pension providers to give holders more information about whether their money was invested in fossil fuels and alternative options.