ShareAction: Europe

Our financial system invests trillions on behalf of citizens across Europe. The way money is invested has an impact on the world we live in, however the financial system is regulated in a way that allows short-term and unsustainable thinking to flourish.

But things are beginning to change. We are making sure that the laws governing financial markets in Europe are in line with citizens’ interests and respect our planet.

We brief and educate policy-makers; we raise our voice in the media; and we collaborate with other civil society organisations to show that our money can change everything.

 

l

2019

  • With the Disclosure and Taxonomy Regulations in their final stretch, we intensify our efforts to ensure a strong outcome.
  • We get together over 100 investors, policy-makers and, civil society representatives in Brussels to set our expectations for the future of sustainable finance.
  • We start conducting civil society and investor workshops across Europe on EU financial regulation and sustainability.
  • We push for a clarification of investors’ duties, feeding this into the ambitious work of the High Level Expert Group on Sustainable Finance
  • Through events and a letter-writing campaign, we start to bring attention to the role of human rights in sustainable finance.
  • We start work on the legislative process of the Disclosure and Taxonomy Regulations, advocating for transparency of investment impacts on the environment, and definitions of ‘sustainable’ which include human rights.
i

2018

2017

  • ShareAction opens its office in Brussels in order to intensify engagement with financial policy-makers on sustainability.
  • We had a hand in integrating ESG and stewardship into the IORPs and SRD II Directives, which are passed into law, marking the first time sustainability is mentioned in financial regulations.
  • We work with NGOs, trade unions, European Parliament, the Commission, and regulators to set the stage for strong legislation on sustainable finance.
  • We drive up responsible investment standards across Europe by ranking the 40 largest asset managers.

We continue pushing for a legal framework to promote robust company engagement on issues like climate change, through the Shareholder Rights Directive (SRD II).

w

2016

U

2015

ShareAction starts to influence regulation covering occupational pension funds to account for ESG risks, called the IORPs Directive.

ShareAction begins work to reorient the laws governing European markets towards sustainable and long-term thinking.

2014

European Policy Resources

Open letter to MEPs on Taxonomy regulation

27 March 2019

NGOs signed an open letter urging MEPs to vote for strong social and environmental protections in investments.

Download


Accelerating Progress & Reaching Scale: Proposals for the future of the Sustainable Finance Agenda

28 February 2019

This statement, prepared by ShareAction and eight other civil society organisations, lays out our shared vision for the future of the Sustainable Finance Agenda.

Download


Letter to EU policymakers on disclosure regulation

19 November 2018

ShareAction joins other NGOs and trade unions write to European policy-makers to ensure a speedy and positive progression of disclosure requirements for sustainable investments

Download


Accelerating Progress & Reaching Scale: Proposals for the future of the Sustainable Finance Agenda

28 February 2019

This statement, prepared by ShareAction and eight other civil society organisations, lays out our shared vision for the future of the Sustainable Finance Agenda.

Download


Letter to EU policymakers on disclosure regulation

19 November 2018

ShareAction joins other NGOs and trade unions write to European policy-makers to ensure a speedy and positive progression of disclosure requirements for sustainable investments

Download


NGO Recommendations for the EU Sustainable Finance Action Plan

8 March 2018

ShareAction and our European policy partners put together an updated anthology of our recommendations for the Commission’s work on sustainable finance, presented in March at the European Parliament.

Download


Accelerating Progress & Reaching Scale: Proposals for the future of the Sustainable Finance Agenda

28 February 2019

This statement, prepared by ShareAction and eight other civil society organisations, lays out our shared vision for the future of the Sustainable Finance Agenda.

Download


NGO Recommendations for the EU Sustainable Finance Action Plan

8 March 2018

ShareAction and our European policy partners put together an updated anthology of our recommendations for the Commission’s work on sustainable finance, presented in March at the European Parliament.

Download


Civil Society Response to the Final Report of the High Level Expert Group on Sustainable Finance

20 February 2018

This briefing is a unified response by a number of European civil society organisations, including ShareAction, to the ambitions and omissions in the recommendations of the High Level Expert Group on Sustainable Finance.

Download


Letter to DG FISMA on IORPS

8 March 2017

This letter was sent to DG FISMA of the European Commission to make the case for guidance on how ESG relates to the fiduciary duties of investors in the context of the IORPs Directive.

Download


Institutions for Occupational Retirement (IORPs) Directive – Significant Progress on Responsible Investment

13 January 2017

A political agreement has been reached on the EU Institutions for Occupational Retirement Directive that includes important responsible investment measures on environmental, social and governance factors.

Download


Letter to EU Permanent Representation on IORPs

18 February 2016

This letter was sent to the Financial Services Attachés in each EU Member State’s Representation making the case for responsible investment criteria to be included in the IORPs Directive.

Download


Joint Briefing – Shareholder Rights Directive

8 November 2016

This briefing paper, produced with WWF and 4 other civil society groups, explains why the current update to the EU’s Shareholder Rights Directive should include more ambitious measures on responsible investment.

Download


Proposed Revisions to the EU Shareholder Rights Directive

1 April 2015

Download


Open letter to MEPs on Taxonomy regulation

27 March 2019

NGOs signed an open letter urging MEPs to vote for strong social and environmental protections in investments.

Download


Accelerating Progress & Reaching Scale: Proposals for the future of the Sustainable Finance Agenda

28 February 2019

This statement, prepared by ShareAction and eight other civil society organisations, lays out our shared vision for the future of the Sustainable Finance Agenda.

Download


Event report: Human Rights Metrics (25 September 2018)

17 October 2018

This report contains highlights of our event on the state-of-play of social metrics and how to best capitalise on their use through the European sustainable finance agenda.

Download


ShareAction’s team in Europe

Eleni Choidas

Eleni Choidas

Manager - European Policy
Eleni Choidas

Eleni Choidas

Manager - European Policy

Eleni is ShareAction’s European Policy Manager, based in Brussels. She works on financial regulation covering the European Sustainable Finance Agenda, and has a background in human rights, having worked on business and human rights at the European Parliament's Subcommittee on Human Rights, in corporate social responsibility and in the private sector, as well in asylum and refugee policy for the Greek government. She has also worked on trade and political relations for the Brazilian Embassy in Athens, Greece, and on children's rights at a grassroots level in Rio de Janeiro, Brazil. She holds a BA in International Relations and Latin American Studies, an Executive Certificate in Financial Regulation from the London School of Economics and Political Science and is currently undertaking an MSc in Banking and Finance at the University of London.

Sunniva Gautvik

Sunniva Gautvik

Manager – European Civil Society Networks
Sunniva Gautvik

Sunniva Gautvik

Manager – European Civil Society Networks

Sunniva joined ShareAction in February 2017 to support the European Responsible Investment Network. She has a range of legal research experience, including from her work with the International Energy Agency and the Natural Resource Governance Institute. Sunniva holds an LLB in Law and Human Rights from the University of Essex, an LLM in International Law from University College London, and a keen interest in baked goods.

Eleni Choidas – Senior EU Affairs Officer
eleni.choidas@shareaction.org

Anna Irmisch – European Policy Officer
anna.irmisch@shareaction.org