In the last legislative term, the German government established the first Sustainable Finance Advisory Council. As set out in the coalition agreement, this advisory board will continue to advise the German government during the 20th legislative term and support it in developing Germany into a leading location for sustainable finance in line with the guiding principle of financial stability and sustainability.
The Advisory Council operates as an independent and effective multi stakeholder dialog platform with members from the real economy, the financial sector, civil society and academia and advises the German government on the further development and implementation of its sustainable finance strategy. In order to reflect the broadest possible spectrum of knowledge and to ensure optimal advice, the honorary advisory board members are supported by observers.
Within the framework of the German Sustainable Finance Strategy, the financial sector is to contribute to financial market stability and finance the real economic activities necessary to achieve the United Nations’ sustainability goals and the goals of the Paris Climate Agreement. Sustainable Finance also makes an important contribution to strengthening Germany’s competitiveness.