Georg Schürmann
In order to ensure that it is fit for the future, Germany as a financial centre must develop into one of the leading centres for sustainable finance. This can only be achieved with far-reaching recommendations that go beyond what is currently being discussed at the European level. One such recommendation is to establish a mandatory classification system for all financial products. The measures at the European level are aimed solely at preventing greenwashing and ensuring transparency regarding sustainable products. The Committee’s recommendation goes further. Taking the new European disclosure regulation into account, the aim is to establish more transparency for all market participants regarding the sustainability opportunities and risks of all financial products. This increased transparency will not only prevent greenwashing, it will also play an important role in bringing about the transformation.