Mr Jose Luis Blasco has been elected on behalf of EFFAS to participate in the Technical Expert Group on Sustainable Finance which will start meeting as of July 2018 and its mandate will run until 30 June 2019, with possible extension until the end of 2019.
As part of its work on implementing the action plan on sustainable finance, the Commission set up a Technical Working Group on Sustainable Finance in spring 2018. The main tasks of the Group are to assist the Commission in the development of
- an EU taxonomy of environmentally sustainable economic activities
- an EU Green Bond Standard
- a category of "low carbon" indices for use by asset and portfolio managers as a benchmark for a low carbon investment strategy
- metrics allowing improving disclosure on climate-related information.
Jose Luís Blasco has 20 years' experience in developing corporate sustainability strategies and programmes and Global Head of KPMG Sustainability Services. He is a member of the Commission on ESG of the European Federation of Financial Analysts Societies (EFFAS);Member of the Spanish Institute of Financial Analysts (IEAF); Leadership Group Internal Audit, Risk and Compliance, KPMG International; Innovation Committee, KPMG in Spain; Spanish Institute of Directors and Board Members (IC-A); WBCSD, UNTAD and inter alia. The EFFAS Commission on ESG, has a long tradition on ESG analysis and among others published the KPI´s on ESG in 2010 and the Diploma Certified ESG Analyst.
The members of the group represent a wide variety of financial and economic actors as well as non-governmental agencies and academics. A number of European and international institutions contributing to the development of sustainable finance have been invited as members or observers to the Group. They include representatives from the European Supervisory Authorities, the European Central Bank, multilateral development banks (such as the European Investment Bank and the European Bank for Reconstruction and Development), the European Environment Agency, the United Nations Environment Programme Finance Initiative, the Central Banks and Supervisors Network for Greening the Financial System, and the Organisation for Economic Co-operation and Development.
You can download the press release publish in June 13th by the European Commission here.