Inauguration of a multi-national project in the field of sustainable finance

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The Polish Financial Supervision Authority together with supervisory authorities in Croatia, Malta and Romania has joined a multi-national cross-sectoral project. The project focuses on the development and exchange of good supervisory practices for application of requirements under EU law in the field of sustainable finance. The project is funded by the European Union via the Technical Support Instrument (TSI), in cooperation with European Commission’s Directorate-General for Structural Reform Support and a support provider under a contract awarded by the European Commission.

The involvement in the project is to help the supervisory authority face the challenges in enforcing complex and constantly evolving requirements, in particular disclosure requirements. The project also considers the market participants’ perspective, including proper understanding of their obligations and opportunities arising from those requirements. 

The activities planned under the project refer to the renewed EU strategy for sustainable finance and Action Plan for Financing Sustainable Growth, adopted by the European Commission.  

The scope of the project under the TSI is in line with the current and future top-priority supervisory activities, including the objectives of the UKNF Strategy for 2021–2025, taking into account the current challenges. The project is consistent with the Polish government’s Strategy for Responsible Development, and therefore the policy of economic and structural priorities for Poland.