{"id":35088,"date":"2021-08-20T09:30:01","date_gmt":"2021-08-20T07:30:01","guid":{"rendered":"https:\/\/www.fma.gv.at\/pensionskassen\/sustainable-finance\/"},"modified":"2025-01-30T11:01:43","modified_gmt":"2025-01-30T10:01:43","slug":"sustainable-finance","status":"publish","type":"page","link":"https:\/\/www.fma.gv.at\/en\/pensionskassen\/sustainable-finance\/","title":{"rendered":"Sustainable Finance"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"wp-block-paragraph\">Pensionskassen will take on a key role in the structural change towards a climate-neutral economy. As institutional investors they may contribute significantly to reducing the impact of climate change and to make the transition to a more sustainable and more resilient economy. By integrating sustainability aspects in relation to Environmental, Social and Governance (ESG) factors into the regulatory and supervisory legal frameworks, capital flows should now accordingly be diverted towards sustainable investments in accordance with the <a href=\"https:\/\/ec.europa.eu\/info\/business-economy-euro\/banking-and-finance\/sustainable-finance_en\" class=\"external\" target=\"_blank\" rel=\"noopener\">European Commission&rsquo;s Action Plan on Sustainable Finance<\/a> and the <a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?qid=1596443911913&amp;uri=CELEX:52019DC0640#document2\">Green Deal<\/a>, and measures pushed for overcoming financial risks arising from climate change, natural catastrophes and social problems as well as for promoting transparency and long-term thinking in financial and economic activities.<\/p><p>\n\n\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a3b3d898c251\">    <h2 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a3b3d898c251\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a3b3d898c251\">        <span>Legal sources<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h2>  <\/div>  <div id=\"collapse-heading-6a3b3d898c251\" class=\"collapse\" aria-labelledby=\"heading-6a3b3d898c251\">    <div class=\"card-body\"><p><\/p><p class=\"wp-block-paragraph\">Please see <a href=\"https:\/\/www.fma.gv.at\/en\/pensionskassen\/disclosure\/supervisory-disclosure\/\">&bdquo;Laws, administrative regulations and general guidance&ldquo;<\/a><\/p><p class=\"wp-block-paragraph\">    <\/div>  <\/div><\/div><p>\n\n\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a3b3d898c286\">    <h2 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a3b3d898c286\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a3b3d898c286\">        <span>The FMA&rsquo;s Priorities for Supervision<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h2>  <\/div>  <div id=\"collapse-heading-6a3b3d898c286\" class=\"collapse\" aria-labelledby=\"heading-6a3b3d898c286\">    <div class=\"card-body\"><p><\/p><p class=\"wp-block-paragraph\">While accompanying supervised entities in the transition process, the <abbr title=\"Financial Market Authority\">FMA<\/abbr>  has set the strategic framework conditions, has intensified the dialogue with the insurance undertakings and set the following priorities:<\/p><ul class=\"wp-block-list\">\n<li><strong>Asset Screenings:<\/strong> since 2019, the <abbr title=\"Financial Market Authority\">FMA<\/abbr>  has been conducting various analyses of the transitional risks in investment, in order to identify those assets in the portfolios that would be exposed to potentially higher fluctuations in price during a transition to a more CO<sub><sub>2<\/sub><\/sub>-neutral economy. Furthermore, the share and corporate bond portfolios are valued and analysed under different transition scenarios with regard to the decarbonisation of the economy, to what extent companies in which the Pensionskassen invest, must reduce their CO<sub><sub><sub>2<\/sub><\/sub><\/sub> emissions, in order to achieve a path that conforms with the Paris climate objectives.<\/li>\n\n\n\n<li><strong>Climate stress test:<\/strong> The <abbr title=\"Financial Market Authority\">FMA<\/abbr>  regularly conducts stress tests to analyse the risks and vulnerabilities in the Pensionskassen sector especially with regard to the current economic climate as well as for assessing the risk capacity of the individual undertakings. For this purpose, the <abbr title=\"Financial Market Authority\">FMA<\/abbr>  also examines the impacts of future climate policy, the advent of low-carbon technologies, the economy&rsquo;s level of adaptation or the occurrence of extreme events.<\/li>\n\n\n\n<li><strong><u><a href=\"https:\/\/www.fma.gv.at\/pensionskassen\/informationsveranstaltungen\/\">ESG Dialogue:<\/a><\/u><\/strong> in accompanying insurance undertakings in the transition process in order to achieve the objectives of the European &ldquo;Green Deal&rdquo; the <abbr title=\"Financial Market Authority\">FMA<\/abbr>  has intensified its dialogue with the industry, in order to inform the insurers as early as possible about the current developments, the <abbr title=\"Financial Market Authority\">FMA&rsquo;s<\/abbr>  initiatives and the results of the asset screenings.<br><\/li>\n<\/ul><p class=\"wp-block-paragraph\">    <\/div>  <\/div><\/div><p>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pensionskassen will take on a key role in the structural change towards a climate-neutral economy. As institutional investors they may &#8230;<\/p>\n","protected":false},"author":60,"featured_media":0,"parent":7874,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-35088","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sustainable Finance - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/pensionskassen\/sustainable-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sustainable Finance - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"Pensionskassen will take on a key role in the structural change towards a climate-neutral economy. 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