BVI and its members are committed to the goals on facilitating sustainable growth, i.e. to shifting capital flows in order to accelerate transition to a more sustainable economy. The market for sustainable funds in Germany has experienced fulminant growth in the recent past. Funds that are classified as sustainable account now for EUR 361 billion on behalf of German investors at mid-year; this positive development is driven to a large extent by net inflows in retail funds. Compared to the end of the first quarter, assets have increased by eight percent. Moreover, the EU and German legal requirements to deal with sustainable risks are becoming stricter.
The entire BVI postion on the IOSCO Consultation Report can be found here.