The German Federal Government established the Sustainable Finance Committee, to advise the government as it establishes a national sustainable finance strategy and to develop specific recommendations to boost Germany’s long-term attractiveness to business and finance. This includes consideration of European and international initiatives as well as the German government’s ongoing work on the federal investment strategy. First drafts of a strategy will be presented for discussion at the 3rd Sustainable Finance Summit on 16 October 2019. The committee, a cooperation of the Federal Finance Ministry (BMF) and the Federal Environment Ministry (BMU), working in close coordination with the Federal Economics Ministry (BMWi), is comprised of working groups covering the following subjects:
• sustainable finance strategy and communication;
• financial market stability and risk management;
• disclosure and transparency; and
• end users (retail and institutional).