The European Commission has appointed PRI Chief Responsible Investment Officer Nathan Fabian as chair of the European Platform on Sustainable Finance.
The Platform on Sustainable Finance will advise the European Commission on the development of robust and science-based technical screening criteria for the EU taxonomy and policy development, as well as other duties, according to the European Commission.
Fabian will retains his current role with the Principles for Responsible Investment in addition to the chair position, the PRI confirmed.
Fabian has served as rapporteur for the taxonomy sub-group of the Technical Expert Group on Sustainable Finance (TEG) and he has fifteen years of professional experience in sustainable finance in government policy, investment research and ratings on companies, and the development of investment processes and tools. The platform will reach out to a wide range of stakeholders through both public consultations and targeted outreach.
"We warmly congratulate Nathan Fabian on his appointment as chair of the European Commission's Platform on Sustainable Finance, and are very pleased that he will also continue in his current role as chief responsible investment officer at PRI," said Fiona Reynolds, PRI CEO. "The well-deserved appointment reflects Nathan's tremendous depth of knowledge and experience in sustainable finance - including his time as Rapporteur for the Taxonomy Group of the EU Technical Expert Group on Sustainable Finance - will be a tremendous asset in the role. More broadly, the Platform is an important step forward for the EU, and sets a leading example for markets globally, in advancing responsible investment."
Before joining the PRI in 2015, Fabian was CEO of the Investor Group on Climate Change. Prior to working at IGCC, Fabian worked for two and a half years as head of ESG research at Regnan, an ESG engagement and research specialist. He has also worked as a senior consultant for Arthur Andersen and as a market analyst at Krone, a German-based telecommunications company, and as a corporate governance policy advisor to Senator Penny Wong.
"This Sustainable Finance Platform will provide valuable ideas and input in our work to drive green finance forward and to develop the taxonomy, which will play a crucial role in channelling investment into green economic activities," said Valdis?Dombrovskis, executive vice-president for an Economy that Works for the People. "It has been heartening to see such tremendous interest from such a wide range of experts and stakeholders to join the platform. We have struck a very careful balance in selecting people from a wide range of sectors including civil society, industry and academia, and with different skills. I look forward to working closely with the Platform over the next months."?
The European Commission is committed to transitioning the EU towards climate neutrality.