Insurance Europe's response to a consultation on the European Commission’s proposal for a regulation on disclosures for sustainable investments and sustainability risks.

As Europe’s largest institutional investors, insurers invest their assets with a long-term perspective and sustainability is a key factor in their investment decisions.

Insurance Europe stresses that developing a EU taxonomy for sustainability must first be prioritised and accelerated. Any sustainability-related regulatory requirements linked to the taxonomy should remain voluntary until the taxonomy is sufficiently mature, so that market players are not exposed to uncertainty and legal risks.