Prof. Dr. Ulrich Volz appointed to German Federal Government’s Sustainable Finance Advisory Council

 

Gruppenfotos Sustainable Finance-Beirat. Berlin, 10.06.2022

© Bundesfinanzministerium / Photothek

Prof. Dr. Ulrich Volz was appointed to the Sustainable Finance Advisory Council of the German Federal Government that comprises 34 members from the real economy, the financial sector, civil society and academia.

The Advisory Council operates as an independent multi stakeholder dialogue platform and advises the German government on the further development and implementation of its sustainable finance strategy. In order to reflect the broadest possible spectrum of knowledge and to ensure optimal advice, the honorary advisory board members are supported by observers, including the Deutsche Bundesbank, the Federal Financial Supervisory Authority, KfW, and GIZ.

Now, Prof. Dr. Ulrich Volz was appointed as a new member to the Sustainable Finance Advisory Council of the German Federal Government that comprises 34 members from the real economy, the financial sector, civil society and academia.

The Advisory Council held its inaugural meeting at the Federal Ministry of Finance on 10 June 2022. The meeting was led by Dr. Florian Toncar, Parliamentary State Secretary at the Federal Ministry of Finance, and Stefan Tidow, State Secretary at the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection.

The German government established the first Sustainable Finance Advisory Council in 2019. As set out in the coalition agreement, the Sustainable Finance Advisory Council will continue to advise the German government during the 20th legislative term and support it in developing Germany into a leading location for sustainable finance in line with the guiding principle of financial stability.

Within the framework of the German Sustainable Finance Strategy, the financial sector is to contribute to financial market stability and finance the real economic activities necessary to achieve the United Nations’ sustainability goals and the goals of the Paris Climate Agreement. Sustainable Finance also makes an important contribution to strengthening Germany’s competitiveness.

The background to the initial convening is a decision taken by the State Secretaries’ Committee for Sustainable Development on 25 February 2019, at the initiative of the Federal Ministry of Finance and the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety and in close consultation with the Federal Ministry for Economic Affairs and Energy.

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