Croatian reg' pledges to make green push in local law
Ante Žigman, chairman of the Board of the Croatian financial services supervisory agency Hanfa, said on Thursday that the regulator will bolster its green focus in the near future. Speaking at a conference on the post-Covid financial services environment, Žigman declared that Hanfa will propose to integrate into Croatian laws elements aimed at increasing the attractiveness of investments in sustainable assets such as green bonds. "But to involve systematically institutional investors in the financing of green projects, several requirements need to be met. The first prerequisite is a quality measurement of the environmental component for companies. ESG criteria (environmental, social and governance) are a good start, but currently a relatively small number of companies regularly measure and publish them," he added. Hanfa's board chairman also argued that ESG criteria will direct issuers into "desirable changes in gender equality and greater representation of women on company management and supervisory boards."