The programme will cover the 2021-2027 period, but all measures relating to the post crisis recovery are set to be applied in the first years.

Tackling cross-border health threats

The programme aims to strengthen prevention, preparedness, surveillance and response in crisis times and improve coordination of emergency capacity. It aims to build reserves of medicines and medical supplies, healthcare staff and experts and provide technical assistance.

RescEU, which is part of the EU Civil Protection Mechanism, will continue to provide rapid reaction and focus on direct crisis response capacities, while EU4Health would include strategic medical stockpiles for longer-term use and a reserve of medical staff who could be mobilised in case of a crisis.

Making medicines and medical supplies available and affordable

The EU wants to support efforts to monitor shortages of medicines, medical devices and other healthcare products relevant in a crisis and limit the dependency on imports of medicines and active pharmaceutical ingredients from non-EU countries. It also aims to boost innovation and more environmentally friendly production.

Strengthen health systems and healthcare workforce

National health systems should become more efficient and resilient by: boosting investment in disease prevention programmes; supporting the exchange of best practices; global cooperation; and improving access to health care

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) will organise a public hearing on proposed environmental, social and governance (ESG) disclosure standards for financial market participants, advisers and products.

The aim of the public hearing is to explain and discuss the content of the consultation paper published on 23 April, on the draft RTS under the Regulation on sustainability‐related disclosures in the financial services sector. The hearing will be of interest to any stakeholder affected by the Regulation on sustainability-related disclosures in the financial services sector, such as financial market participants, financial advisers, including their representative associations, environmental associations, investor representatives or consumer bodies, and consultants or academics and representatives from the EU and national institutions

To attend the hearing, please register by 25 June using the form available on the public hearing page. Registered participants will receive information on how to join the hearing online or by dial-in after the close of the registration period. 

Register here

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Background

On 23 April, the ESAs issued a joint Consultation Paper on ESG Disclosures. The consultation paper seeks the views of interested parties on draft Regulatory Technical Standards (RTS) under the Regulation on sustainability‐related disclosures in the financial services sector (Regulation (EU) 2019/2088). The ESAs’ draft RTS contain proposals on entity-level disclosures on the principal adverse impact that investment decisions have on sustainability factors and on the pre-contractual, website and periodic disclosures for products with environmental or social characteristics or objectives. The technical standards on product disclosures lay down as well the information to be provided by products that have designated a sustainable index as a reference benchmark.

Format

The public hearing will be organised as a webinar due to the on-going public health concerns associated with the COVID-19 pandemic. The ESAs invite interested stakeholder to register using the link provided below to take part in the hearing.  Participants will be able to join the webinar on-line or by dialling in.

Objectives

The aim of the public hearing is to explain and discuss the content of this consultation paper on RTS under the Regulation on sustainability‐related disclosures in the financial services sector through an interactive dialogue between the ESAs and external stakeholders.

Target audience

The open hearing will be of interest to any stakeholder affected by the Regulation on sustainability-related disclosures in the financial services sector, such as financial market participants, financial advisers, including their representative associations, environmental associations, investor representatives or consumer bodies, and consultants or academics and representatives from the EU and national institutions.

The language of the public hearing is English.

Duration 

The duration is one day (Timing: 10:00 to 16:00 CET).

The agenda for the hearing will be released closer to the date of the hearing, and will follow the structure of the consultation paper, covering the topics raised in the RTS on entity-level principal adverse impact disclosures and product level ESG disclosures.