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Finance Watch publishes its Annual Report 2024

21 February 2025

Reading level: Regular

Reading Time: 3 min.

Finance Watch’s Annual Report 2024 provides an overview of the organisation’s key policy activities and accomplishments for the year ending 31 December 2024, as well as the continuous expansion of Finance Watch membership and the evolution of its team.

2024 was an important year for Europe, and for Finance Watch.

As Europeans voted and EU priorities emerged, Finance Watch called for an ambitious financial reset. The organisation continued pressing for a system capable not only of confronting the many challenges facing the continent, but funding the responses in a way which benefits people and protects the planet, and prevents another financial crisis.

The following outcomes are but a small indication of the role Finance Watch played in securing crucial successes in 2024:

The European Insurance and Occupational Pensions Authority (EIOPA) recognised the climate-related risks of fossil fuel investments and proposed an increase in insurance capital charges. Find out more.
The European Parliament and the Council (co-legislators) adopted rules for environmental, social and government (ESG) rating providers which will enhance transparency of ESG ratings. The final rules include many of the proposals Finance Watch made in its policy brief on ESG rating regulation. Discover more on the Finance Watch blog.
The review of banking and insurance prudential rulebooks resulted in the adoption of dedicated provisions on climate risk. Specifically, banks and insurers will be obliged to implement transition plans and manage their risks in relation to the transition to a sustainable economy. Supervisors, in turn, will oversee the implementation.
The co-legislators adopted their respective positions on the Financial Data Access (FIDA) Regulation as part of the ongoing ordinary legislative process. Many of Finance Watch’s key positions were taken onboard in both co-legislators’ positions. These positions included the introduction of data use perimeter rules for all essential financial services and the need for safeguards to mitigate risks stemming from gatekeepers (large BigTechs). Learn more on this website page.

This is just a taste of what Finance Watch accomplished during the year; we invite you to read the report and discover more of what the organisation covered in 2024.

Finance-Watch-Annual-Report-2024-June

Download pdf

We couldn’t have done this alone! We are grateful to our members and donors for their ongoing support. In 2024, Finance Watch worked with more than 100 members from 20 European countries to put the public interest at the forefront of EU policymaking.

Looking to 2025, as the new lawmakers begin their mandate, Finance Watch will ensure your voice is heard. Together, more than ever, let’s make finance serve society!

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