Strengthening EU Participatory Governance: Lessons Learnt from the Platform on Sustainable Finance
The European Commission’s participatory governance framework plays a crucial role in shaping EU policies, as exemplified by the Platform on Sustainable Finance (PSF). However, the PSF’s first two mandates revealed deficiencies in terms of transparency, balance, fairness, and accountability, limiting the body’s capacity to enhance the effectiveness and legitimacy of policymaking. As the PSF’s second mandate ended in March 2025, this policy brief discusses several lessons that can be learnt from this experience. It recommends structural reforms to strengthen both the legitimacy and quality of EU sustainable finance policymaking and to enhance participatory governance in the EU more broadly.
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