What to Expect From the EU Taxonomy of Sustainable Activities

The EU’s latest plans will shine a new light on funds’ and companies’ degree of environmental sustainability

Andy Pettit 5 June, 2020 | 10:25AM

taxonomy

The EU’s taxonomy of sustainable activities is a foundational piece of the Sustainable Finance Action Plan, which we recently shared an update on. The taxonomy is a classification framework to identify environmentally sustainable economic activities and will serve to help finance the transition to a more sustainable economy.

Political agreement on this new regulation was reached at the close of 2019, though as of May 2020, the final text had not been adopted in the Official Journal of the European Union. However, the EU Technical Expert Group did publish its final report in March, which provides information about the final versions of many of these standards that are due to take effect at the end of 2021.

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About Author

Andy Pettit  Director, Policy Research (EMEA), Morningstar

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