Commission consults on additional criteria for sustainable finance

The European Commission has launched a four-week feedback period, open until 3 May 2023, on a new set of EU taxonomy criteria for economic activities making a substantial contribution to one or more of the following environmental objectives:

• sustainable use and protection of water and marine resources
• transition to a circular economy
• pollution prevention and control, and
• protection and restoration of biodiversity and ecosystems.

The Commission is also consulting on proposed amendments to the Taxonomy Climate Delegated Act, covering climate change mitigation and adaptation, and on the Taxonomy Disclosures Delegated Act. The criteria are informed by the recommendations of the Platform on Sustainable Finance, published in March and November 2022.

The Commission will consider the feedback received before finalising and adopting the delegated acts. In order to help users get to grips with the EU taxonomy, the Commission has also updated its existing EU Taxonomy Compass website, now embedded in a new website called EU Taxonomy Navigator. The website provides a series of online tools ultimately facilitating implementation and supporting companies in their reporting obligations.

For more information, please contact:

• Daniel Ferrie – Tel.: +32 229 86500
• Aikaterini Apostola – Tel.: +32 229 87624.

Source: https://circulareconomy.europa.eu

Published by CVTI