On 3 August 2021, the Platform on Sustainable Finance published a draft report on preliminary recommendations for technical screening criteria for the EU taxonomy.
The draft report prepared by the dedicated Platform subgroup, the Technical Working Group (TWG), is an important step in the Platform’s main mandate under the Taxonomy Regulation to advise the European Commission on the development of the EU taxonomy, and in particular on the development of technical screening criteria (TSC) for the 6 environmental objectives, including the transition to a circular economy, as set out in the Taxonomy Regulation.
The EU taxonomy is a classification system, establishing a list of environmentally sustainable economic activities. It could play an important role helping the EU scale up sustainable investment and implement the European green deal. The EU taxonomy would provide companies, investors and policymakers with appropriate definitions for which economic activities can be considered environmentally sustainable.
Source and more information in call for feedback: https://ec.europa.eu/info/publications/210803-sustainable-finance-platform-technical-screening-criteria-taxonomy-report_en
© Copyright of photo: European Commission 2020