Sustainable finance (SF) is rapidly evolving and becoming increasingly relevant. In this context, the need for regulation and standardisation at the European level has progressively gained importance. In July 2020, the EU Commission (EC) published the Taxonomy Regulation, setting out some conditions that an economic activity has to meet in order to qualify as environmentally sustainable. While the taxonomy is already in place, it is still a work in progress that needs further development. In this context, the EC established in September 2020 the Platform on Sustainable Finance to seek advice and recommendations in developing sustainable finance policies and notably to further develop the EU taxonomy.
On the 24th and 26th of February, the Platform on Sustainable Finance organised five webinars about their work on the EU Taxonomy. Through presentations, panel discussions, and Q&A sessions, these webinars posed an occasion to confirm the taxonomy’s key objectives and discuss the latest developments in the matter, initial considerations, and future steps.
The main key takeaways from these sessions can be found here, aiming to provide an update and an explanation of the work carried out by the Sustainable Finance Platform and the EU taxonomy’s status.