Platform on Sustainable Finance’s report with recommendations on technical screening criteria for the four remaining environmental objectives of the EU taxonomy

Description

In line with the Article 20 of the Taxonomy Regulation ((EU) 2020/8521), the European Commission has set up a permanent expert group, the Platform on Sustainable Finance. The Platform on Sustainable Finance will assist the Commission in developing its sustainable finance policies, notably the further evelopment of the EU taxonomy. The Platform operates through a plenary in full composition of all 57 members and 10 observers, supported by subgroups where the technical work on its opinions, reports or recommendations takes place.

This report (Part A) sets out the platform on sustainable finance’s recommendations to the European Commission. This report principally contains recommendations relating to technical screening criteria for objectives 3 – 6 of the Taxonomy Regulation, as well as recommendations to improve the design of the Taxonomy and the Taxonomy criteria.

This report is supplemented by a Technical Annex (Part B) containing technical screening criteria for economic activities contributing to all six environmental objectives of the Taxonomy Regulation, including the rationale for those criteria.

These recommendations have been developed over 15 months and with substantial consultation and scientific and technical input. The platform has received input from all parts of the investment chain, industry sector representatives, academia, environmental experts, civil society and public bodies.

Reference information