EU Taxonomy Regulation
The Taxonomy is a critical tool that will assist issuers, project promoters, investors and other financial market participants in identifying sustainable, enabling and transitional economic activities. The regulation requires asset managers to disclose the proportions of their Taxonomy-compliant “green asset ratios” in funds with sustainability objectives and characteristics.
Asset managers will rely upon investee companies’ reporting against the technical screening criteria introduced by the Taxonomy. Given that these criteria will be fundamental in guiding the investment decisions of asset managers and, increasingly so, of public authorities, they should allow for a sufficiently broad investible universe, including transitional activities. EFAMA has also contributed to the development of industry-relevant Taxonomy Key Performance Indicators for financial and non-financial undertakings.
EFAMA comments European Commission's Taxonomy Proposal (Sustainable Finance Package)
EU needs a usable, investor-centric and globally relevant social taxonomy
EFAMA responded to a public consultation of the Platform on Sustainable Finance on a social taxonomy.
Brown taxonomy: An opportunity to transition away from significantly harmful activities
EFAMA responded to a public consultation of the Platform on Sustainable Finance on taxonomy extension options linked to environmental objectives.
EFAMA welcomes proposed transitional period under Art. 8 of the taxonomy and calls for its alignment with SFDR taxonomy-related product disclosures
EFAMA has published its response to a consultation on the draft delegated act under Article 8 of the Taxonomy.
3 questions to Thierry Bogaty on the EU Ecolabel for retail financial products
Q #1 Can the EU Ecolabel for retail financial products help channel individual investors’ savings into environmentally sustainable projects?
A well-designed EU Ecolabel has the potential to provide clear guidance on the financial products retail investors can invest in if they wish to support environmentally sustainable projects and activities - in line with the EU Taxonomy Regulation. The European Commission wants to create a trusted and verified label for retail investors, who would benefit from better comparability of financial products.
