EU Platform for Sustainable Finance Calls for Feedback on a Social Taxonomy
Published 17 August 2021
Category: Impact and ESG
The EU Platform on Sustainable Finance has published its draft reports on the merits and potential design of a social taxonomy:
- report on a social taxonomy
- report on taxonomy extension options linked to environmental objectives
The aim of the social taxonomy is to enable investors to identify and allocate capital towards economic activities that are socially sustainable and make significant contributions to human rights objectives.
The Commission calls the reports important steps in the Platform’s deliverables to advise the Commission on potential extensions of the taxonomy framework beyond environmentally sustainable activities. The Platform’s advice on this will feed into the Commission’s report on describing the provisions that would be required to extend the scope of the Taxonomy Regulation, to be adopted by the end of 2021.
The EU Platform on Sustainable Finance is an advisory body assisting the Commission in the development of its sustainable finance policies, including on the development of an EU taxonomy. The Platform welcomes stakeholder feedback on the draft reports until 27 August 2021.
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