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.
Tags: Sustainability
Also tagged ‘Sustainability’
The Danish FSA: Significant Room for Improvement for SFDR Disclosures
The Danish FSA has assessed the quality of 4 pension companies and eight credit institutions' website disclosures with regards to information about their policies on the integration of sustainability risks in the investment decision-making process.
AIFMDComplianceDisclosure RequirementsSustainabilityApplication of SFDR Level 2 Obligations Delayed (Again)
The European Commission has once again delayed the application of the level 2 obligations of the Sustainable Finance Disclosure Regulation (SFDR) until January 2023.
AIFMDComplianceDisclosure RequirementsSustainabilityThe Value Reporting Foundation – The Merger of IIRC and SASB
The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) has merged to form the Value Reporting Foundation.
SustainabilityVenture CapitalConsultation on Sustainable Corporate Governance Initiative is Completed
On 25 October 2020, the European Commission launched a public consultation on a possible EU-level regulatory initiative dedicated to foster long-term sustainable and responsible corporate behavior.
SustainabilityESA Publishes Joint Supervisory Statement on the Interpretation on Fund Managers’ ESG Disclosure Obligations
From 10 March 2021, fund managers are required to make certain ESG disclosures available on their website and in their pre-contractual disclosures to investors.
AIFMDComplianceDisclosure RequirementsSustainabilityESG & Impact: How To Go About It
Many investors (from business angels to mature stage investor) focus on how to develop and implement responsible investment practices specifically for their own organisation. We believe it’s key for investors to first consider what they want to achieve as well as why and how. That mission should be reflected throughout the investment process and portfolio management.
SustainabilityESG & Impact: Investment Process and Portfolio Management
We aim to provide guidelines for those starting to implement ESG policies, as well as those wishing to develop their existing processes.
SustainabilityESG & Impact: Investment Process and Portfolio Management
We aim to provide guidelines for those starting to implement ESG policies, as well as those wishing to develop their existing processes.
SustainabilityESG: Development in Investment Activity – What’s the Trend?
While most investors are still working within the field of ESG risk mitigation and/or ESG opportunity seeking, we see more investors becoming impact aware and start moving towards the right end of the spectrum.
SustainabilityChallenges Regarding ESG Frameworks
The consideration and assessment of Environmental, Social and Governance factors is becoming a key driver for investor’s decision-making. The challenge for both investors and companies lies in the substantial number of frameworks that already exists for ESG reporting.
SustainabilityEU Commission Completes Consultation on EU Green Bond Standard
The Commission has completed a public consultation on the proposal for a EU Green Bond Standard. The consultation proposes to use the EU Taxonomy to define green bonds.
AIFMDSustainabilityESA Consults on Fund Managers’ ESG Disclosure Obligations
The European Supervisory Authorities (ESA) has published draft technical standards setting out detailed rules on i.a. fund managers’ obligations under the ESG Disclosure Regulation.
AIFMDComplianceDisclosure RequirementsSustainabilitySustainability Related Disclosure Requirements in the Financial Service Sector
The European Parliament and the Council have adopted a new regulation as a part of the European Commission’s action plan on sustainable finance and marks an important step in the Commission’s action plan.
SustainabilityVenture Capital Providers Agree on Sustainability Clause
We see a greater largely increased focus on sustainability and impact from all players in the start-up eco-system: From being “nice to have”, focus on sustainability and impact is increasingly becoming not only a valuation driver but a “deal or no deal” factor.
SustainabilityESMA Submits Report on Sustainability Risks and Factors in the AIFMD and UCITS Directive
On 30 April 2019, the European Securities and Markets Authority (ESMA) published its final report on integrating sustainability risks and factors relating to environmental, social and good governance considerations in the AIFMD and UCITS Directive.
AIFMDESMAGovernanceRegulatory Technical StandardsRisk ManagementSustainabilityOther updates
The EU Commission Proposes Amendments to the Regulation of European Long-Term Investment Funds
On 25 November 2021, the European Commission published its proposal to amend the Regulation of European Long-Term Investment Funds (ELTIFs) as part of a new Capital Markets Union (CMU) legislative package.
Retail InvestorsIPEV Board has Started Review Process for the IPEV Valuation Guidelines
The IPEV Board has started the 2021 review process for the IPEV Valuation Guidelines.
ValuationThe Danish FSA: Significant Room for Improvement for SFDR Disclosures
The Danish FSA has assessed the quality of 4 pension companies and eight credit institutions' website disclosures with regards to information about their policies on the integration of sustainability risks in the investment decision-making process.
AIFMDComplianceDisclosure RequirementsSustainabilityDanish FSA Clarifies New Pre-Marketing Rules
The pre-marketing rules provided by the Cross Border Directive was transposed into Danish law on 1 July 2021.
AIFMDCross-BorderPre-MarketingApplication of SFDR Level 2 Obligations Delayed (Again)
The European Commission has once again delayed the application of the level 2 obligations of the Sustainable Finance Disclosure Regulation (SFDR) until January 2023.
AIFMDComplianceDisclosure RequirementsSustainabilityESMA has Issued Guidelines on Marketing Communication
The guidelines apply to all marketing communication addressed to investors or potential investors for AIFs, including amongst others when they are set up as EuVECAs.
Cross-BorderESMAMarketingPre-MarketingVenture Capital