The taxonomy of sustainable finance must be a tool that helps companies grow and create jobs, while facilitating the transition to a greener economy.
The Sustainable Finance Action Plan is a milestone of the EU policy on issues relating to ESG and adaptation to climate change. A number of legislative proposals have accompanied the action plan in order to ensure that financial products are used to promote sustainable activity as the driving force for the EU’s transition to a greener economy.
The so-called taxonomy proposal sets the foundation for sustainable investments in the EU and the criteria for which activities are eligible to receive “green” investments by establishing a classification system in sustainable finance framework. In other words, the taxonomy proposal clarifies w
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