The upcoming taxonomy aims to show which economic activities are sustainable to help guide investors and prevent greenwashing. The criteria on which the taxonomy will be based are being defined by the European Commission's Technical Expert Group on sustainable finance: it ran a consultation on its proposed criteria, which closed on 13 September.
The next three months are the key period when the Technical Expert Group will finalise the criteria and then send them to the Commission.
NGOs are concerned that this taxonomy must stay science-based.
They have therefore published a statement summarising their ten priority issues here.
Sébastien Godinot, Economist, WWF European Policy Office said:
"The Technical Expert Group has proposed a proper framework for a science-based taxonomy; however we have made recommendations to improve specific issues like bioenergy. Alarmingly, conservative lobbies like gas and nuclear are trying to weaken this work. We must make sure they fail : policy-makers must 'listen to the science', as the global student strikes will ask this week.''
Contact: Sébastien Godinot Economist, WWF European Policy Office +32 489 46 13 14 firstname.lastname@example.org
Sarah Azau Senior Communications Officer, WWF European Policy Office +32 473 57 31 37 email@example.com