Commission launches Public consultation for the EU Taxonomy - including circular economy!
The EU Taxonomy is a unified EU-wide classification system for sustainable economy activities intended to steer “green” investments towards environmentally sustainable economic activities. It creates an operational list of economic activities with technical screening criteria, which determine in which cases each economic activity makes a substantial contribution to an environmental objective.
The report setting out draft technical screening criteria has been prepared by a Technical Working Group of the Platform on Sustainable Finance set up to advise the Commission on the development of the EU taxonomy. It covers the four non-climate environmental objectives set out in the Taxonomy Regulation: water, circular economy, pollution prevention, and biodiversity & ecosystems (the two climate related objectives have been addressed in a previous exercise). It recommends how a “substantial contribution” to sustainability should be identified across a series of priority economic activities. It also sets out "do no significant harm (DNSH) technical screening criteria for these four objectives (more info).
The purpose of this call is to gather further evidence and feedback on the proposed recommendations for technical screening criteria. The criteria presented in the report are part of the Sustainable Finance Platform's working document and do not represent a final view.
They are presented to gather feedback and evidence from a broader set of stakeholders, to improve the criteria and make them more robust and usable in view of the final report to be presented to the European Commission in November 2021.
The Sustainable Finance Platform will welcome stakeholder feedback until 24 September 2021. Give your feedback here!