IIGCC response to the European Commission consultation on the draft delegated act on the sustainable finance taxonomy
The EU’s sustainable finance taxonomy creates a classification system for sustainable economic activities with the aim to create a common language that investors can use everywhere when investing in projects and economic activities that have a substantial positive impact on the climate and the environment.
On 20 November, the European Commission published the draft regulations (known as Delegated Acts) for the first two objectives under the taxonomy: the EU’s environmental objectives on climate change mitigation and adaptation, containing the technical screening criteria which determine in more detail when an activity can be considered sustainable. IIGCC’s response to this consultation, submitted on 17 December, can be found on the Commission’s website here.
The delegated acts with the technical screening criteria for the other 4 taxonomy objectives are due by the end of 2021.