EU turns attention towards social factors in taxonomy regulation
Round two of the EU's development of a sustainable taxonomy has kicked off, and whereas the first round mostly revolved around the climate change mitigation agenda, financial firms also need to take social considerations into account in the second round. The expert group advising the EU Commission on how this might best be effected has a Danish member.
BY LOUISE WENDT JENSEN
With the adoption of the EU Taxonomy regulation just before summer break, the European financial sector received the first draft of what will become a joint set of terms and tools - a taxonomy - for ensuring transparency concerning whether an investment is sustainable or not.
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