Today we launch new work on #SustainableFinanceEU:
🌱Expanding the Taxonomy on climate and environment
🌱Guidance on how to use sustainable finance for the transition
🌱Transparency for ESG ratings
🌱Improving practical usability

🐦🔗: https://n.respublicae.eu/McGuinnessEU/status/1668606012587139073

We’re expanding the #EUTaxonomy to include environmental goals:
🔁Circular economy
🚯Preventing pollution
🌊Sustainable water usage
🐝Biodiversity

Alongside adding new transport and manufacturing activities to the climate taxonomy.

🐦🔗: https://n.respublicae.eu/McGuinnessEU/status/1668606015779094529

Transition finance is not just about companies that are already sustainable 🌱

We’re providing guidance on how to use #SustainableFinanceEU to become more sustainable for companies at different starting points.

🐦🔗: https://n.respublicae.eu/McGuinnessEU/status/1668606018287288320

ESG ratings score companies on Environment, Social and Governance factors – we want to make these ratings transparent, comparable and reliable.

@ESMAComms would provide supervision, combating conflicts of interest by providers.

🐦🔗: https://n.respublicae.eu/McGuinnessEU/status/1668606021118357504

We want sustainable finance to be practical and usable – so that it can be effective.

So we’re listening to those using our tools, publishing FAQs and clarifying legislation where needed.

🐦🔗: https://n.respublicae.eu/McGuinnessEU/status/1668606023333036032