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
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
More info:
🗞️Press release: https://europa.eu/!3wfPKt
❓Q&A: https://europa.eu/!r94FRF
📑 Factsheet: https://europa.eu/!rm3PbY
🐦🔗: https://n.respublicae.eu/McGuinnessEU/status/1668606025627316227
Read my remarks at today’s press conference: https://europa.eu/!MbXhBD
🐦🔗: https://n.respublicae.eu/McGuinnessEU/status/1668619718700466184
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