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NGOs cast doubt over EU green bonds proposal
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EU sustainable finance plans overshadowed by labelling of gas as a green investment — EUbusiness com
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EBA Publishes Its Report On Management And Supervision Of ESG Risks For Credit Institutions And Investment Firms
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transition to a circular economy;
pollution prevention and control; and
protection and restoration of biodiversity and ecosystems.
An economic activity will be considered to be environmentally sustainable if it complies with all four of the following criteria:
substantially contributes to one or more environmental objectives;
does not significantly harm (DNSH) any environmental objective;
complies with minimum safeguards based on certain human rights standards; and
complies with the Technical Screening Criteria (TSC), which are the detailed conditions for the first two limbs above.
The EU Taxonomy is due to apply in relation to the climate-related objectives from 1 January 2022. The TSC for these objectives were originally due to be adopted by the Commission on 31 December 2020, however these were delayed.