By Susanna Rust2021-04-22T16:04:00+01:00 The European Commission on Wednesday delivered a package of measures that stand to make a coherent whole of its plan to harness financial markets for the fight against climate change, although questions remain about certain environmental classification decisions. The package includes a proposal for new corporate sustainability reporting legislation, which would replace the Non-Financial Reporting Directive (NFRD), and the “EU taxonomy climate delegated act”, which sets out the criteria determining which economic activities can be said to be green in terms of their contribution to climate change mitigation and adaptation. The Commission also published a set of rules that require financial firms, such as advisers and asset managers, to include sustainability in their procedures and investment advice to clients.