The European Commission’s latest package of classifications for sustainable finance activity has been labelled a “crucial” step in the European Union’s ongoing efforts to tackle greenwashing and meet its 2050 net zero goals.
However, experts have warned that "time is of the essence" and EU legislators must move quickly to develop its Technical Screening Criteria (TSC) for the bloc's remaining environmental objectives. A question of time: EU taxonomy sparks race among managers to improve ESG credentials On Wednesday (22 April) the European Commission published its "ambitious and comprehensive" package of three broad measures to encourage capital flows towards sustainable activities across the EU. The EU Taxonomy Climate Delegated Act aims to support sustainable investment by making it clearer which econ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes