ECOS, WWF, Transport & Environment, BirdLife, and BEUC will return to the Platform on Sustainable Finance, the expert group advising the European Commission on the EU taxonomy for sustainable activities, a list of economic activities to be considered as sustainable.
Following calls by the Platform, the European Commission committed to higher transparency in the adoption of future delegated acts on the sustainable finance taxonomy.
The end of NGOs suspension was triggered by a letter sent last Thursday by the European Commission to the protesting organisations, in which it commits to:
- Ensure transparency on rationale for criteria in proposed delegated acts
- Allow the Platform to review and propose changes to adopted criteria
- Facilitate deeper technical exchange between the Platform and Member States
ECOS believes that such commitments will help improve the governance around the adoption of the taxonomy. As a response, ECOS has decided to return to work as part of the advisory platform, making sure that political and individual interests do not overrule the scientific integrity of the EU taxonomy criteria.
Mathilde Crêpy, Senior Progamme Manager at ECOS, said:
The Delegated Act adopted by the Commission last month included substantial last-minute changes driven by politics, not science. If the Commission turns its new commitments into actual improvements in governance, political interference will be less likely. Transparency is the only way to achieve a taxonomy that truly works for the environment.