Tag: sustainable finance

• Why does the EU Taxonomy miss the mark on construction?

  The EU Taxonomy Regulation defines environmentally sustainable activities and introduces key performance indicators (KPIs) for buildings and construction to make a ‘substantial contribution’ to mitigate climate change. These KPIs however do not incentivise low-impact construction materials and therefore fail to cover a significant proportion of greenhouse gas emissions in the construction sector.

• Environmental Taxonomy: Civil society organisations fear more greenwashing

  Environmental experts urge substantial improvements to the controversial EU Taxonomy Act to ensure science-based criteria and preserve environmental integrity.

• Joint Letter – Avoiding a missed opportunity: civil society and responsible investors will only support ambitious ESRS

  ECOS and 15 other civil society organisations call for ambitious European reporting standards. We urge the European Commission to keep the ambition of the ESRS in its upcoming delegated act and follow EFRAG's technical advice.

• NGOs walk out of expert Taxonomy group over lack of independence

  BEUC, Birdlife, ECOS, T&E and WWF leave the EU Platform on Sustainable Finance. NGOs claim the European Commission has interfered politically in the group, and acted against evidence despite its legal obligation to follow science-based advice.