On 22 June 2020, the European Union published the long-awaited Regulation(EU) 2020/852 on the establishment of a framework to facilitate sustainable investment (the “EU Taxonomy Regulation”), and amending Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector.
This is the world’s first-ever “green list” classification system for sustainable economic activities. It provides a general framework that will allow for the progressive development of an EU-wide classification system for environmentally sustainable economic activities.
For more details on the Taxonomy Regulation please refer to BSP Sustainable Finance Insight Series number 7.
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