Report on advancing sustainable finance
Published 11 April 2025
Category: Impact and ESG
The EU Commission advisory body, Platform on Sustainable Finance, has published a report on advancing sustainable finance focusing on technical criteria for new economic activities and first review of the Commission Delegated Regulation (EU) 2021/2139 of 4 June 2021 supplementing Regulation (EU) 2020/852 (“Climate Delegated Act”).
The Platform on Sustainable Finance was tasked by the EU Commission to perform the following work:
- Review and recommend amendments to technical screening criteria for economic activities in the Climate Delegated Act, focusing on transitional activities need to be reviewed every third year;
- Develop technical screening criteria for new economic activities proposed by industry associations and companies; and
- Develop “Do no significant harm”-criteria for activities to be included in Annex II of the Climate Delegated Act covering technical screening criteria determining whether economic activities contribute to climate change adaption.
The Platform on Sustainable Finance has performed their work through input from the EU Taxonomy Stakeholder Request Mechanism (touched upon in our previous Pulse update) as well as updates in the legislation, changes in technologies etc.
All recommendations from this work has been gathered in the report which can be accessed here.
Next step: The recommendations reflect the views of the members of the Platform on Sustainable Finance. The report does not commit the EU Commission but will be analysed and reviewed by the EU Commission.
Tags: Sustainability
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