The EU Green Taxonomy is part of the Sustainable Finance Action Plan published in 2018 and is aimed at channeling capital to responsible businesses in the framework of a sustainable and inclusive economic development.
The EU Green Taxonomy identifies 6 environmental and climate objectives:
- Climate change mitigation
- Adaptation to climate change
- Sustainable use and protection of water and marine resources
- Transition towards a circular economy, also with reference to waste reduction and recycling
- Prevention and control of pollution
- Protection of biodiversity and of the health of eco-systems
Details
On the basis of these targets, the EU Green Taxonomy establishes that to be “eco-friendly” a business must:
- Contribute positively to at least one of the above listed targets
- Avoid to negatively impact any others
- Be run in compliance with minimum social guarantees (for example, those set by OECD guidelines and United Nations documents)
How we can help you
Companies are called to start their own way towards business sustainability, which is documented and verifiable, in order to have access to credit, to tenders and to supply larger companies.