Travail Demandé
Travail Demandé
Travail Demandé
investment challenge. This is part of the efforts of the Capital Markets Union (CMU) to
link finance with the specific needs of the European economy for the benefit of our
planet and society.
In March 2018, the European Commission adopted a sustainable finance action plan as
part of its strategy to integrate environmental, social and governance considerations into
its financial and mobilizing policy framework. financing for sustainable growth. In May
2018, the Commission published the first legal package under the action plan. The four
recommendations included in the package are:
(1) EU unified "classification" classification system, 1 (2) investor information and duties,
(3) low carbon standards, (4) better advice to customers on Sustainability 2. In July 2018,
the Commission also established a Technical Expert Group on Sustainable Finance (TEG)
to provide information on the Action Plan, particularly regarding the development of a
classification system for financial institutions. sustainable economic performance, EU
green bond standards, methods for low carbon emissions indicators and climate-related
disclosure measures.
The first action plan on sustainable finance to date has mainly led to regulatory
initiatives, which include:
1
https://www.geektime.com/eu-taxonomy-and-sfdr-explained/
2
https://eu-taxonomy.info/info/eu-taxonomy-overview
3
https://www.unpri.org/eu-policy/implementing-the-eu-taxonomy-an-update-to-the-pris-testing-the-
taxonomy-report/9807.article
4
Methodology of Taxonomy G. S. de Hoog Taxon Vol. 30, No. 4 (Nov., 1981), pp. 779-783 (5 pages)
5
https://doi.org/10.2307/1220079 https://www.jstor.org/stable/1220079
sustainable investment and deliver the European Green Deal. The EU taxonomy
provides companies, investors and policy makers with an adequate definition of
economic activities that are considered environmentally sustainable. In this way, it keeps
investors safe, protects retail investors from greenwashing, makes companies more
climate-friendly, reduces market fragmentation, and shifts investment to where it is
needed most.
6
https://www.bloomberg.com/professional/blog/what-the-eu-esg-taxonomy-requires-you-to-report-and-
when/