EU Taxonomy a mix of soft and strong, clear and vague

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By Jon Hay
10 Mar 2020

The European Union’s Taxonomy of Sustainable Economic Activities, the latest draft of which was released on Monday, has been hailed by promoters as the opening of a new chapter in responsible investing. But the document is complex and much will depend on how market participants use it.

The Technical Expert Group commissioned by the European Commission to draft the first two parts of the Taxonomy, covering climate change mitigation and adaptation, has finished the main part of its work, by publishing on Monday its recommendations to the Commission. The EC is expected to make them ...

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