The ‘Platform on Sustainable Finance’, which is a stakeholder group advising the European Commission on EU taxonomy, has launched a public consultation to improve its draft report on the four non-climate environmental objectives within the taxonomy. The public consultation period opened on 3 August and will close on 24 September.
The four objectives in question are: - the sustainable use and protection of water and marine resources; - the transition to a circular economy; - pollution prevention and control; - the protection and restoration of biodiversity and ecosystems.
The aim of the Platform is to present a final report to the European Commission in November so that they can help the institution establish a new delegated act on EU taxonomy during the first half of 2022.
At the end of April, the European Commission already unveiled a first delegated act relating to the two other objectives of the taxonomy: mitigation of climate change and adaptation to climate change (see EUROPE 12703/2).
Unhappy with some of the criteria in the document, five NGOs temporarily stopped participating in the ‘Platform on Sustainable Finance’, accusing the European Commission of having caved in to certain lobbies (see EUROPE 12704/15, 12730/20). The President of the Platform, Nathan Fabian, had called for a review of governance and transparency in decision-making in terms of the taxonomy criteria.
See the draft report: https://bit.ly/3BcqC75 (Original version in French by Damien Genicot)