Social taxonomy

From ACT Wiki
Revision as of 14:47, 20 September 2022 by imported>Doug Williamson (Add quote - ACT blog - https://www.treasurers.org/hub/blog/esg-update-september-2022)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

Sustainability - social concerns - European Union - European Commission.

The EU's Social Taxonomy is a tool to help investors, companies, issuers and project promoters define social investments on a consistent basis.


It consists of three overarching objectives:

  • Decent work, including for value-chain workers.
  • Adequate living standards and wellbeing for end-users.
  • Inclusive and sustainable communities and societies.


Social taxonomy recommendations shelved indefinitely
"The EU’s [International] Platform on Sustainable Finance recommendations for the development of a social taxonomy to promote sustainable investment in Europe, putting the focus on the protection of human rights and on the social impact on the main stakeholder groups of businesses: employees, customers and communities, has been shelved indefinitely due to difficulties in agreeing on a conceptual framework and measurement system that would work at both the EU and global level."
ACT - ESG Update September 2022 - Naresh Aggarwal.


See also


External link