Social taxonomy

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

• European Union (EU)
• Framework
• International Platform on Sustainable Finance
• Social concerns
• Sustainable Development Goals
• Sustainable finance
• Sustainability

External link

• Platform on Sustainable Finance - Report on Social Taxonomy - February 2022