Competent Authority and EU Taxonomy: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Classify page.)
 
imported>Doug Williamson
(Add link.)
 
Line 1: Line 1:
1.
''Sustainability - European Union - European Commission.''


''European Economic Area (EEA) and Financial Conduct Authority.''
The EU Taxonomy is a tool to help investors, companies, issuers and project promoters navigate the transition to a low-carbon, resilient and resource-efficient economy.


A body empowered by law or regulation to supervise regulated firms.
The Taxonomy sets performance thresholds (referred to as ‘technical screening criteria’) for economic activities which:
*Make a substantive contribution to one of six environmental objectives (below).
*Do no significant harm (DNSH) to the other five, where relevant.
*Meet minimum safeguards (for example, the OECD Guidelines on Multinational Enterprises and the UN Guiding Principles on Business and Human Rights).




2.
Environmental objectives of the EU Taxonomy:


More generally, any duly empowered body exercising proper authority in a market or other area of jurisdiction.
*Climate change mitigation.
*Climate change adaptation.
*Sustainable use and protection of water and marine resources.
*Transition to a circular economy.
*Pollution prevention and control.
*Protection and restoration of biodiversity and ecosystems.
 
 
Under the EU Taxonomy, three different types of activity are recognised as "environmentally sustainable":
 
(1)  Activities that make a substantial direct contribution to one or more of the environmental objectives noted above.
 
(2)  ''Transitional activities'', acting as an appropriate stepping stone.
 
(3)  Appropriate ''enabling activities''.




== See also ==
== See also ==
* [[Bank supervision]]
* [[Accounting for Sustainability]] (A4S)
* [[CFTC]]
* [[Biodiversity]]
* [[Central counterparty]]
* [[Business & Sustainable Development Commission]]
* [[EMIR]]
* [[Carbon footprint]]
* [[European Economic Area]]
* [[Climate change adaptation]]
* [[Financial Conduct Authority]]
* [[Climate change mitigation]]
* [[Financial Services Authority]]
* [[Common Ground Taxonomy]]
* [[MLRO]]
* [[Conference of the Parties]]
* [[National Crime Agency]]
* [[Convention on Biological Diversity]]
* [[Non-current assets]]
* [[Corporate social responsibility]]
* [[Prudential Regulation Authority]]
* [[Circular economy]]
* [[Credit]]
* [[Credit rating agency]]
* [[Draft Delegated Act]]
* [[Enabling activities]]
* [[ESG investment]]
* [[European Commission]]
* [[European Union]]
* [[Global Sustainable Investment Alliance]]
* [[HLEG]]
* [[Metaeconomics]]
* [[Natural capital]]
* [[Organic]]
* [[SRA]]
* [[SRI]]
* [[Stakeholder]]
* [[Substantial Contribution]]  (SC)
* [[Sustainable Development Goals]]
* [[Sustainable finance]]
* [[Sustainability]]
* [[Sustainability Accounting Standards Board]]
* [[Sustainability bond]]
* [[Sustainability Linked Loan Principles]]
* [[Taxonomy alignment disclosures]]
* [[Taxonomy Regulation]]
* [[Technical Expert Group]]
* [[Technical Screening Criteria]]  (TSC)
* [[Transitional activities]]
* [[UK Sustainable Investment and Finance Association]]
* [[United Nations]]
* [[World Trade Organization]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Revision as of 15:27, 25 February 2022

Sustainability - European Union - European Commission.

The EU Taxonomy is a tool to help investors, companies, issuers and project promoters navigate the transition to a low-carbon, resilient and resource-efficient economy.

The Taxonomy sets performance thresholds (referred to as ‘technical screening criteria’) for economic activities which:

  • Make a substantive contribution to one of six environmental objectives (below).
  • Do no significant harm (DNSH) to the other five, where relevant.
  • Meet minimum safeguards (for example, the OECD Guidelines on Multinational Enterprises and the UN Guiding Principles on Business and Human Rights).


Environmental objectives of the EU Taxonomy:

  • Climate change mitigation.
  • Climate change adaptation.
  • Sustainable use and protection of water and marine resources.
  • Transition to a circular economy.
  • Pollution prevention and control.
  • Protection and restoration of biodiversity and ecosystems.


Under the EU Taxonomy, three different types of activity are recognised as "environmentally sustainable":

(1) Activities that make a substantial direct contribution to one or more of the environmental objectives noted above.

(2) Transitional activities, acting as an appropriate stepping stone.

(3) Appropriate enabling activities.


See also