EU Taxonomy and Faster Payments Service: Difference between pages

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''Sustainability - European Union - European Commission.''
(FPS).  


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.
UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days.  


The Taxonomy sets performance thresholds (referred to as ‘technical screening criteria’) for economic activities which:
It allows credit transfers and standing orders to be paid in near real time.  There is a maximum transaction amount. It is operated by VocaLink 24 hours a day, 7 days a week.
*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:
== See also ==
 
* [[BACS]]
*Climate change mitigation.
* [[C&CCC]]
*Climate change adaptation.
* [[Clearing House Automated Payment System]]
*Sustainable use and protection of water and marine resources.
* [[CPA]]
*Transition to a circular economy.
* [[Electronic commerce]]
*Pollution prevention and control.
* [[ERPS]]
*Protection and restoration of biodiversity and ecosystems.
* [[Faster Payments Scheme]]
 
* [[IMPS]]
 
* [[LVPS]]
Under the EU Taxonomy, three different types of activity are recognised as "environmentally sustainable":
* [[Payments and payment systems]]
 
* [[PSP]]
(1)  Activities that make a substantial direct contribution to one or more of the environmental objectives noted above.
* [[Immediate payments and the impact on corporate treasurers]]
 
(2)  ''Transitional activities'', acting as an appropriate stepping stone.
 
(3)  Appropriate ''enabling activities''.




== See also ==
===Other links===
* [[Accounting for Sustainability]] (A4S)
[http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008]
* [[Biodiversity]]
* [[Business & Sustainable Development Commission]]
* [[Carbon footprint]]
* [[Climate change adaptation]]
* [[Climate change mitigation]]
* [[Common Ground Taxonomy]]
* [[Conference of the Parties]]
* [[Convention on Biological Diversity]]
* [[Corporate social responsibility]]
* [[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:Cash_management]]
[[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 15:57, 12 October 2016

(FPS).

UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days.

It allows credit transfers and standing orders to be paid in near real time. There is a maximum transaction amount. It is operated by VocaLink 24 hours a day, 7 days a week.


See also


Other links

UK Faster Payments Service, ACT Briefing note, 2008