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.
- Accounting for Sustainability (A4S)
- 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 rating agency
- Draft Delegated Act
- Enabling activities
- ESG investment
- ESG transition
- European Commission
- European Union
- Global Sustainable Investment Alliance
- Natural capital
- Social taxonomy
- Substantial Contribution (SC)
- Sustainable Development Goals
- Sustainable finance
- 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