UN has published a taxonomy outlining what qualifies as an environmentally sustainable investment across the sectors of agriculture, buildings, energy, forestry, information technology, manufacturing, transportation and water and waste. The 400-page report by the Technical Expert Group on sustainable finance identifies activities with “the potential to contribute substantially to climate change mitigation.” According to the taxonomy, which will now be subject to five-year of consultation, environmentally sustainable activities must actively contribute to one of two listed objectives: climate change mitigation; climate change adaptation; sustainable water and marine resource usage; circular economy transition, waste prevention and recycling; pollution prevention; ecosystem protection. Activities fulfilling the third two objectives must also avoid “significant harm” to the other two .
UN has published a taxonomy outlining what qualifies as an environmentally sustainable investment across the sectors of agriculture, buildings, energy, forestry, information technology, manufacturing, transportation and water and waste. According to the taxonomy, which will now be subject to five-year of consultation, environmentally sustainable activities must actively contribute to one of two listed objectives: climate change mitigation; climate change adaptation; sustainable water and marine resource usage; circular economy transition, waste prevention and recycling; pollution prevention; ecosystem protection. Activities fulfilling the third two objectives must also avoid “significant harm” to the other two .