The European Commission 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. To plug the gap, “sustainable investing” is spreading from a niche area of the financial sector into the mainstream. In its first ever assessment of sustainability in Europe, the commission said that while it was not possible to measure all aspects of sustainability, there were some key indicators which could be used for assessing whether investments are Activities fulfilling the first two objectives must also avoid “significant harm” to the other four.
The European Commission 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. In its first ever assessment of sustainability in Europe, the commission said that while it was not possible to measure all aspects of sustainability, there were some key indicators which could be used for assessing whether investments are Activities fulfilling the first two objectives must also avoid “significant harm” to the other four.