Classification of green economic activities and EU Green Bond Standard
Two expert reports have been published today. One is on the EU’s classification of green economic activities (Taxonomy Report), and the other is on the EU Green Bond Standard.
The classification report has been drawn up by a Technical Expert Group made up of members from across civil society, academia, business and the finance sector, providing final recommendations to the Commission on developing policies on sustainable finance. The Taxonomy report is supplemented by a technical annex containing a full list of technical screening criteria for economic activities which can substantially contribute to climate change mitigation or adaptation.
The Commission will use this report as a basis to develop rules setting out the EU's