The Commission set up a Technical expert group on sustainable finance (TEG) to assist it in developing, in line with the Commission's legislative proposals of May 2018

  • an EU classification system – the so-called taxonomy – to determine whether an economic activity is environmentally sustainable;
  • an EU Green Bond Standard;
  • benchmarks for low-carbon investment strategies; and
  • guidance to improve corporate disclosure of climate-related information.

The TEG will operate until June 2019, with a possible extension until year-end 2019.

The TEG commenced its work in July 2018. Its 35 members from civil society, academia, business and the finance sector, as well as additional members and observers from EU and international public bodies work both through formal plenaries and sub group meetings for each work stream.

Outreach of the TEG

The members of the TEG and the Commission recognise the importance of transparency and stakeholder outreach throughout this process. You can find the outreach plans for each subgroup here. They will be updated on a constant regular basis.

In terms of the first task, developing an EU taxonomy, the group invited feedback on the first proposed activities that contribute substantially to climate change mitigation and on the usability of this first list of activities. The group has also identified areas where additional technical expertise is needed. The Commission will therefore host several workshops with the purpose of gathering this expertise.

Invitation for feedback and expert workshops on taxonomy
07 December 2018Financial Stability, Financial Services and Capital Markets Union

Invitation for feedback and expert workshops on taxonomy

Invitation to provide feedback and to register for expert workshops with regard to the EU taxonomy

All meeting documents of the Technical working group on sustainable finance are available in the Register of Commission expert groups.

Please find below the four progress reports from each of the subgroups as of December 2018:

For more information regarding the work of the Technical expert group on sustainable finance (TEG) and the legislative proposals that frame their work see also the frequently asked questions.

TEG reports

Invitation for feedback on the TEG preliminary recommendations for an EU green bond standard
06 March 2019Financial Stability, Financial Services and Capital Markets Union

Invitation for feedback on the TEG preliminary recommendations for an EU green bond standard

The TEG is inviting feedback on its preliminary recommendations for an green bond standard, and its interim report

Technical Expert Group on Sustainable Finance: report on climate-related disclosures
Report10 January 2019Financial Stability, Financial Services and Capital Markets Union

Technical Expert Group on Sustainable Finance: report on climate-related disclosures

This report provides guidance to improve corporate disclosure of climate-related information.

Documents and links

Conference: Promoting sustainable finance
08 January 2019Joint Research CentreFinancial Stability, Financial Services and Capital Markets Union

Conference: Promoting sustainable finance

This conference will allow researchers to present policy-relevant empirical papers and promote the exchange of ideas and knowledge on sustainable finance

Invitation for feedback and expert workshops on taxonomy
07 December 2018Financial Stability, Financial Services and Capital Markets Union

Invitation for feedback and expert workshops on taxonomy

Invitation to provide feedback and to register for expert workshops with regard to the EU taxonomy

Files

DownloadPDF - 550.8 KB
DownloadPDF - 313.6 KB
DownloadPDF - 223 KB
DownloadPDF - 124.2 KB
DownloadPDF - 126.6 KB
DownloadPDF - 762.2 KB

Related information

  • Sustainable finance

    Sustainable finance

    The EU is examining how to integrate sustainability considerations into its financial policy framework in order to mobilise finance for sustainable growth