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Sustainable finance

Sustainable finance: guidance on reporting under the Taxonomy

About 4,000 large companies will start reporting on their environmental performance under the EU Taxonomy from 1 January 2023. Are you one of them? And would you like to have a better idea of what to report and how? The Commission has got you covered with some frequently asked questions on criteria determining when an economic activity qualifies as sustainable and on reporting obligations.

Commission announces a series of virtual events in the framework of COP27

The European Commission is announcing a series of virtual events in the framework of the UN Climate Change Conference (COP27), which is taking place between 7-18 November in Sharm el-Sheikh, Egypt. Commissioner McGuinness will give an introductory speech at the International Platform on Sustainable Finance (IPSF) Annual Event, on “Finance Day” (Wednesday 9 November), showcasing IPSF members and observers’ efforts to coordinate and support the transition to net-zero. The same day, other events organised by the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) will focus on recent developments in the area of environmental, social, and governance (ESG) disclosures, initiatives to improve the management and stress testing of climate-related financial risks in the financial sector, and taxonomies. Click on the link below to have a look at the programme, register and follow the sessions online.

Sustainable finance

Political agreement on Corporate Sustainability Reporting Directive will improve the way firms report sustainability information.