Social Taxonomy: Was that it?

The EU Commission actually wanted to write a report on the planned Social Taxonomy by the end of the year. Its advisory body has already presented ideas, but after the heated discussion on Environmental Taxonomy, there seems to be a lack of political will – and priority.

Which economic activities are sustainable? From an ecological perspective, the EU has already answered this question – or is in the process of doing so, as it is still fine-tuning some elements of the Environmental Taxonomy. With regard to social sustainability, however, it still owes investors an answer. The Commission originally wanted to deliver within this mandate and propose a social counterpart to the green taxonomy. But now it seems to have shelved the project.

Sign up now and continue reading immediately