Proposals for social standards of the taxonomy presented

Yesterday, the EU Platform on Sustainable Finance presented a draft recommendation on ‘minimum safeguards’ for the green taxonomy. According to the Taxonomy Regulation, which has been in force since June 2020 and provides a framework for sustainable investment, economic activities are only environmentally sustainable if they are carried out in accordance with international human and labor rights. Article 18 of the regulation stipulates that minimum standards be established. The Platform on Sustainable Finance, an advisory body to the EU Commission, has now produced an expert opinion with proposals on this.