Setting next steps to develop the EU taxonomy: a letter to Mairead McGuinness

A letter from 45 NGO to Commissioner McGuinness.

Also available in Italian  

Letter “Setting next steps to develop the EU taxonomy” (PDF)

In the letter we can read: “we would like to congratulate the Commission for its Recommendation on facilitating finance for the transition to a sustainable economy from last June. It defines transition finance for the first time, a step in the right direction to dispel confusion and bring clarity. The implementation of this Recommendation will heavily rely on its successful inclusion into the Taxonomy framework”.
“We would therefore like to recommend the following five steps to develop the EU Taxonomy:
1. Explore the extension of the environmental taxonomy to more categories
2. Adopt criteria for new activities proposed by the Platform on sustainable finance
3. Adopt criteria for new activities, notably the decommissioning of unsustainable activities
4. Tighten existing climate criteria where relevant to align with revised EU climate legislation
5. Include SMEs in the scope of taxonomy reporting for financial institutions.