The EU’s “sustainable Taxonomy” has been sometimes portrayed as a binary tool defining which economic activities are sustainable and which ones are not. In fact, it can benefit a wide cross-section of Europe’s economy, writes Nathan Fabian. Nathan Fabian is Chief Responsible Investment Officer at PRI, a United Nations-supported international network of investors promoting sustainable investment. He is also chairperson of the European Commission’s Platform on Sustainable Finance, an EU advisory body. The climate crisis is one of the most fundamental challenges the global economy faces. Europe has shown political leadership to address this challenge: taking steps towards a net-zero greenhouse gas (GHG) commitment by 2050; and a more ambitious 2030 target.