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For more than twenty years, the European Union (EU) witnessed the development of collective redress mechanisms to address mass claims situations. To ensure the proper implementation of.
The European Commission has published a proposed Directive on Corporate Sustainability Due Diligence. The proposed Directive is designed to encourage the conduct of due diligence by.
EU Taxonomy: 130 organisations call for science-based green finance rules
15 Dec 2020
130 NGOs and experts are sounding the alarm on the EUâs green finance rules, the âTaxonomyâ, and calling for them to be rooted in science. In a detailed joint statement, the groups flag and analyse ten priority areas of concern in the European Commissionâs draft, which covers which sectors can be classed as âsustainableâ in terms of their climate impacts. The ten areas range from fossil fuels, bioenergy and hydropower to livestock and hydrogen. In many of them, the European Commission appears to have ignored the recommendations of its own Technical Expert Group on the Taxonomy, which were largely science-based and robust.
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EU: Coalition of NGOs, shareholder associations & sustainable investment associations call for planned sustainable taxonomy to be ârooted in climate and environmental scienceâ
A coalition of NGOs, shareholder associations and sustainable investment associations hasÂ
called for the European Commissionâs (EC) planned sustainable taxonomy to be ârooted in climate and environmental scienceâ.
In response to a consultation on the draft delegated acts (DA) that provides much of the initial detail for the Sustainable Finance Taxonomy Regulation, the 130-strong group said the current text âignored or weakened the Technical Expert Groupâs (TEG) scientific advice for several activitiesâ.