EU Taxonomy and ESG Requirements – “How Good Is Good Enough” and Are We There Yet?

In July 2021 the European institutions (the European Commission in particular) have (not unsurprisingly) maintained their focus on regulating sustainable investment and sustainable finance – key matters on the road to the European Green Deal objectives, with impact on a broad range of undertakings acting in the common market. Such developments thus require a close monitoring.

The article below briefly explores the main directions and sets of regulations under the ESG-related framework currently being built around the classification system known as the EU taxonomy, including some of the key next steps announced under the July 2021 Renewed Sustainable Finance Strategy.