The European Commission’s latest package of classifications for sustainable finance activity has been labelled a “crucial” step in the European Union’s ongoing efforts to tackle greenwashing and meet its 2050 net zero goals.
However, experts have warned that "time is of the essence" and EU legislators must move quickly to develop its Technical Screening Criteria (TSC) for the bloc's remaining environmental objectives. On Wednesday (22 April) the European Commission published its "ambitious and comprehensive" package of three broad measures to encourage capital flows towards sustainable activities across the EU. The EU Taxonomy Climate Delegated Act aims to support sustainable investment by making it clearer which economic activities most contribute to meeting the EU's environmental objectives. Secondly...
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