Legal & Regulatory News
EBF and UNEP FI publish report on application of the EU Taxonomy to core banking products
26 January 2021The European Banking Federation and the United Nations Environment Programme Finance Initiative have published a report that assesses how the EU Taxonomy can be applied to core banking products and proposes a set of recommendations to enhance applicability.
The report is based on case studies analysing transactions and existing client relationships across a large spectrum of sectors, economic activities and geographical locations. It identifies the benefits and challenges of applying the EU Taxonomy, outlines concrete steps and principles for practical application of the taxonomy regulation, and offers eight recommendations addressed to legislators, regulators, owners of standards and frameworks, labels and certification schemes, and banks themselves.
Click here to access the report.