Legal & Regulatory News

European Commission welcomes advice by Platform on Sustainable Finance on financing the transition

The European Commission has welcomed a report by the Platform on Sustainable Finance (the Platform) providing advice on financing the transition. In its advice, the Platform provides recommendations on how to strengthen the potential of transition financing through the Taxonomy criteria.

The Platform has made recommendations that fall into three broad categories:

• maximise inclusiveness but maintain the integrity of the current Taxonomy framework;
• opportunities to develop the future Taxonomy framework; and
• utilise other (non-Taxonomy) policies and tools to further support transition finance.

The Commission will consider the advice when finalising the draft delegated act on climate mitigation and climate adaptation in the context of the Taxonomy Regulation, and when preparing its Renewed Sustainable Finance Strategy and other sustainable-finance related initiatives.

Click here to access the report.