European Union Taxonomy
The European Green Pact is a new growth strategy aimed at transforming the EU into an equitable and prosperous society, with a modern, resource-efficient and competitive economy, with no net greenhouse gas emissions by 2050.
To achieve these environmental and social objectives, the EU has developed a regulatory framework that contains different regulations and plans, specifically the Sustainable Finance Action Plan. Its three main objectives are:
- Redirecting capital flows to sustainable investments to achieve sustainable and inclusive growth.
- Managing the financial risks arising from climate change, resource depletion, environmental degradation and social problems.
- Promoting transparency and long-term thinking in financial and economic activities.
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