The European Commission has adopted a package of measures to help improve the flow of money towards sustainable activities across the EU.
The package includes:
- the EU Taxonomy Climate Delegated Act which aims to support sustainable investment by making it clearer which economic activities most contribute to meeting the EU’s environmental objectives;
- a proposal for a Corporate Sustainability Reporting Directive; and
- six amending Delegated Acts covering investment and insurance advice, fiduciary duties and investment and insurance product oversight and governance.