The end of green washing is looming – the EU taxonomy will create common language for sustainability
Many investors have been jumping on the sustainability bandwagon in recent years, but many have failed to pay much more than mere lip service to their new mission. A forthcoming EU regulation - branded the “EU taxonomy” - aims to reduce green washing on financial markets and makes a radical attempt at creating more transparency. As such, EU Regulation 2020/852 - a framework to facilitate sustainable investment, came into force quietly on 12 July. While going largely unnoticed