EU taxonomy to provide clarity for four additional environmental objectives

“Good things take time”. Whether or not this saying (continues to) apply to the EU environmental taxonomy is, at the very least, controversial. Almost a year and half later than originally planned, on 5 April 2023, the

More capital for more environmental protection?

“Fostering global ambition” is, rightly, a key element of the EU Sustainable Finance Strategy published by the European Commission in July 2021.&nbsp;It is not surprising that current regulatory discussions often focus on concrete legislative initiatives for the EU area.&nbsp;Implementing European

Next Stop: Common Taxonomy for Sustainable Investment?

“EU Taxonomy heralds cultural change” and “Warnings of burden from sustainable finance” - these are just two examples of headlines that have been gaining momentum in the media recently about financing environmentally sustainable economic activities. One of the key legislative activities here is the

Will EU taxonomy cause a cultural shift in the lending business?

Inhalt

Introduction
What are transition plans?
What is the purpose of transition plans?
What is good practice in the drafting of transition plans?
Conclusions

Introduction

Initially, the EU sustainable finance framework focused on defining, through the EU taxonomy, which economic activi

A Practical Overview of Businesses’ Transition Plans for Banks 

As the key element of the European sustainable finance strategy, the EU taxonomy is the world’s most detailed and comprehensive framework for classifying sustainable economic activities.&nbsp;The regulation, which came into force in 2020, aims to promote the consideration of ESG criteria in the fina

The EU taxonomy for sustainable investments –  an update to our guidance 


	Latest study on industry’s taxonomy profile
	Focus on transformation needed


The Association of German Banks today presented a study on the taxonomy profile of industry. “In order to drive the transformation forward, we need to know where we stand with the rebuilding the economy,” said Heine

Herkenhoff: Informative value of Green Asset Ratio limited

Why do we need an EU transition finance framework?

In order to truly drive climate change mitigation, it is essential that all economic sectors become greener.A sole focus on “dark green” financing will not be enough to reach our climate goals.&nbsp;This applies in particular to sectors such as s

Financing the transition: a potential design for an EU transition finance framework 

Contents

Summary of main messages

1. Transition finance is essential to fight climate change

2. The EU taxonomy is still insufficient to guide the transition finance

3. Towards a principles-based EU transition finance framework


Summary of main messages

The sole focus on ‘green’ f

Considerations for an EU framework for Transition Finance

EU taxonomy to provide clarity for four additional environmental objectives

“Good things take time”. Whether or not this saying (continues to) apply to the EU environmental taxonomy is, at the very least, controversial. Almost a year and half later than originally planned, on 5 April 2023, the Eu

In response to the European Commission's consultation on the delegated act establishing technical screening criteria for the four additional environmental objectives of the EU taxonomy, we finalized our position within the German Banking Industry Committee (GBIC).


Response to the EU Taxonomy Consultation on the Environmental Objectives 3-6

The EU Platform on Sustainable Finance consulted its draft report on the Taxonomy’s minimum social safeguards. The German Banking Industry Committee provided comments to the consultation.

Minimum Social Safeguards of the EU Taxonomy

“Fostering global ambition” is, rightly, a key element of the EU Sustainable Finance Strategy published by the European Commission in July 2021.&nbsp;It is not surprising that current regulatory discussions often focus on concrete legislative initiatives for the EU area.&nbsp;Implementing European i

Taxonomy

Current articles

More capital for more environmental protection?

Next Stop: Common Taxonomy for Sustainable Investment?

Will EU taxonomy cause a cultural shift in the lending business?

Deposit protection scheme

Ombudsmen and women

Newsletter