Parliament approves the establishment of a framework to facilitate sustainable investment

Brussels, 19 June 2020 - The European Parliament voted in favour of the report by Bas Eickhout, MEP of the Greens/European Free Alliance (Greens/EFA), to establish a framework to facilitate sustainable investment.

Known as 'taxonomy', the structure will create a common EU system for defining what can be considered an environmentally sustainable economic activity. This should help to shift finances to more sustainable economic activities.

All financial products that intend to contribute to environmental sustainability will have to prove this statement by disclosing the share of their investments in activities considered sustainable. The financial sector must play its role in the green transition and taxonomy will help to push them towards sustainable investments.

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