Climate risk taxonomy close, but still a moving target – EC

FCA warns of ‘greenwashing’

A cornerstone of European Union climate finance strategy – an agreed set of environmental taxonomies – “is well on its way to being adopted by co-legislators”, said the European Commission’s (EC) Olivier Guersent earlier today (November 19), but added: “The only thing you know about any environmental taxonomy is that the day you adopt it, it is outdated.”

Efforts to reach sustainability taxonomies constituted “the most important” legislative action, said Guersent, director-general for the EC’s