EU taxonomy

The EU taxonomy, a core part of the European Green Deal, classifies sustainable activities to steer investments into green innovations. It supports the EU goals for climate neutrality by 2050 and the significant reduction of emissions by 2030 by providing guidelines for sustainable investments. Activities must contribute to one of six environmental goals without causing significant damage, in accordance with the “Do No Significant Harm” principle, and comply with social standards. The goals focus on climate protection, adaptation, water use, circular economy, prevention of pollution and biodiversity.