On March 29, 2022, the European “Platform on Sustainable Finance” expert group  published its report on a future “Extended Environmental Taxonomy”.

In 2020, the “Taxonomy Regulation” established a general framework to determine if a given economic activity (and any related investments and financial products) may qualify as environmentally sustainable.

The report aims to support the Commission, as it considers whether and how to extend the Taxonomy to also cover activities that have a mixed impact on environmental sustainability (“amber”), and those that – to the opposite extreme – have a significantly detrimental impact on the environment (“red”).

Please click here to read the full alert memorandum.