Draft regulation for Sustainable Finance lacks social and circular dimension

Lack of access to finance is a major obstacle for SMEs. Since most eco-innovations come from SMEs, a good taxonomy could greatly accelerate the circular economy in Europe.

For this reason, the European Sustainable Business Federation strongly supports policy objectives to improve the access to finance for green companies while preventing greenwashing, as presented in the European Commission’s draft regulation on “Sustainable Finance – EU Classification System for Green Investments”.

In an official feedback to the so called “Taxonomy” draft, Ecopreneur.eu submitted a number of comments and urgent recommendations to the European Commission to increase the access to finance for SMEs for sustainable activities.

Read the full statement HERE.