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EU Taxonomy For Sustainable Investments Must Recognise Green Businesses

EU Taxonomy for sustainable investments must recognise green businesses

In a response to a public consultation about the “Technical Screening Criteria”, Ecopreneur.eu calls on the European Commission to extend the scope of the future EU “green Taxonomy” to sectors and companies that make a substantial contribution to reducing or avoiding greenhouse gas emissions.

In the current draft proposal, selection criteria to divert investments towards sustainable companies would apply to energy intensive industries only.

As a consequence, green companies and SMEs that have been making a substantial contribution to reducing or avoiding greenhouse gas emissions risk to not be properly considered by potential investors.

While recognising the urgency to support energy intensive industries in their transition towards sustainability, Ecopreneur.eu therefore insists that selection criteria must be fully inclusive, extending its scope to all industries.

Read the full statement submitted to the Commission.

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