35 years: Sustainable finance & banking
The Taxonomy represents the most comprehensive attempt to tackle the very thorny topic of “what is green” and “what is green enough” and hence to help markets identify greenwashing. In this video, Stephanie highlights the importance of taxonomy. She further talks about the challenges and arguments against the EU taxonomy.
The Taxonomy represents the most comprehensive attempt to tackle the very thorny topic of “what is green” and “what is green enough” and hence to help markets identify greenwashing. In this video, Stephanie highlights the importance of taxonomy. She further talks about the challenges and arguments against the EU taxonomy.
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7 mins 48 secs
Although the EU Taxonomy brings numerous challenges, it is clear that pressure is building for a much more robust system for measuring and reporting on environmental impacts, which could present a wake-up call for market participants the world over.
Key learning objectives:
Outline the challenges associated with the EU taxonomy
Understand what market research tells us about the EU taxonomy
Identify what is next for the EU taxonomy
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Investment research firm and index provider MSCI has reported that possibly 20% of current green bonds would be taxonomy compliant.
A global mix of forty member firms volunteered to pilot an assessment of the alignment of some of their portfolios to the Taxonomy, including Aberdeen Standard, Blackrock, Morgan Stanley, Robeco and Wells Fargo Asset Management. Respondents were 89% asset managers and 11% asset owners. Some of the participants reported strong alignment, others modest or limited alignment and some chose not to publish their results.
The Taxonomy represents the most comprehensive attempt yet to tackle the very thorny topic of “what is green” and “what is green enough” and hence to help markets identify greenwashing. The Principles and Technical Screening Criteria in the Taxonomy raise the bar for issuers and the intermediaries advising them.
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