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ARTICLE · 19 JUNE 2023

EU Sustainable Finance Package - June 2023

Walkers
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On 13 June 2023, the European Commission (the "Commission") published a significant sustainable finance package on EU Taxonomy, ESG ratings and transition finance.

European UnionEnvironment
Damien Barnaville
Damien Barnaville
Nicholas Blake-Knox
Nicholas Blake-Knox
Eimear Keane
Eimear Keane
Aongus McCarthy
Aongus McCarthy
Joe Mitchell
Joe Mitchell
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On 13 June 2023, the European Commission (the "Commission") published a significant sustainable finance package on EU Taxonomy, ESG ratings and transition finance.

Expansion of Taxonomy Regulation framework

The Commission has approved delegated acts that create a new set of taxonomy criteria for economic activities now covering all six environmental objectives:

The proposal completes the EU's green taxonomy and includes a new set of taxonomy criteria for economic activities making a substantial contribution to one or more of the following objectives:

  • sustainable use and protection of water and marine resources;
  • transition to a circular economy;
  • pollution prevention and control; and

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