The Sustainability Taxonomy has the potential to be a game changer for ESG investing, as it will determine what qualifies as “sustainable”. Including paint microplastics as one of the taxonomy's “Do No Significant Harm” criteria is a unique opportunity to tackle emissions at source. Paint microplastic emissions that enter the ocean every year could be equivalent to between 150 billion and 225 billion empty plastic bottles. The European Green Deal, promoted by European Commission President Ursula von der Leyen, aims to make the EU's economy sustainable by turning climate and environmental challenges into opportunities, and making the transition just and inclusive for all. One of the pillars of the European Green Deal is a “zero pollution ambition for a toxic-free environment”. The Commission plans to produce a Zero Pollution Action Plan for air, water and soil in 2021. For marine pollution, the EU aims to better monitor, report, prevent and remedy. A key element of the European Green Deal is the EU Sustainability Taxonomy. It will determine the companies, projects and financing that qualify as “sustainable”. The Sustainability Taxonomy has the potential to be a game changer in the area of ESG (environmental, social and governance) investing, because it requires ...read more...
SourceWorld Economic Forum