Social taxonomy: Difference between revisions
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imported>Doug Williamson (Create page - source - Platform on Sustainable Finance - https://ec.europa.eu/info/sites/default/files/business_economy_euro/banking_and_finance/documents/280222-sustainable-finance-platform-finance-report-social-taxonomy.pdf) |
imported>Doug Williamson (Add quote - ACT blog - https://www.treasurers.org/hub/blog/esg-update-september-2022) |
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The EU's Social Taxonomy is a tool to help investors, companies, issuers and project promoters define social investments on a consistent basis. | The EU's Social Taxonomy is a tool to help investors, companies, issuers and project promoters define social investments on a consistent basis. | ||
It consists of three overarching objectives: | It consists of three overarching objectives: | ||
| Line 8: | Line 9: | ||
*Adequate living standards and wellbeing for end-users. | *Adequate living standards and wellbeing for end-users. | ||
*Inclusive and sustainable communities and societies. | *Inclusive and sustainable communities and societies. | ||
:<span style="color:#4B0082">'''''Social taxonomy recommendations shelved indefinitely'''''</span> | |||
:"The EU’s [International] Platform on Sustainable Finance recommendations for the development of a social taxonomy to promote sustainable investment in Europe, putting the focus on the protection of human rights and on the social impact on the main stakeholder groups of businesses: employees, customers and communities, '''has been shelved indefinitely''' due to difficulties in agreeing on a conceptual framework and measurement system that would work at both the EU and global level." | |||
:''ACT - ESG Update September 2022 - Naresh Aggarwal.'' | |||
== See also == | == See also == | ||
* [[Platform on Sustainable Finance]] | * [[European Union]] (EU) | ||
* [[Framework]] | |||
* [[International Platform on Sustainable Finance]] | |||
* [[Social concerns]] | * [[Social concerns]] | ||
* [[Sustainable Development Goals]] | * [[Sustainable Development Goals]] | ||
Latest revision as of 14:47, 20 September 2022
Sustainability - social concerns - European Union - European Commission.
The EU's Social Taxonomy is a tool to help investors, companies, issuers and project promoters define social investments on a consistent basis.
It consists of three overarching objectives:
- Decent work, including for value-chain workers.
- Adequate living standards and wellbeing for end-users.
- Inclusive and sustainable communities and societies.
- Social taxonomy recommendations shelved indefinitely
- "The EU’s [International] Platform on Sustainable Finance recommendations for the development of a social taxonomy to promote sustainable investment in Europe, putting the focus on the protection of human rights and on the social impact on the main stakeholder groups of businesses: employees, customers and communities, has been shelved indefinitely due to difficulties in agreeing on a conceptual framework and measurement system that would work at both the EU and global level."
- ACT - ESG Update September 2022 - Naresh Aggarwal.
See also
- European Union (EU)
- Framework
- International Platform on Sustainable Finance
- Social concerns
- Sustainable Development Goals
- Sustainable finance
- Sustainability
