Finance Watch Dialogues are a platform that Finance Watch offers to its Members to make their own contribution to EU financial policy debates. This is the video of the first Dialogue:
The EU’s taxonomy regulation aims to reorient capital flows towards a more sustainable economy. A unified classification system should enable investors to distinguish between activities that contribute significantly to a sustainable economy and those that do not, and to invest accordingly.
The current proposal for a “green taxonomy”, published in March by the European Commission’s Technical Expert group, sets thresholds and establishes minimum criteria for sustainable activities within most economic sectors.
Human rights must also be respected if an activity is to be sustainable. That is why Finance Watch Member Südwind Institute proposes a “Social Taxonomy”: What human rights risks lie dormant in the EU taxonomy? What are the fundamental differences between social and environmental criteria? And: what would a “social taxonomy” look like that identifies those activities that are of particularly high social value?
During the webinar, Antje Schneeweiß from Südwind Institute has presented the findings of their new report: “Human Rights Are Investors’ Obligations – A Proposal for a Social Taxonomy for Sustainable Investment”
Isabelle Schömann, Confederal Secretary at the European Trade Union Confederation (ETUC), also a Finance Watch Member organisation, and Elia Trippel, Project Team Leader Sustainable Finance at the European Commission, have brought in their views on integrating social criteria in the EU taxonomy. The session was concluded with a 15 minutes Q&A session with the online participants.
The slides of the session are also available below:
Webinar on how to include social criteria in the EU’s taxonomy for sustainable investments – the video is now availableOnline, Zoom - Finance Watch firstname.lastname@example.org aDFdtugMkzeEXUhHCmVG49806