This session will focus on the usability of the EU taxonomy framework. While the merits and intentions of the EU taxonomy are generally well understood and supported, concerns remain about the complexity in implementing the taxonomy framework. This complexity relates both to capturing the possible unintended consequences (‘’the do no significant harm principle’), as well as the interrelationships and value chains that characterise modern economic activities. Even if the final economic activity can contribute to the objectives of a taxonomy, the various steps in the production chain might not necessarily meet these conditions. How can we capture the ‘through the life cycle’ principle? Moreover, the EU is now developing at least four new taxonomies that complement the Climate Change Adaptation and Mitigation Taxonomies. How will these slot into the current process? How do we cater additionally to future reviews and changes to the taxonomies? The second set of challenges is around the collection, standardisation and use of non-personal data, which feeds the analysis of the screening criteria under the Taxonomies. Can the upcoming EU proposal on European data spaces solve this problem? How do we ensure the usability of the data?
Panellists:
- Helena Viñes Fiestas, co-Rapporteur of the Platform on Sustainable Finance, Subgroup on Data and Usability and Commissioner of the Spanish Financial Markets Authority
- Nadia Humphreys, co-Rapporteur of the Platform on Sustainable Finance’s Subgroup on Data and Usability and Business Manager for Sustainable Finance Solutions, Bloomberg
- Sabine Lochmann, Global Head of ESG Measures, Moody’s ESG Solutions
- Stefan Marx, Global Head of Public Affairs and Regulatory Strategy, DWS Group
Moderator: Nickolas Reinhardt, Director, Afore Consulting
