A Common Language for Sustainability | Morningstar
As a core component of the wider EU Sustainable Finance Action Plan which aims to channel capital flows towards sustainable investment while managing financial risks, the EU Taxonomy heralds a new era for the sustainable investment landscape. In its simplest terms, the Taxonomy Regulation is a classification tool to determine whether an economic activity is environmentally sustainable. It helps investors, companies and policy makers to make more informed decisions by identifying activities that are deemed to make substantial contributions to environmental objectives and thereby help to finance the transition to a more sustainable economy.
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