UNEP FI has been reappointed as an observer in the new mandate of the EU Platform on Sustainable Finance. This advisory body seeks to promote dialogue and close cooperation among a wide range of stakeholders from the public and private sector which will be crucial to deliver on the aims of the EU Taxonomy Regulation and ultimately of the European green and the EU climate targets for 2030 and 2050.
The Platform on Sustainable Finance plays a key role in enabling such cooperation by bringing together the best expertise on sustainability from the corporate and public sector, from industry as well as academia, civil society and the financial industry. Members and observers will focus on:
- Advising on the usability of the EU taxonomy and wider sustainable finance framework
- Advising on the technical screening criteria for the EU taxonomy
- Monitoring capital flows into sustainable investments
About the Platform
The Platform is an advisory body that was established under Article 20 of the Taxonomy Regulation and is subject to the Commission’s horizontal rules for expert groups. Its main purpose will be to advise the European Commission on the implementation and usability of the EU taxonomy and the sustainable finance framework more broadly.
This Platform was first established in October 2020, for a two-year mandate that ended in October 2022. A call for applications for the selection of members for the new mandate of the Platform was launched in October 2022 and the new composition of the Platform was announced on 8 February 2023.