EU-wide classification system for sustainable investments (Taxonomy)
The creation of the world's first-ever "green list" – a classification system for sustainable economic activities, or taxonomy. The taxonomy creates a common language that investors can use everywhere when investing in "green" or "sustainable" projects and economic activities. The aim of this green list is to: (1) Reduce fragmentation resulting from market-based initiatives and national practices, and (2) Reduce "greenwashing", i.e. the practice of marketing financial products as "green" or "sustainable", when in fact they do not meet basic environmental standards.
Providing transparency for investors' decisions on what is sustainable or not.

