EU Unveils New ESG Rules and Taxonomy Criteria

The European Commission has introduced a new package of policy measures designed to promote sustainable finance in the EU. The package includes proposed rules for Environmental, Social and Governance (ESG) rating providers, to bolster transparency and reliability in the sustainable finance sector. The package also includes additions to the EU Taxonomy for sustainable economic activities, including:  safeguarding water and marine resources, promoting a circular economy, preventing and controlling pollution, and restoring biodiversity and ecosystems. Read More.