Questions and Answers on the Sustainable Finance package

June 16, 2023 EcoVadis EN


The EU will need additional investments of around €700 billion every year to meet the objectives of the European Green Deal. The bulk of these investments will have to come from private funding.

To address this challenge, the EU has since 2018 put in place three building blocks for a sustainable financial framework:

The EU Taxonomy, a common dictionary for economic activities substantially contributing to the EU's climate and environmental objectives;
Rules on disclosures and reporting for both companies and investors, to ensure proper transparency for all stakeholders; and
Tools, such as standards and labels for Climate Benchmarks and the EU Green Bond Standard.  


Read the full article at: ec.europa.eu

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EcoVadis EN

EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. With global, trusted and actionable ratings, businesses of all sizes rely on EcoVadis’ detailed insights to comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 220 industries in 180 countries. Leaders like Johnson & Johnson, L’Oréal, Unilever, Bridgestone, BASF and JPMorgan are among 150,000+ businesses that use EcoVadis ratings, risk, and carbon management tools and e-learning platform to accelerate their journey toward resilience, sustainable growth and positive impact worldwide.

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