High hopes for EU sustainable finance taxonomy

Author: Karry Lai | Published: 10 Oct 2019

Japanese asset managers would prefer to see a market-led rather than regulatory-led response to climate change, according to panellists at ICMA’s Developments in Green, Social and Sustainability Bond Markets conference in Tokyo this week.

The EU’s landmark sustainable finance taxonomy is set to be finalised at the end of this year. It’s essentially a list of economic activities with environmental and social performance criteria. The idea is to support the industry to transition towards a lower carbon future.

The taxonomy is expected to commence between 2020 and 2022, said Nathan Fabian, chief responsible...