EU Platform on Sustainable Finance seeks feedback on its draft report on Taxonomy Minimum Safeguards (extended deadline: 6 September)
'Call for feedback on the draft report by the Platform on Sustainable finance on minimum safeguards'
The Platform on Sustainable Finance seeks public feedback on its draft report on minimum safeguards. The minimum safeguards set out in Article 18 of the Taxonomy Regulation require that companies implement procedures to comply with OECD Guidelines for multinational enterprises and the UN guiding principles on business and human rights. The report on minimum safeguards aims to provide advice on how compliance with minimum safeguards could be assessed. The Platform’s advice will feed into Commission work on the usability of the EU taxonomy.
The Platform invites stakeholders to provide feedback on the draft report until 6 September 2022.
After considering the stakeholders’ input, the Platform will submit a final report with their advice to the Commission in September 2022.
The Platform on Sustainable Finance is an independent advisory body to the Commission. The Platform’s report informs but does not prejudge any decision by the Commission on the matter. The Commission will analyse and consider these reports and will assess the possible need for additional guidance regarding the application of Article 18 of the Taxonomy Regulation.