Data is ‘single biggest challenge’ in applying EU Taxonomy, say banks

European banks put forward recommendations, following pilot study on applying green taxonomy

A lack of quality data is “the single biggest challenge” hindering the application of the EU Taxonomy by banks, according to a study involving 26 major European banks. 

Participating banks in the pilot, which was led by UNEP FI and the European Banking Federation (EBF), have publi…

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