Keidanren, the Japanese Business Federation, led a campaign to water down the EU’s current attempts to define ‘green’ business activities through its taxonomy, according to research from NGO Influence Map.
On the back of a major study released in December, Influence Map has now focused in on corporate lobbying efforts in Japan, saying that Keidanren was “the most oppositional industry association of any origin (EU or otherwise) to an ambitious EU taxonomy”.
“While the majority of lobbying came from within the EU, the policy has also seen opposition from international business trade associations, seemingly concerned at the global implications of an ambitious EU taxonomy” it said in a briefing published today.
The briefing points to a position paper from September, in which it claims Keidanren argued that the taxonomy could “[destabilise] international financial markets”. It says the body stated that the framework didn’t reflect the concerns…