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EU Action Plan

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Measures to encourage demand for smaller providers have also survived a key parliamentary vote.
Several rule changes being considered would go beyond the ESG ratings measures proposed by commission in June.
Other proposals include using digital technologies to address data gaps.
It has proposed baseline fund thresholds on taxonomy-eligible and ESG assets.
The latest developments in sustainable finance: KLP joins PCAF, GRI standard for agriculture and seafood launched, TNFD releases new beta framework.
Issues addressed include the scope of regulation, suitability of ESG ratings for the retail market and market standardisation.
The inclusion of nuclear and gas would risk the EU taxonomy becoming less stringent than existing green bond standards and other green taxonomies.
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