EU Sustainable Finance Taxonomy

The EU Taxonomy is a tool to help investors understand whether an economic activity is environmentally sustainable, and to navigate the transition to a low-carbon economy. Setting a common language between investors, issuers, project promoters and policy makers, it helps investors to assess whether investments are meeting robust environmental standards and are consistent with high-level policy commitments such as the Paris Agreement on Climate Change.

To gain an overview of EU Taxonomy, the next steps in its development and disclosure requirements, please read our investor briefing

EU taxonomy

EU taxonomy - PRI welcomes adoption of first climate delegated act


[Region: EU] The European Council has just approved the EU Taxonomy climate Delegated Act (DA), confirming into EU law the adoption of Technical Screening Criteria (TSC) for activities that contribute substantially to climate change mitigation and adaptation objectives.


Alternative solutions to include gas-fired power and nuclear energy in the EU sustainable taxonomy


[Region: EU] This position paper explains why gas-fired power and nuclear energy are not aligned with the objectives of the EU Sustainable Taxonomy, and presents alternative options for their inclusion in the framework.

Testing the taxonomy hero

EU Taxonomy alignment case studies

From 2022, investors that offer funds in Europe described as “environmentally sustainable” will need to explain how, and to what extent, they have used the taxonomy in determining the sustainability of the underlying investments. They must also disclose the proportion of underlying investments that are taxonomy-aligned as a percentage of the investment, fund or portfolio.

The EU Platform on Sustainable Finance: Taxonomy extension and future policies

The Platform on Sustainable Finance (PSF) is a permanent expert group of the European Commission that was established to assist the development of sustainable finance policies, including the EU taxonomy. On 12 July, the PSF published two draft reports on a social taxonomy and an extended taxonomy to support economic ...

More case studies


Case-study: Nordea EU Taxonomy implementation

Nordea presentation to the PRI EU Practitioners Group on EU Taxonomy implementation


EU taxonomy

EU Taxonomy final report: 2020 starts a decade of action on climate change


By Fiona Reynolds, CEO, PRI

EU Commission

The EU Taxonomy: a generational shift for responsible investment


By Will Martindale (@WillJMartindale), Director of Policy and Research, the PRI