In the context of the publication of its Action Plan, the EC has launched a call for applications
for the selection of members of a Technical Expert group on sustainable finance. Please note that the deadline for submissions is 16 April.
The group’s tasks shall be to assist the EC, notably in the development of:
1. an EU taxonomy or classification system of climate change mitigation, climate change adaptation and other environmental activities; and
2. an EU Green Bond Standard.
Furthermore, the group will also support the Commission to develop:
3. a category of “low carbon” indices for use by asset and portfolio managers as a benchmark for a low carbon investment strategy; and
4. metrics allowing improving disclosure on climate-related information.
The group shall provide the following deliverables to the EC:
- Prepare a report providing the objective criteria, including considerations on investability and risk diversification, to define and establish a first taxonomy, with a particular focus on climate change mitigation activities by Q1 2019, to be extended to climate change adaptation and other environmental activities by Q2 2019.
- Prepare a report on EU green bond standards by Q2 2019. This report is to include guidance or options on the key components of such standards, concerning all relevant sectors, steps and actors, assessing the impacts of such standards on the green bond market development.
- Prepare a report to be published on acceptable methodologies employed to select the components of a low-carbon index that can be used as a benchmark for a low carbon investment strategy.
- Develop climate-related metrics in the context of its work on an EU taxonomy allowing improving disclosure on climate-related information and publish the outcome in a report to be published.