European Sustainable Finance Survey 2020 | Report

Climate protection and financial market stability are closely linked. In 2018, the European Commission presented its comprehensive “Action Plan: Financing Sustainable Growth”, proposing among other things to develop an “EU Taxonomy” that identifies sustainable economic activities. adelphi has been commissioned to assess the current compliance with this Taxonomy and identify challenges and solutions for its widespread adoption.

During the European Sustainable Finance Summit 2020, the first report by the project team has been published. The report illustrates that currently only a small share of economic activities can be considered aligned with the EU Taxonomy’s criteria on climate change mitigation and adaptation. In addition, it outlines challenges companies and banks that participated in the Survey expect when applying the EU Taxonomy to economic activities or lending. The report also reflects measures that, according to interviewed companies and banks, could foster a smooth introduction of the EU Taxonomy as well as its overall success.