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Implementing the EU sustainable finance taxonomy

Day 1 Afternoon

Wednesday 14 April

Track :



Paul Tang
MEP, ECON Committee - European Parliament
Public Authorities
Pablo de Ramón-Laca Clausen
Director General of the Treasury and Financial Policy - Ministry of Economy and Digitalization, Spain
Marcel Haag
Director, Horizontal Policies, DG FISMA - European Commission
Jean-Paul Servais
Chairman - Financial Services and Markets Authority, Belgium (FSMA)
Industry Representatives
Eric Campos
Head of Corporate Social Responsibility - Crédit Agricole S.A.
Oliver Collin
Fund Manager, European Equities - Invesco
Rami Feghali
Partner, FS Risk & Regulation - PricewaterhouseCoopers Audit
Adriana Pierelli
Regional Executive Southern Europe – Managing Director Global Client Management - BNY Mellon
Hideaki Takase
President and Chief Executive Officer - MUFG Bank ltd


Meeting the EU’s climate and energy targets for 2030 and reaching the objectives of the European Green Deal, require defining a language and a clear definition of what is “sustainable” common to companies, investors and policymakers, in order to direct investments towards sustainable projects and activities.

For this purpose, a Taxonomy Regulation entered into force on 12 July 2020. To further develop the EU taxonomy, a “Platform on sustainable finance” is tasked with advising the European Commission. The Commission is also currently preparing an IT tool that will facilitate the use of the taxonomy.

In this context the session is dedicated to take stock on these initiatives and highlight related challenges in order to identify possible short and middle term priorities to further leverage such common language in implementing EU sustainability transition in the global context.

Points of discussion

  1. What are the main features of the EU taxonomy, its timetable and planned evolutions?
  2. How to address the diverse data challenges posed by the implementation of the EU taxonomy e.g., the lack of adequate or granular enough available data; the complexity and consistency of data, a tight implementation timeframe etc.? What is the role of the IT tool being developed by the EU Commission in this context?
  3. How to facilitate the adoption of the taxonomy by SMEs and Small and Mid-Caps? How to achieve ”regulatory proportionality” and provide them with the necessary support?