As part of the EU Green Deal, the European Union has set itself the ambitious goal of becoming the first climate-neutral continent by 2050. A central component of this strategy is the Sustainable Finance Initiative, at the heart of which is the EU Taxonomy. It is the most detailed and comprehensive classification system to date for defining sustainable activities worldwide.
Why all this? Many of you who work in construction projects know that a uniform definition of 'sustainable investment' has been lacking until now. This has often led to greenwashing and the meaning of 'sustainability' has been watered down. The EU taxonomy is the central instrument for defining which economic activities are considered "environmentally sustainable" and creates clarity and transparency here – even if there is still controversy.
