EU Sustainable Finance Group Publishes Principles for Recovery and Resilience07/15/2020The EU Technical Expert Group on Sustainable Finance has published a statement on five high-level principles for recovery and resilience. The statement is made in the context of the EU’s current discussions about recovery and resilience in response to the coronavirus pandemic. The TEG is proposing the five principles supported by recommendations for applying the EU’s Taxonomy to the EU’s recovery plan. The Taxonomy is set out in a recently adopted EU Regulation on the establishment of a framework to facilitate sustainable investment. The Taxonomy is a classification system for sustainable activities that is designed to provide a shared understanding of the environmental sustainability of activities and investments. The five principles are:
- Plan a recovery that focuses on building back better;
- Build resilience into everything, so we are better prepared for a volatile future;
- Ensure that recovery investments, grants and spending at least do no harm;
- Apply all these measures to both private and public sectors; and
- Collaborate internationally to better serve resilience.
View the TEG’s statement.
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