The PRI invites our signatories in China to join a workshop on the EU Taxonomy, led by Will Martindale, Director of Policy and Research at the PRI. The workshop aims to enhance signatories’ understanding of the implications and applications of the taxonomy. 

The EU Taxonomy is not only relevant to signatories who need to comply with the Taxonomy Regulation but also to those who wish to prepare for a potential local taxonomy, explore tools to assess sustainability performance at a security or portfolio level, or design environmentally themed products.

The workshop will be covering the following questions relevant to signatories in China:

  • Why is the EU Taxonomy developed? How is this work relevant to China?
  • What are the key components of the EU Taxonomy?
  • Who will be affected by the Taxonomy Regulation? How can signatories prepare?
  • What are the implementation cases and best practices? What are the difficulties, learnings and experience from those signatories?
  • How can the EU Taxonomy be applied beyond compliance needs?

Speakers include:

  • Martin Weymann, Head Sustainability, Emerging & Political Risk Management, Group Risk Management, Swiss Re, TCFD Taskforce member
  • Jeff Stehm, Secretariat, Task Force on Climate-Related Financial Disclosures

Moderated by:

Martin Skancke, Chair PRI, TCFD Taskforce member

Background

The EU Taxonomy is a classification tool to help investors understand whether an economic activity is environmentally sustainable and to navigate the transition to a low-carbon economy. Setting a common language between investors, issuers, project promoters and policy makers, it helps investors to assess whether investments are meeting robust environmental standards and are consistent with high-level policy commitments such as the Paris Agreement on Climate Change.

On 22 June 2020, the Taxonomy Regulation was published in the Official Journal of the European Union and entered into force on 12 July 2020. By the end of 2021, investors that market their funds as environmentally sustainable will be required to disclose against the taxonomy. For more information, please read our Investor Briefing.

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