News / EC set to transform green investment as it drives Taxonomy regulation

Companies have been accused of overstating their green credentials through ‘greenwashing’, but a new EC regulation aims to end the practice and encourage environmental investment.

As a result the commission is pushing ahead with its Taxonomy categorisation plans, with a second delegated regulation expected next year, according to Fotini Ioannidou, the EC’s head of maritime safety.

In developing this highly complex July 2020 legislation, the EC is looking to codify sustainability.

“Taxonomy is an essential tool to incentivise green financing to support, in ...