EU Sustainability Guidelines: 'It Will Require a lot of Thought & Investment'

Members of the Commission's TEG say that data availability and flexibility will serve as the greatest challenges.

The European Commission has stepped up its efforts to promote sustainable investing, but concerns remain over data availability and the timeline within which investment firms have to comply with the new guidelines.

The Commission’s Technical Expert Group (TEG) on sustainable finance published guidelines on its sustainable finance taxonomy on June 18. The technical report on the taxonomy sets out the basis for future legislation, obliging investment firms to use the taxonomy, report the

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