The European Union’s classification system for sustainable economic activity, known as the EU taxonomy, forms the backbone of the EU's work on sustainable financing.
The purpose of the classification system is to create a structure that makes it easier for investors and banks to find sustainable investments, and for relevant companies to have access to financing packages offering "green" discounts.
It is getting increasingly important for corporations to understand the system, partly as included sectors need to adhere to certain reporting legislations.
