Joint letter on EU Taxonomy Appendix C

Our industries support the EU Taxonomy framework as a tool to bridge the huge investment gaps that currently exist. The EU Taxonomy Regulation (EU/2020/852), at the heart of the EU’s sustainable finance agenda, can further incentivise financial flows towards economic sectors and activities in line with the climate change and environmental objectives under the premise of criteria that are fit for purpose and implementable.

However, we have identified a significant usability issue as the EU Taxonomy Appendix C (“Generic criteria for do no significant harm (DNSH) to pollution prevention and control regarding use and presence of chemicals”, as well as additional provisions on chemicals in the Technical Screening Criteria) is preventing companies that provide enabling technologies for the green transition from reporting alignment with the EU Taxonomy.