EU taxonomy high on agenda of Presidents’ Board meeting
3 May 2021
Sustainable finance was the big topic on the agenda of last week’s meeting of Orgalim's Presidents' Board.
Orgalim President Rada Rodriguez opened the meeting, emphasising the value of connecting across the national associations to share commonalities and valuable insights.
The wide representation of Presidents from Europe's technology industries national associations had the opportunity to hear directly from our guest speaker, Marcel Haag, Director in the Directorate-General for Financial Stability at the European Commission, about the EU taxonomy, and to exchange views on the implications for Europe's technology businesses.
Mr Haag acknowledged the concerns and stressed that more time is needed to address activities that are not yet covered, while reassuring participants that the taxonomy is intended to be flexible, proportionate and able to adjust to the pace of innovation, as well as to developments in climate and environmental science.
Speaking for Orgalim, Director General Malte Lohan pledged to feed key take-outs from the meeting into the ongoing work on Orgalim's position paper on sustainable finance and assured that Orgalim continues to contribute actively on our industries’ behalf to the technical work through our participation in the Platform on Sustainable Finance. Wrapping up this topic, attendees recognised that the taxonomy is clearly a top priority for industry and one that also needs to be further raised at the national level.