/5th October 2020, The European Commission, RENEWABLE MARKET WATCHTM/ In response to a call for applications on 18 June 2020, the Commission selected 50 members and 10 special observers on the basis of their environmental, sustainable finance or social/human rights expertise. At the beginning of this month, the European Commission published the list of members of the Platform on sustainable finance. The platform will advise the Commission on the development of technical screening criteria for the EU taxonomy, and policy development, amongst other things, as required by the taxonomy Regulation.
The platform will be made up of a balance of stakeholders, including individuals appointed in a personal capacity with the relevant proven knowledge and experience, individuals representing a common interest shared by stakeholders, organisations representing relevant private stakeholders, organisations representing civil society, organisations representing academia and research institutes. The platform is an advisory body subject to the Commission’s horizontal rules for expert groups and is made up of experts from the private and public sector. This group of experts will have four main tasks:
1) Advise the Commission on the technical screening criteria for the EU Taxonomy, including on the usability of the criteria.
2) Advise the Commission on the review of the Taxonomy Regulation and on covering other sustainability objectives, including social objectives and activities that significantly harm the environment.
3) Monitor and report on capital flow towards sustainable investments.
4) Advise the Commission on sustainable finance policy more broadly.
In selecting the members, the Commission struck a very careful balance in choosing people from a wide range of sectors including civil society, industry, and academia, and with different skills. The platform will reach out to a wide range of stakeholders through both public consultations and targeted outreach. In addition to the members selected through the call for applications, Directorate General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) directly appointed representatives from 7 public entities, namely the European Environment Agency, the European Investment Bank, the European Investment Fund, the three European Supervisory Agencies and the European Agency for Fundamental Rights.
You may see the full list of members here: Platform on sustainable finance - List of members
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