Environmental and social aspects have been part of the EU's sustainable finance strategy since the very beginning. The high demand for social investments as well as risks stemming from neglegcting social factors has generated a need for a standardized framework categorizing and classifying social activities, organisations and investments. Similar to the EU's environmental taxonomy, a social taxonomy could enhance clarity as well as consistency, transparency and accountability as well as contribute to market and policy development in the field.

Together with Barbara Scheck, Professor for Entrepreneurship at Munich Business School, we will discussed this topic on May 2, at 14:00 CET.