European Commission adopts environmental delegated act within the sustainable finance package

The Commission is adding additional activities to the EU Taxonomy, including economic activities contributing to the transition to a circular economy, and proposing new rules for Environmental, Social and Governance (ESG) rating providers.

The aim of the package is to support companies and the financial sector by encouraging private funding of transition projects and technologies and facilitating financial flows to sustainable investments. Composting and anaerobic digestion figure among the list of sustainable economic activities for which technical screening criteria have been laid down in the delegated environmental act (annex II).