01/09/2019

Euromines Position with regards to the Technical Report on EU Taxonomy published by TEG in June 2019

As the recognized representative of the European metals and minerals mining industry covering more than 42 different metals and minerals and employing 350.000 directly and about four times as many indirectly, Euromines welcomes the Commission’s Sustainable Finance Action Plan for a low carbon, greener economy and agrees that such a socio – economically efficient, sustainable and flexible financial system will contribute to long-term value creation.

In order to successfully contribute to the common objectives, it is essential that these initiatives on sustainable finance are followed by subsequent proportionate, accurate and fit for purpose documents which include measures and recommendations appropriate to all affected stakeholders.

In light of the above, Euromines would like to make a series of comments regarding the Technical Report on EU Taxonomy(link is external) published by the Technical Expert Group on Sustainable Finance on 18th of June 2019. The report is accompanied by a call for feedback(link is external) as part of the ongoing work carried out by the Commission’s Directorate-general for financial stability, financial services and capital markets union, Directorate-general for environment, public consultation to which Euromines intends to participate and submit its input.

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