On 12 July 2021, the Platform on Sustainable Finance (a permanent expert group of the European Commission) issued the following documents:

• A draft report for a social taxonomy.
• A consultation report on Taxonomy extension options linked to environmental objectives.

The two draft reports are important steps in the Platform’s main deliverables to advise the Commission on potential social and extended environmental taxonomy. The Platform’s advice on this will feed into the Commission’s report on the potential extension of a taxonomy framework to be adopted by the end of this year as set under Article 26 (2a and 2b) of the Taxonomy Regulation.

The Platform will welcome stakeholder feedback on both draft reports through two calls for feedback, which will run from 12 July to 27 August 2021