Even its supporters characterize the EU Taxonomy (which exists in the form of a non-official 130-page report currently undergoing emendation) as a “bureaucratic monster” and they accuse it of bringing “countless many interest groups under a common roof,” in the description by the Frankfurter Allgemeine Zeitung. Nevertheless, the financial sector is putting pressure on governments to get the taxonomy going in order to capture capital flows.
One such financial investor, Rosl Veltmeijer of Triodos Investment Fund, is worried that “lobbyists” are watering down the content of the EU Taxonomy. Veltmeijer complains that “instead of a straight classification plan, they have lost themselves in endless debates and arguments, and the path in front of us looks anything but straight” writes Private Banking Magazin https://www.private-banking-magazin.de/lobbyisten-verzoegern-und-verwaessern-eu-taxonomie/
(Triodos Investment Fund was created as part of Triodos Bank in 1980 in the Netherlands as an anthroposophic bank, and launched the first “green fund” in the same year. Its name, from the Greek, means “three roads”: People, Planet, Profit. Thus it is an early precursor to the present “green finance” juggernaut.)
