Several Directorate-Generals of the European Commission, including the Directorate-General for Financial Stability, Financial Services and Capital Markets Union - DG FISMA, have launched a consultation of all relevant stakeholders on the planned taxonomy for sustainable investments. According to the Commission, an EU taxonomy would not aim at the creation of a mandatory list of activities in which to invest but rather at new disclosure requirements. 

In its detailed answer the aba argues for a more pinciple-based approach than the Commission’s proposal.