Introduction
For the EU to deliver on the aims of the EU Taxonomy Regulation and ultimately of the European green deal and the EU climate targets for 2030 and 2050, dialogue and close cooperation among a wide range of stakeholders from both the corporate and public sectors will be crucial. The Platform on Sustainable Finance plays a key role here, by bringing together the best expertise on sustainability – from industry, academia, civil society and the financial industry.
The platform was first set up in October 2020, for a two‑year mandate. The second mandate of the platform began in February 2023 and was extended until March 2025, to allow the platform to finalise work that was still ongoing. A call for applications for the selection of members for the third mandate of the platform was launched on 9 July 2025. Candidates can apply until 7 September 2025.
What does the platform do?
The platform is an expert group established under Article 20 of the Taxonomy Regulation. and is subject to the Commission’s horizontal rules for expert groups. Based on the mandate set out in the Taxonomy Regulation. Its role is to advise the Commission on relevant topics related to the EU taxonomy and the EU sustainable finance framework at large. It provides scientific and evidence‑based advice for technical screening criteria, as well as sustainable finance policies upon request by the Commission.
For this new mandate, the Commission has identified a number of priorities that will guide the platform’s work
- providing advice on the review of the existing technical screening criteria of the EU Taxonomy draft Delegated Acts – set out in the Omnibus package with adoption planned for 2026 – with the aim of simplifying them and improving their usability and coherence
- developing additional taxonomy technical screening criteria across all six environmental objectives and possibly revising and/or updating the criteria where appropriate
- monitoring capital flows into sustainable investments
- implementing transition finance policies
Who are the platform’s Members and observers?
The platform brings together a wide-ranging group of world-leading sustainability experts: private stakeholders from financial, non-financial and business sectors, NGOs and civil society, academia and think tanks, experts appointed in a personal capacity, as well as public and international institutions. Thanks to a careful balance in stakeholders, expertise and viewpoints, the platform is able to develop its advice based on scientific evidence, expertise and deep practical experience.
In total, the platform will draw on the expertise of up to 35 members, up to 28 of whom will be selected through the call for applications launched on 9 July 2025. The selection will be made on the basis of applicants’ environmental and sustainable finance expertise, while aiming for a good balance (geographical, gender, category under which they are applying).
In addition, members of the following EU agencies and bodies will be directly appointed through Article 20 of the Taxonomy Regulation - European Environment Agency, the European Investment Bank, the European Investment Fund, the three European Supervisory Agencies and the European Agency for Fundamental Rights. Observers from EU institutions, international organisations and the private sector may be invited as well. The mandate of the platform’s selected members and invited observers will be limited to two years.
How is the platform organised?
The platform is structured with a plenary made up of its members and observers. Under this new mandate it will adopt a flexible and streamlined approach. This will make it possible for all members to participate actively, each using their unique expertise to drive progress. To achieve this, ad‑hoc workstreams with targeted mandates will be set up, each chaired by a designated project rapporteur. These workstreams will focus on specific areas, and their output will be presented and discussed among a broader group of members.
The platform’s Chairperson is appointed by European Commission Directorate General for Financial Stability, Financial Services and Capital Markets Union.
Involvement of the public: External outreach and feedback
In selecting the members, the Commission aimed to strike a balance in choosing experts with different skill sets and from a wide range of stakeholders including civil society, industry and academia. Due to a limited maximum number of platform members, it was not possible to ensure that every sector and interest group could be directly represented in all its variety.
The platform will therefore reach out to a wide range of external stakeholders through calls for feedback, educational webinars and targeted outreach sessions to inform and discuss preliminary findings and concepts and to receive feedback from all interested stakeholders.
When needed, the Commission may also invite experts with specific expertise in a particular area to participate in the platform and its subgroups on an ad hoc basis, in accordance with Article 20(4) of the Taxonomy Regulation.
Stakeholder request mechanism
In accordance with Article 20 of the Taxonomy Regulation, the platform is tasked with assisting the European Commission in analysing requests from stakeholders to develop or revise taxonomy technical screening criteria for a given economic activity.
To support the platform in this task, the stakeholder request mechanism was launched on 17 October 2023. It allows stakeholders to submit suggestions based on scientific and/or technical evidence, on new activities that could be included in the EU taxonomy or on possible amendments to the technical screening criteria of existing activities.
A total of 646 requests were received through the stakeholder request mechanism by the first cut-off date – 15 December 2023. The platform, together with the Commission, is currently assessing these requests.
The Commission is conducting a comprehensive review of the existing EU taxonomy technical screening criteria, with the aim of updating them and improving their usability. A delegated act is expected to be adopted in the second quarter of 2026. Therefore, the next cut‑off date of the stakeholder request mechanism is 15 September 2025.
Publications
Disclaimer: This page reflects the views of the Platform on Sustainable Finance and not the views of the Commission. The Commission can therefore not be held responsible for any use which may be made of the information this page contains.
- 1 April 2025Report - Advancing sustainable finance
- 28 March 2025Handbook - Climate benchmarks and benchmarks’ ESG disclosures
- 26 March 2025Response - EU taxonomy delegated acts
- 21 March 2025Report - Streamlining sustainable finance for SMEs
- 11 March 2025Report - Monitoring capital flows to sustainable investments
- 5 February 2025Report - Simplifying the EU taxonomy to foster sustainable finance
- 23 january 2025Report - Building trust in transition: core elements for assessing corporate transition plans
- 8 January 2025Draft report - Technical Working Group (TWG)
The platform published a draft report by its Technical Working Group (TWG) for a call for feedback on preliminary recommendations for the review of the Climate Delegated Act and the addition of activities to the EU taxonomy.
The call for feedback ran from 8 January to 5 February 2025.
- 19 December 2024Report: Transition benchmarks (ITB)
- 17 December 2024Report - Sustainable finance products categorisation
- 27 May 2024Response - European Financial Reporting Advisory Group (EFRAG)
- 4 April 2024Report - Monitoring capital flows to sustainable investments
- 29 January 2024Report - A compendium of market practices
- 13 December 2023Draft report & call for feedback - EU taxonomy-aligning benchmarks (TABs)
- 7 July 2023Response - European Sustainability Reporting Standards (ESRS)
- 4 July 2023Response, briefing & summary - Sustainable Finance Disclosure Regulation (SFDR)
- Response of the Platform on Sustainable Finance to the joint ESAs consultation on the review of SFDR Delegated Regulation regarding PAI and financial product disclosures.
- Platform briefing on Sustainable Finance Disclosure Regulation (SFDR) and summary of the platform’s response to the joint ESAs consultation on SFDR Delegated Regulation.
- Response of the Platform on Sustainable Finance to the joint ESAs consultation on the review of SFDR Delegated Regulation regarding PAI and financial product disclosures.
- 3 May 2023Response - Taxonomy Delegated Acts
- 28 November 2022Report - EU taxonomy
The Commission thanks the Platform on Sustainable Finance for all their hard work on this supplementary report. This report complements the advice submitted by the platform in March 2022. This additional advice will be carefully analysed and will inform the Commission’s continued reflections on the matter. The platform’s advice does not bind the Commission on any decision.
- 11 Octobre 2022Reports - EU taxonomy & minimum safeguards
- Platform on Sustainable Finance’s report on Data and usability of the EU taxonomy
- Platform on Sustainable Finance’s report on Minimum safeguards
The Commission thanks the Platform on Sustainable Finance for their work over the last two years. The two reports published today provide the Commission with important insights on the implementation of the EU taxonomy and the application of minimum safeguards set out in Art. 18 of the Taxonomy Regulation. The reports will be carefully analysed by the Commission, but they do not bind the Commission on any decision on the matter.
- Platform on Sustainable Finance’s report on Data and usability of the EU taxonomy
- 11 July 2022Draft report & call for feedback - Minimum safeguards
- Platform on Sustainable Finance's draft report on minimum safeguards
- Call for feedback on the draft report on minimum safeguards (closed on 6 September 2022)
The Commission thanks the Platform on Sustainable Finance for their work over the last months. The draft report on the application of minimum safeguards set out in Art. 18 of the Taxonomy Regulation was published for feedback until 22 August 2022.
The platform has analysed the feedback received and prepared the final report for publication. The final report will be carefully analysed by the Commission, but it does not bind the Commission on any decision on the matter.
- Platform on Sustainable Finance's draft report on minimum safeguards
- 30 March 2022Report - EU taxonomy
- Platform on Sustainable Finance’s report with recommendations on technical screening criteria for the four remaining environmental objectives of the EU taxonomy
- Annex to the Platform on Sustainable Finance’s report with recommendations on technical screening criteria for the four remaining environmental objectives of the EU taxonomy
The Commission thanks the Platform on Sustainable Finance for their work over the last 18 months on the report with recommendations on technical screening criteria for the four remaining environmental objectives of the EU taxonomy published today. It will be carefully analysed in due course. The report, that the platform was mandated to prepare by the Commission, does not bind the European Commission on any decision on the matter.
- Platform on Sustainable Finance’s report with recommendations on technical screening criteria for the four remaining environmental objectives of the EU taxonomy
- 29 March 2022Report - EU taxonomy
Platform on Sustainable Finance’s report on environmental transition taxonomy.
The Commission thanks the Platform on Sustainable Finance for their work over the last 18 months on the report on environmental transition taxonomy published today. It will be carefully analysed in due course. The report, that the platform was mandated to prepare by the Commission, does not bind the European Commission on any decision on the matter.
- 28 February 2022Report - Social taxonomy
- 20 December 2021
Platform's considerations on voluntary information as part of Taxonomy-eligibility reporting
The platform published considerations on voluntary information as part of Taxonomy-eligibility reporting.
These considerations are compiled under the aegis of the Platform on Sustainable Finance, and cannot be construed as official guidance by the Commission. This document is provided online to provide supplementary information in order to help users of the EU taxonomy with the disclosures required under Article 8 of the Taxonomy Regulation. The following voluntary guidance supplements the Commission Frequently asked questions that provides first-hand non-binding implementation guidance on the content of the mandatory disclosures under the Article 8 disclosures Delegated Act of EU Taxonomy Regulation.
Voluntary reporting should be prepared on a basis that does not contradict or misrepresent the mandatory information pursuant to the disclosures delegated act and it should not be given more prominence than the mandatory disclosures. Where an undertaking includes voluntary reporting, this should be accompanied with information on the basis used for its preparation and a clear explanation on how it differs from mandatory reporting.
EU taxonomy NACE alternate classification mapping
The platform published the EU taxonomy NACE alternate classification mapping, updated in July 2024.
This table represents an indicative mapping of selected industry classification systems, and how they relate to the description of economic activities in the EU Taxonomy Delegated Acts adopted by the Commission. It was prepared by the Platform on Sustainable Finance and subsequently updated in July 2024. It is not an official Commission document. The Commission can therefore not be held responsible for any use which may be made of the information this document contains.
It is provided online to help prospective users of the EU taxonomy locate the activities they carry out among those which are included and described in the delegated act and for which technical screening criteria are established, and for which corresponding NACE codes that can be associated with that activity are provided. As set out in the delegated act, these NACE references are indicative and do not prevail over the specific definition of the activity provided in its description in the delegated act.
Accordingly, activity references and descriptions under the selected industry classifications in the table do not prevail over the activity descriptions in the delegated act. In the event of any discrepancy between information in the table and the delegated act, the latter prevails. Users should always ensure they are basing their final determination of activities included in the EU taxonomy on the information set out in the delegated act. Where the EU taxonomy expands to encompass new activities, the table will be updated accordingly.
In particular, the references under the selected industry classifications provided for section 3.6 should be considered as purely preliminary. In line with the description of the activity, which prevails over NACE codes and over indicative references, only low carbon technologies that are aimed at substantial GHG emission reductions in other sectors of the economy can be considered eligible.
Apart from the tools listed in this document, which require an element of mapping by the end user, there are other solutions available in the market which are pre-mapped to assess EU taxonomy alignment.
- 3 August 2021Draft report - Technical Working Group (TWG)
The platform published a draft report by its Technical Working Group (TWG) for a call for feedback on preliminary recommendations on technical screening criteria for the remaining four environmental objectives and a few additional activities and according criteria for the climate objectives of the EU taxonomy.
The call for feedback ran from 3 August to 28 September 2021.
The purpose of this call for feedback was to gather further evidence and feedback on proposed draft technical screening criteria. The draft criteria presented in the report are working documents of the platform and do not represent a final view of the platform. They are presented to gather feedback so that the criteria can be further refined and developed before a final set of recommendations on the criteria are agreed by the platform and proposed to the European Commission.
The draft report is not an official Commission document nor an official Commission position. Nothing in this document commits the Commission nor does it preclude any policy outcomes.
The platform’s advice will inform the development of the Commission’s delegated act on the taxonomy technical screening criteria for the 4 remaining environmental objectives.
- 12 July 2021Draft reports - Social taxonomy and extended taxonomy to support economic transition
The platform published two draft reports on social taxonomy and on an extended taxonomy to support economic transition.
The two drafts constitute an important step towards fulfilling one of the platform’s main deliverables, which is to advise the Commission on a potential social and extended environmental taxonomy.
Both draft reports are advisory and the Commission has not taken a decision yet on whether to proceed in either area.
The platform gathered stakeholder feedback on both drafts through two calls for feedback, which ran from 12 July to 6 September 2021, after the original deadline of 27 August was extended.
The platform’s advice will feed into the Commission’s report on a potential extension of the taxonomy framework, as set out under Article 26 (2a and 2b) of the Taxonomy Regulation. The Commission will analyse and consider these reports in light of the continuing development of the EU taxonomy, as laid out in the new sustainable finance strategy.
News and events
- 9 July 2025Call for applications - Third mandate
- 27 May 2024Statement – Sustainable finance and SMEs
- 22 April 2024Event - Transition to a climate-neutral economy
- 4 April 2024Event – Report on monitoring capital flows to sustainable investments
- 6 February 2024Event - Report on a compendium of market practices
The platform will hold a webinar present the report on a compendium of market practices.
- January 2024Platform’s Newsletter – Issue 2
- 17 October 2023Stakeholder request mechanism - EU taxonomy
- 8 February 2023Mandate - Platform on Sustainable Finance
The Commission announces members for the new mandate of the Platform on Sustainable Finance.
In its first mandate, the Platform on Sustainable Finance delivered on a number of tasks and published several reports informing the further development of the EU taxonomy and of the wider EU sustainable finance agenda. Below you can find all the reports published by the platform from October 2020 to November 2022.
- 12 October 2022Call for applications - Second mandate
- 11 October 2022Events - EU taxonomy & minimum safeguards
The platform held two launch events for the publication of the reports on “data and usability of the EU taxonomy” and “minimum safeguards”.
You can find the recording of the live streaming here. - 28 February 2022Event - Social taxonomy
The platform held a webinar to present the final report on 'social taxonomy'.
- 12 & 13 July, 17 August 2021Events - Social taxonomy & EU taxonomy
The platform held webinars to present draft ideas on ‘social’ taxonomy and ideas on potential ‘significantly harmful & no significant impact’ taxonomy.
- 21 June - 13 July 2021Event - EU taxonomy
Other 4 webinars focused on usability aspects of the taxonomy:
- 21 April 2021Statement - EU taxonomy
- 24 & 26 February 2021Events - Platform on Sustainable Finance
Stakeholders had a first opportunity to engage with the Platform on Sustainable Finance throughout the series of 5 online webinars organised 24 and 26 February 2021. Interested stakeholders were able to engage on the approaches and key concepts developed by the Platform on Sustainable Finance so far and get an insight in the working process of the platform.
- January 2021Statement - Transition financing
- 1 October 2020Creation
Creation of the Platform on Sustainable Finance
More information
Platform in the register of Commission expert groups (more information on governance and plenary meeting agendas and minutes)