ECCJ, together with a number of members of European Parliament (MEPs), experts and over a dozen civil society organisations, call on the European Commission to include human rights expertise in the technical expert group on sustainable finance that will be shortly established.
In a joint open letter, the organisations and individuals welcome the Action Plan on Sustainable Finance announced by the Commission last 8 March. The plan results from the work and conclusions of the High-Level Expert Group on Sustainable Finance (HLEG) established in 2016 in the context of the institution's strategy to implement the Paris Agreement and the UN 2030 Agenda for Sustainable Development.
In order to implement the Action Plan, the Commission has opened a call for applications for the formation of a technical expert group on sustainable finance which will, inter alia, be tasked with the creation of an EU taxonomy and classification system for sustainable assets and activities.
The signatory organisations and individuals consider that the mandate of the group, as described in the call, is insufficient in ensuring the goals, in particular those related to the fulfillment of social objectives, set out in the Action Plan.
They therefore call on the Commission to "include human rights expertise in the technical expert group from the outset, and ensure that a human rights-based approach is adopted in the development and classification of all activities meant to contribute to climate mitigation and adaptation".
Download the full letter and see the list of signatories here.