EU social taxonomy could return, but its name is ‘absolutely burnt’, says former rapporteur

Antje Schneeweiß, who worked on the EU’s social taxonomy before it was shelved last year, says that it could make a comeback under a different name

While there is a good prospect of the EU revisiting its stance on the social impact of investments in its next parliament, the doors “are locked” once the initiative is referred to under its previous title — the social taxonomy — according to a leading contributor to the project, who is now advocating for a “social investment framework” and the embedding of social criteria throughout European sustainable finance regulation.