Vigeo Eiris, a Moody’s affiliate and leading global provider of environmental, social and governance solutions has released the beta version of its EU Taxonomy Alignment Screening tool. Vigeo Eiris’ solution offers investors a transparent and comprehensive view on the three components required in order to identify Taxonomy Alignment; contribution to defined environmental objectives, compliance with the Do No Significant Harm principles and compliance with the Minimum Social Safeguards principles. Access to the beta version of the product is free to all market participants upon request. The Request for Comment (RFC) is open until November 1st, 2020.
In September, the UN-PRI released a report outlining the challenges faced by a pilot group of investors, testing the implementation of the Taxonomy. In the report the UN-PRI advised investor engagement with data providers to support agreement, standardization and limit discrepancies in market offerings. “By making our beta version widely accessible, we aim to facilitate the kind of dialogue recommended by the PRI and support investors in preparing for implementation” – Michael Notat – Executive Director, Investors at Vigeo Eiris.
The EU Taxonomy is primed to reshape the landscape for responsible investment in Europe and accelerate the shifting of capital towards the objectives of European Commissions’ Sustainable Finance Action Plan. Vigeo Eiris’ Taxonomy Alignment Screening will help investors to integrate taxonomy considerations into their investment processes. Following feedback from market participants on the beta-version, the final product will be released in January 2021.
“Taxonomy integration is a big undertaking and commitment for investors. We are committed to providing the market with high quality, granular datasets that support investors in the integration, execution and reporting on Taxonomy elements and the rapidly changing ESG environment in Europe” – Emilie Beral, Executive Director – Methodology, Innovation and Quality at Vigeo Eiris.
Download the Taxonomy Alignment Paper HERE