NFU Consultation Reply on the Platform’s Draft Report on Social Taxonomy
Summary
The draft report on a social taxonomy argues that in the face of a pandemic, unanswered social questions around a sustainable transition, continuing human rights abuses and continuously rising costs for housing, it is important to identify economic activities that contribute to advancing social objectives. Built on the foundation of international norms and principles like the sustainable development goals (SDG) and the UN guiding principles for businesses and human rights, the draft report argues that a social taxonomy would help investors identify opportunities to finance solutions around ensuring decent work, enabling inclusive and sustainable communities and affordable healthcare and housing.
The Platform gathered stakeholder feedback on the draft report. Nordic Financial Unions (NFU) replied to the consultation, emphasising the view of the Nordic financial sector employees.
