EU Taxonomy: Call for simplification and improved usability |
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| Yesterday, our Director General, Markus J. Beyrer, participated in the Implementation Dialogue on EU Taxonomy, hosted online by Commissioner for Financial Services and the Savings and Investments Union, Maria Luís Albuquerque. |
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| The meeting brought together around 20 industry representatives and experts to exchange views on how to make the EU’s sustainable finance framework more effective, practical, and less burdensome for companies. Beyrer welcomed the European Commission’s Omnibus I package as a first step towards improving the usability of the EU Taxonomy, while he also highlighted the urgent need to go further in simplification. The current framework remains too complex and burdensome, |
| often requiring companies to report on activities that have little impact on their overall sustainability profile. There is also a need to reduce duplication with other EU legislation and ensure that companies are not obliged to disclose unnecessary commercially sensitive financial information. Simplifying the Taxonomy is essential to make it a truly effective tool, one that drives capital towards sustainable projects without creating unnecessary barriers for companies that want to invest in the green transition. |
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EU enlargement policy as a driver for stability and prosperity |
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| At the sidelines of the Ukraine Recovery Conference in Rome, our Deputy Director General Luisa Santos and Vice-President Maciej Witucki took part in the EU–Ukraine Business Partnership Roundtable on 9 July. This roundtable was chaired by Commissioner for Enlargement Marta Kos and Ukraine’s First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko. It focused on strengthening private sector investment in Ukraine and provided a timely opportunity for BusinessEurope to present the key messages of our new paper, “EU enlargement policy as a driver for stability and prosperity.” In the paper, BusinessEurope calls for a gradual integration approach during the accession process, opening selected parts of the Single Market and granting access to specific EU programmes and projects, while safeguarding the integrity of the Single Market. At the same time, internal reforms will be essential to prepare the EU to accommodate future members. Read our full paper here. |
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“We definitely need to expand the markets we trade with because otherwise we will not be able to grow and our companies will not be able to maintain their [global] market share”. Our Deputy Director General Luisa Santos quoted in POLITICO Pro on 8 July. |
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