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Comment: 'Social taxonomy' for EU banks, asset managers unlikely to see light of day

By Jack Schickler ( March 1, 2021, 10:10 GMT | Comment) -- EU banks and asset managers are unlikely to see social and governance requirements on top of their climate-reporting duties, despite efforts from policymakers. Developing a “social taxonomy" to let funds be channeled to worthy causes seems almost impossible beyond identifying a few obvious areas of harm, given the subjective nature of many of the issues at stake.EU banks and asset managers, already lumbered with countless reports of climate-change impact, might soon also have to detail their ethical and human-rights profiles — but efforts to nail that down look set to get stuck in the policy pipework. ...

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