Policymakers currently discussing a 'taxonomy' for sustainable finance products at EU level often argue that the proposal already includes social and human rights safeguards. This is not true in the least, warn Eleni Choidas, Lis Cunha and Rachel Owens.
MEPs face a crucial decision. Will they take heed of the global outcry from the climate strikes, or will they water down key financial regulation to tackle environmental and human rights abuses, ask Rachel Owens and Lis Cunha.
There is a big risk that the European Commission’s proposals on sustainable finance will be watered down when EU member states examine the draft legislation, warn Lis Cunha, Sebastien Godinot and Rachel Owens.
Twelve EU member states offer ‘golden visas’ to the super rich. In return for some form of investment, non-Europeans receive residency and often a second passport and access to the whole of the EU. The potential for corruption is huge, writes Rachel Owens.
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