Comments to MF on the proposal for Taxonomy

Due to the fact that the Ministry of Finance is the leading and competent authority at national level, referring to the proposal for a Regulation of the European Parliament and of the Council establishing a framework to encourage investment in sustainable development – opinion on a consultation on the TEG report on EU taxonomy and the Technical Expert Reports that have already been published, BACI announced to MF the following statement and comments, in accordance to the CEMBUREAU’s policy.

CEMBUREAU, the European Cement Association, of which BACI is a Member, represents cement companies in 26 of the 28 Member States of the European Union and covers 95% of the cement production in the EU 28. CEMBUREAU has been participating, along with selected cement companies, in the Technical Expert Group on Sustainable Financing – Manufacturing sub­group focusing on manufacturing of cement (the “TEG”). The Technical Expert Group feeds into the European Commission’s work on taxonomy which seeks to identify investments that can be considered « green investments » by private investors.