PSF - EU Platform on Sustainable Finance

The Platform was first established in October 2020, for a two-year mandate that ended in October 2022. A call for applications for the selection of members for the new mandate of the Platform was launched in October 2022 and the new composition of the Platform was announced on 8 February 2023. In December 2024, the Platform’s mandate was extended by three months until the end of March 2025. The purpose of this extension was for the Platform to finalise the outstanding elements of the work set out under this mandate.

The Platform is an advisory body that has been established under Article 20 of the Taxonomy Regulation and is subject to the Commission’s horizontal rules for expert groups.

The Platform will operate in a context in which the development of technical screening criteria under the EU taxonomy has progressed significantly and the markets have started to apply the taxonomy and other sustainable finance regulations and tools.Therefore, its main purpose will be to advise the European Commission on the implementation and usability of the EU taxonomy and the sustainable finance framework more broadly. The Platform will also work on the development and possible revisions of taxonomy criteria and on monitoring of capital flows.

Based on the mandate of the Platform set out in Article 20 of the Taxonomy Regulation, and the work delivered in the previous mandate, the members and observers will start working on three main tasks to deliver key deliverables

- advising on the usability of the EU taxonomy and wider sustainable finance framework
- advising on the technical screening criteria for the EU taxonomy
- monitoring capital flows into sustainable investments