Classification Scheme for Sustainable Investments
In July 2022, the European Sustainable Investment Forum (Eurosif), the University of Hamburg and F.I.R.S.T e.V. published a white paper that develops a new classification scheme for sustainable investments with a focus on the sustainable transition of the real economy.
The new classification scheme has two main objectives: First, it considers the level of ambition of an investment to contribute to a sustainable and equitable transition of the real economy. Second, it ties in with existing practice as it is based on established and widely used approaches to sustainable investment strategies as defined by Eurosif, the Global Sustainable Investment Alliance (GSIA) and the United Nations Principles for Responsible Investment (PRI). The classification is not an alternative to the existing categories of the Sustainable Finance Disclosure Regulation (SFDR) of the EU but complements them with the currently missing aspect of sustainable transition.
The white paper can be found here.