The European Commission (EC) is making stringent new demands on companies’ reporting of their impact on the environment, as it looks to drive investors’ money towards the greenest firms.

The first two chapters of the EU’s sustainable taxonomy rules have been passed by member states and will come into force at the start of next year.

The European Commission is in talks to classify nuclear energy and gas as green investments in its new sustainable taxonomy.

The Platform on Sustainable Finance, an expert group of the European Commission, has proposed a significant expansion of the EU’s Taxonomy for sustainable finance.