Actis Partner and Head of Sustainability, Shami Nissan, spoke to Sustainable Views about social taxonomies. Her comments focused on the pace of sustainability-related regulations being rolled out and the challenges to developing social taxonomies:
“With the volume and pace of legislation we’ve seen, concerns exist as to the clarity of how new standards and obligations will be applied, interpreted and enforced. Policymakers may therefore seek to pause work on social taxonomies while organisations get to grips with these new demands.
“It is difficult to develop technical screening criteria for a social taxonomy that would work across different jurisdictions and geographies. Social impacts, whether negative or positive, are highly localised – so even at nation-level, there is inherent complexity.”
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