Sven Giegold

Open letter for credible Sustainable Finance rules: Public pressure has to increase further

Dear friends, dear signatories,

To date, almost 1000 people have signed our call to the European Commission for credible Sustainable Finance rules, including over 250 industry experts. This sends a strong signal to the Commission that it is risking to fundamentally damage the important European Sustainable Finance project. Today we officially sent the open letter to Commission Vice-President Valdis Dombrovskis and Finance Commissioner Mairead McGuinness. Thank you very much for your support!

The fact that so many representatives of the sustainable finance sector signed our letter has obviously given the Commission food for thought. But the pressure on the Commission from the Member States remains high. While important countries like Germany are shying away from a clear commitment to credible rules, the Eastern European states are insisting on an even further softening of the rules on electricity generation from fossil gas. The Scandinavians want the often harmful status quo of their forestry to be labelled sustainable. And recently, Emmanuel Macron entered into an unholy alliance with the gas proponents in order to secure support for a sustainability classification of nuclear energy in return.

Public pressure must therefore now increase once again to get a credible taxonomy after all. Only credible, science-based rules can make Sustainable Finance a success and boost the sustainable transformation of our economies. If Olaf Scholz continues to stay silent, he will lose all credibility in climate policy. If the Scandinavians want to keep their reputation as a poster child in sustainability, they must adhere to their principles also when their core interests are at stake. Macron even pacts with Viktor Orbán for his beloved nuclear energy, betraying his pro-European convictions. If the Commission allows the taxonomy to become a tool for state-licensed greenwashing, it will undermine its own European Green Deal. Please help spreading these messages and building public pressure. Please share our open letter or my tweet on the matter to give our strong message even more visibility.

With European greetings,
Sven Giegold




Our open letter to the EU Commission for credible Sustainable Finance rules:

My tweet on the open letter – please share!

Link to the open letter with all signatories:



P.S. Petition: Digital Tax Now! – Shops are closing, Amazon & Co are making huge profits without paying their fair share of tax: a digital tax must come now! Together we have the chance to finally overcome the blockade on the digital tax: Please sign our petition and share it with your contacts!

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