JOINT PRESS RELEASE: European Parliament Committees’ report taxonomy for Sustainable Investment – some improvements made to the draft report but still not satisfactory

The report voted yesterday by COM ENVI and COM ECON added a new layer of complexity that could  result in additional administrative burdens for agriculture and forest based sectors. By including sustainability indicators without clearly referring to the existing ones, the report could also create confusion and uncertainty for future investments.

The report, which was voted yesterday, features aspects that farmers, forest managers, owners and cooperatives find alarming. The amendments could jeopardise the development and sustainable use of European natural resources and the entire bioeconomy value chain which aim to positively contribute to meeting the Paris Agreement climate objectives and the UN Sustainable Development Goals.

Although the compromise amendments adopted in COM ENVI and COM ECON proposed some positive modifications, it is questionable if the outcome of the Committees’ vote improves the Commission proposal. The proposed changes go well beyond the initial proposal and could undermine future investments in the EU.

We believe that, before developing new sustainability criteria or environmental indicators, it is essential to have a clear assessment of the current legislation and other existing legislation. Indeed, Pan-European criteria and indicators already exist for sustainable forest management. In addition, the cascading principle should not be embedded into legislation as this would not be in line with the market approach and would not take into account local conditions.

Before the next steps, we need to have an open debate that reflects the realities faced by primary producers and existing bio-based value chains that could be hit hard by the initiative, especially at a time when investments are crucial to facing major challenges, such as climate change, employment and growth in the EU.


For further information, please contact:


Piotr Borkowski, Executive Director – Eustafor
Mobile : +32 474989319;

Meri Siljama, Policy Advisor – CEPF
Mobile : +32 491735605,

Jean-Baptiste Boucher, Communications Director  – Copa-Cogeca
Mobile: + 32 474 840 836;

Forestry News from 2020

31/01/2020Wood Be Better – a new initiative launched in Brussels
10/02/2020EUSTAFOR President speaks at the International Conference on Forests for Biodiversity and Climate
02/03/2020ROSEWOOD Final Conference and Forestry Innovation Workshop 2020
05/03/2020EU Commission proposes European Climate Law and consults on the European Climate Pact
15/03/2020How to manage European forests in the 21st Century?
21/03/2020Forests, biodiversity and sustainable forest management – an inseparable trio thriving together
01/04/2020European Commission adopted a new Circular Economy Action Plan for a Cleaner and More Competitive Europe
02/04/2020European Commission launched its 2020 call for project proposals under the LIFE programme
02/04/2020European Commission launched consultations on EU sustainable finance, Climate Law and 2030 Climate Target Plan
10/04/2020EUSTAFOR input to the Inception Impact Assessment of the 2030 Climate Target Plan
17/04/2020State Forests in the Baltic Sea Region: Where experience meets challenges and future opportunities
20/04/2020Forest ownership in the ECE region – The organisation of public forest ownership
21/04/2020EUSTAFOR input to the inception impact assessment of the Commission Delegated Regulation on Sustainable Finance – EU classification system for green investments
05/05/2020The European forestry sector must be part of the future EU COVID-19 recovery plan
15/05/2020Joint statement: The EU forest sector’s role in ensuring sustainable forest management and conserving biodiversity
17/05/2020The European Forest-based Industries Ecosystem calls to be eligible for support by the European Recovery Plan and Industrial Strategy
19/05/2020EU Biodiversity Targets 2030 must be balanced, realistic and feasible – 5 policy recommendations from EU state forests
20/05/2020The EU Biodiversity Strategy for 2030 must be balanced, realistic and feasible
22/05/2020Forests, Biodiversity and Sustainable Forest Management – an inseparable trio thriving together
01/07/2020EUSTAFOR’s input to the roadmap for the EU strategy on adaptation to climate change
03/07/2020SINCERE – Mapping innovation across Europe
10/07/2020Initial reactions by key stakeholders to the Farm-to-Fork & EU Biodiversity Strategies
17/07/2020#ForestBiodiversity video series: The contribution of Sustainable Forest Management in preserving forest biodiversity
07/09/2020[Virtual conference] European Forests: Hotspots of Biodiversity
09/09/2020Hotspots of biodiversity: The role of sustainable forest management in Europe
25/09/20202030 EU Climate Target Plan must better recognize the role of forests in climate change mitigation and adaptation
28/09/2020Joint statement: The New EU Forest Strategy: 3 reasons to endorse the committee report
29/09/2020EUSTAFOR’s input to the EC Roadmap on EU renewable energy rules – review
06/10/2020EU forest-based Industries for a sustainable future
08/10/2020European Parliament paves the way for the Commission to propose an ambitious and self-standing EU Forest Strategy
12/10/2020#ForestBiodiversity – A new platform to show how sustainable forest management supports biodiversity preservation
22/10/2020European Commission adopted its 2021 work programme
29/10/2020LULUCF Forest Reference Levels for 2021-2025 set by the European Commission
16/11/2020We are hiring a Forestry and Forest-Based Sector Communications Officer
25/11/2020Webinar: EU Forest Strategy post-2020 in the context of post-EU Green Deal future-fit Europe
Show older Forestry News

Please upgrade your browser to the latest version for a better experience.