The EU taxonomy is a classification system, that establishes a list of environmentally sustainable economic activities. It will play an important role in helping the EU scale up sustainable investment and implement the European green deal. The EU taxonomy would provide companies, investors, and policymakers with appropriate definitions for which economic activities can be considered environmentally sustainable. In this way, it should create security for investors, protect private investors from greenwashing, help companies to become more climate-friendly, mitigate market fragmentation and help shift investments where they are most needed. FT supports the public consultation process by providing feedback on the water and pollution criteria to be established to improve the environmental performance of certain sector activities.