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New research from InfluenceMap has tracked intensive lobbying by EU trade associations representing finance and industry, on the taxonomy process. The aim of this lobbying has been to water down this key pillar of the European Union’s sustainable finance policy, which is designed to establish a framework for classifying sustainable investment. This may jeopardize the European Commission's plan to fight false and misleading sustainability claims by the private sector, at a time when genuine impact is needed from finance on key issues like climate change.