TotalEnergies Corbion has announced that its Luminy polylactic acid bioplastics successfully meet the stringent criteria of the European Union Taxonomy Regulation on climate change mitigation and adaptation. The assessment can be found in the newly re-launched whitepaper titled Planting the Future with PLA, which details the regulation and explores the sustainability aspects of biobased materials.
The paper defines the EU taxonomy as a classification system with technical screening criteria for defining the specific requirements and thresholds for an economic activity to be considered as significantly contributing to a sustainability objective.
It is critical for sustainable innovation, as it sets a standard for what can be labeled as 'sustainable' in business in the European Union. The framework uses six environmental objectives: climate change mitigation, climate change adaptation, sustainable use and protection of water and marine resources, transition to a circular economy, pollution prevention and control, and protection and restoration of biodiversity and ecosystems. The intent of the regulation is to help increase sustainable investment and further drive the implementation of the European Green Deal.