Which component of the EU taxonomy pertains to social objectives?

The component of the EU taxonomy that pertains to social objectives focuses on adhering to established minimum standards. This aspect is included as part of the broader framework to ensure that sustainable economic activities not only contribute positively to environmental goals but also meet specific social criteria. These minimum standards typically address issues like labor rights, social inclusion, and equality, reinforcing the idea that sustainability involves both environmental and social dimensions.

By requiring adherence to these standards, the EU taxonomy aims to ensure that investments align with societal values and contribute to the well-being of communities, thereby promoting a comprehensive understanding of sustainability that encompasses both the environmental and social pillars. This inclusion recognizes that for economic activities to be considered truly sustainable, they must also benefit society and adhere to social norms and rights.