The EU Taxonomy for Sustainable activities
Disclosure requirements and implications for corporates
2021 ends with some major developments in the EU taxonomy and sustainability reporting. In November, the International Council for Sustainable Development Standards (ISSB) was established to set global standards for sustainable development reporting. And on December 9, the European Council approved the long-awaited EU delegated act on the first two Taxonomy objectives, confirming the adoption of technical screening criteria for actions that significantly contribute to mitigation and adaptation to climate change. This is a significant achievement and a key milestone in the EU's sustainable finance agenda. It establishes a common language for investors, companies and other stakeholders. And it takes effect from January 1, 2022! Starting next year, investors and companies can start reporting in line with the EU taxonomy, meeting the upcoming disclosure requirements under the SFDR and the Taxonomy Regulation.
Who should disclose and how to prepare Taxonomy disclosures? - find the answers to these and more questions in the attached file.