On Tuesday 11 April, the European Commission launched two consultations on taxonomy.
“The EU Taxonomy Regulation is an important piece of legislation that helps to guide money towards projects aligned with the European Green Deal”, said Mairead McGuinness, EU Commissioner for Financial Services, Financial Stability and Capital Markets, in a statement. “By contributing to this call for feedback, you can have your say on the development of the framework”, she added.
Open until Wednesday 3 May 2023, the first consultation concerns a new set of criteria in the taxonomy for economic activities that make a substantial contribution to one or more of these environmental objectives: - sustainable use and protection of water and marine resources; - transition to a circular economy; - pollution prevention and control; - protection and restoration of biodiversity and ecosystems (see EUROPE 13140/1).
The second consultation concerns proposals to amend the ‘Taxonomy Climate’ delegated act, which covers the environmental objectives of climate change mitigation and adaptation, and the ‘Disclosures Taxonomy’ delegated act. The criteria are based on the recommendations of the Platform on Sustainable Finance, published in March and November 2022.
A stakeholder enquiry mechanism will be set up at a later stage to respond to suggestions and questions on new activities that could be included in the taxonomy or on possible changes to the technical criteria for selecting existing activities.
Finally, the Commission has also updated its ‘EU Taxonomy Compass’ website, which is now integrated into a new website called ‘EU Taxonomy Navigator’. In this way, it aims to help users better understand the taxonomy. The website provides a series of online tools that facilitate implementation and help businesses meet their reporting obligations.
For more information: https://aeur.eu/f/69v (Original version in French by Anne Damiani)