Environmental Taxonomy: New FAQs for financial undertakings published

On 21 December 2023, the European Commission published draft FAQs on the Environmental Taxonomy Regulation (Regulation (EU) 2020/852). The draft focuses on the taxonomy reporting of financial undertakings.

The draft has already been approved in principle by the European Commission and will be published in the official languages of the EU in the EU Official Journal at a later date.

The ASCG will continue to engage with developments on Environmental Taxonomy. In the past, we held thirteen user forums on the Environmental Taxonomy with our member companies and associations. The problems and possible solutions discussed in the user forums were forwarded to the European Commission in the form of submissions. Some of the issues raised in the submissions are also addressed in the FAQ documents published by the European Commission. Additional information can be found on the relevant ASCG project page.