EU taxonomy for sustainable activities information
Classification system established to clarify investments that are economically suitable
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Regulation 2020/852
European Union regulation
Title
on the establishment of a framework to facilitate sustainable investment
Made by
European Parliament and Council
Made under
Article 114 TFEU
Journal reference
L 198/13, 22 June 2020
Other legislation
Amends
Regulation (EU) 2019/2088, the Sustainable Finance Disclosure Regulation
The EU taxonomy for sustainable activities (i.e. "green taxonomy") is a classification system established to clarify which economic activities are environmentally sustainable, in the context of the European Green Deal.[1] The aim of the taxonomy is to prevent greenwashing and to help investors make informed sustainable investment decisions.[2] The Taxonomy covers activities contributing to six environmental objectives: climate change mitigation, climate change adaptation, the transition to a circular economy, pollution prevention and control, sustainable use and protection of water and marine resources, and protection and restoration of biodiversity and ecosystems.[3][4] The Taxonomy came into force in July 2020.[5] The UK is working on its own separate taxonomy.[6]
^Cite error: The named reference :3 was invoked but never defined (see the help page).
^European Commission. "FAQ: What is the EU Taxonomy and how will it work in practice?" (PDF). European Commission.
^"EU Taxonomy Navigator". European Commission - European Commission. Retrieved 2023-10-30.
^"EU taxonomy for sustainable activities". European Commission. Retrieved 5 April 2021.
^Sholem, Michael (10 March 2021). "ESMA Proposes Rules for Taxonomy-Alignment of Non-Financial Undertakings and Asset Managers". The National Law Review. Retrieved 5 April 2021.
^"Chancellor sets out ambition for future of UK financial services". GOV.UK. Retrieved 2021-05-20.
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