On 19 December 2022, the EU Commission published two separate documents containing its FAQs on the interpretation and implementation of Commission Delegated Regulation (EU) No. 2021/2139 of 4 June 2021 (the “Taxonomy Climate Delegated Act”) and Commission Delegated Regulation (EU) No. 2021/2178 of 6 July 2021 (the “Disclosures Delegated Act”), respectively. The first set of FAQs focuses on the information to be provided by companies and the alignment of their activities under Article 8 of the Taxonomy Regulation and the Taxonomy Climate Delegated Act. The second document clarifies the scope of the sustainability disclosure rules introduced by Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 (SFDR) that require financial market participants to use key performance indicators when calculating the “Green Asset Ratio” (GAR) and “Green Investment Ratio” (GIR), as defined in the Disclosures Delegated Act. The information provided for in these documents is meant to clarify the content of the relevant legislative acts, but they do not expand existing requirements nor introduce new ones.
- How-to guide How-to guide: Understanding environmental, social and governance (ESG)
- How-to guide How-to guide: What general counsel (GC) need to know about environmental, social and governance (ESG)
- How-to guide How-to guide: How to understand and implement the ‘E’ in environmental, social and governance (ESG)