On June 22, the Taxonomy Regulation was published in the Official Journal of the European Union and it will go into effect on July 12, 2020.
The Taxonomy Regulation establishes a framework to facilitate sustainable investment, introducing an EU-wide taxonomy of environmentally sustainable activities. The Taxonomy Regulation also amends the EU Regulation on Sustainability‐Related Disclosures in the Financial Services Sector, introducing new disclosure requirements for a range of entities, including financial services firms and large public interest companies.
For more information on ESG and sustainable finance in Europe, please see Katten’s advisory “ESG and Sustainable Finance: The European Perspective.”
The Taxonomy Regulation is available here.