EU institutions continue to shape the EU regulatory environment
in the ESG field. Through the so-called "April Package" published
on 21 April 2021, significant progress was made on standard-setting
and reporting on sustainability related disclosures through the
adoption of a number of draft legal instruments, some of which have
been finally adopted in the meantime, affecting EU corporates and
financial sector players.
I. The EU Taxonomy Climate Delegated Act
The Taxonomy Climate Delegated
Act is a delegated regulation supplementing the Taxonomy Regulation . It establishes the
technical screening criteria for determining when an economic
activity qualifies as contributing substantially to climate change
mitigation or climate change adaptation within the meaning of
Article 9 of the Taxonomy Regulation and for determining whether
that economic activity causes no significant harm to other
environmental objectives.
