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ARTICLE · 01 JULY 2021

ESG - EU Taxonomy Regulation - 6 Months To Go

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With just over six months to go before the EU Taxonomy Regulation (EU/2020/852) (the "Regulation") becomes effective, firms which are subject to the EU Sustainable Finance Disclosure Regulation ("SFDR")...

European UnionEnvironment
Kirsten Lapham
Kirsten Lapham
John Verwey
John Verwey
Michael Singh
Michael Singh
Amar Unadkat
Amar Unadkat
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With just over six months to go before the EU Taxonomy Regulation (EU/2020/852) (the "Regulation") becomes effective, firms which are subject to the EU Sustainable Finance Disclosure Regulation ("SFDR") should be considering the extent to which the requirements of the Regulation may also be applicable to them and planning to comply accordingly. With this in mind, the following briefing note provides a recap of the Regulation and highlights the legislative developments firms should be mindful of, as we draw closer to the implementation date.

What is the Taxonomy Regulation?

The Regulation supplements (and should be read alongside) the SFDR, which came into force in March this year (please see our update on preparing for the implementation of the SFDR back in February 2021) and establishes an EU-wide classification system or 'framework' which is intended to provide businesses and investors with a common language to identify to what degree their economic activities

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