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ARTICLE · 04 APRIL 2022

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EU Taxonomy: Scope For 'Amber' Classification?

Arthur Cox
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The Platform on Sustainable Finance has published its Extended Environmental Taxonomy: Final Report on Taxonomy extension options supporting a sustainable transition (29 March)...

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The Platform on Sustainable Finance has published its Extended Environmental Taxonomy: Final Report on Taxonomy extension options supporting a sustainable transition (29 March) in response to the Commission's request for advice on possible extensions to the EU Taxonomy.

The EU Taxonomy is a classification system, established under the EU Taxonomy Regulation, to identify economic activities that make a "substantial contribution" to at least one of six environmental objectives while ensuring that the activity will "do no significant harm" ("DNSH") to any of the other objectives and also meet minimum safeguards. Activities with a level of performance meeting the relevant technical screening criteria thresholds for "substantial contribution" and DNSH are referred to as Taxonomy-aligned or "green".

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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