ESG – Key Criteria Impacting Taxonomy-alignment Of Real Estate

In order to meet the commitments under the Paris Climate Agreement, the EU legislator has amongst other things introduced the EU Taxonomy Regulation. After a short recap of the EU Taxonomy framework, this blog offers some more insight into some of the (technical) criteria under which real estate-related economic activities can be (or become) 'taxonomy aligned' and, as such, qualify as 'green' or 'environmentally sustainable' under EU law from a Dutch regulatory perspective.

The EU Taxonomy Regulation; a brief recap

The EU Taxonomy Regulation puts in place a classification system which is aimed at channelling both public and private investments to environmentally sustainable economic activities by establishing criteria for labelling economic activities as 'green' or 'environmentally sustainable'.