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ARTICLE · 24 JULY 2025

EU Moves To Simplify Taxonomy Disclosures Without Undermining Green Goals

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On July 4, 2025, the European Commission (EC) adopted a "Delegated Act Amending the Taxonomy Disclosures, Climate and Environmental Delegated Acts," marking a significant shift in how companies will interact...

United StatesEnvironment
Ezra Zahabi
Ezra Zahabi
Harry Keegan
Harry Keegan
Amy Kennedy
Amy Kennedy
Stacey H. Mitchell
Stacey H. Mitchell
Jan Walter
Jan Walter
George O'Malley
George O'Malley
Charles Edward Smith
Charles Edward Smith
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On July 4, 2025, the European Commission (EC) adopted a "Delegated Act Amending the Taxonomy Disclosures, Climate and Environmental Delegated Acts," marking a significant shift in how companies will interact with the European Union's (EU) Taxonomy. According to the related press release, the intention behind the modifications is clear: to reduce administrative burdens and enhance competitiveness while "preserving core climate and environmental goals." This seems especially relevant for companies newly brought into the scope of sustainability reporting under the EU's Corporate Sustainability Reporting Directive (CSRD). These changes come as part of the broader Omnibus I package, first introduced in February 2025. They are set to apply as of January 1, 2026, and will cover the 2025 financial year. For companies operating in both the EU and the United States, these modifications offer a welcome opportunity to streamline sustainability disclosures in a period of

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