Scope
Financial market participants (product disclosures) and CSRD/NFRD-scope undertakings (turnover/CapEx/OpEx KPIs)
EU · regulation
EU Taxonomy Regulation
Regulation (EU) 2020/852 + Delegated Acts 2021/2139 (Climate), 2021/2178 (Disclosures), 2022/1214 (Complementary), 2023/2486 (Environmental)
In forceApplies 2022-01-01
Penalties
Enforced via CSRD/SFDR supervision and national competent authorities
Last verified
2026-08-22
In plain language
What this law does
The EU's classification system for environmentally sustainable economic activities: an activity qualifies if it substantially contributes to one of six objectives, does no significant harm to the others, meets minimum safeguards, and satisfies technical screening criteria. Feeds SFDR product disclosures and CSRD KPI reporting.
Core obligations
Assess substantial contribution + DNSH + minimum safeguards against delegated-act criteria; disclose Taxonomy-aligned turnover, CapEx and OpEx KPIs; financial undertakings disclose GAR and equivalents
Dictionary
Terms defined in this law
- Significant harm* (Art. 17)EU Taxonomy
- Environmentally sustainable economic activity* (Art. 3)EU Taxonomy
- *Substantial contribution* (Art. 10–16, per objective)EU Taxonomy — Art. 10–16, per objective
- Minimum safeguardsEU Taxonomy
- Technical screening criteria (TSC)EU Taxonomy
- Enabling activity* (Art. 16)EU Taxonomy
- Transitional activity* (Art. 10(2))EU Taxonomy
- Taxonomy-eligibleEU Taxonomy
- Six environmental objectives (Art. 9)EU Taxonomy
- Turnover KPIEU Taxonomy
- CapEx KPIEU Taxonomy
- OpEx KPIEU Taxonomy
- GAR (Green Asset Ratio)EU Taxonomy
- GAR numeratorEU Taxonomy
- FinGuar KPIEU Taxonomy
- AuM KPIEU Taxonomy
- Investment-firm KPIs (fees & commissions; dealing on own account); insurer underwriting KPI; off-balance-sheet KPIs; trading-book KPIEU Taxonomy
- Counterparty-based calculationEU Taxonomy
- TemplatesEU Taxonomy
- 10% materiality thresholdEU Taxonomy
- Partial alignment option; reduced template granularityEU Taxonomy
Claims