Monday 01 March 2021 09:11
Under Article 8(1) of the Taxonomy Regulation, undertakings required to publish non-financial information pursuant to Articles 19a and 29a of Directive 2013/34/EU (the ‘Accounting Directive’) have to disclose information on how and to what extent their activities are associated with economic activities that qualify as environmentally sustainable under the Taxonomy Regulation. On 15 September 2020, the European Commission (‘Commission’) addressed to the three European Supervisory Authorities (‘ESAs’) a call for advice (see Annex II)1. The call requested advice on KPIs and methodology on the disclosure of how and to what extent the activities of undertakings that fall within scope of the Non-Financial Reporting Directive qualify as environmentally sustainable under the Taxonomy Regulation. A Consultation Paper2 was published on 5 November 2020 to seek the views of stakeholders on a proposal for the advice to be given to the Commission. This report summarises the feedback to the consultation and sets out ESMA’s final advice to the Commission. […]
Source: Final Report – Advice on Article 8 of the Taxonomy Regulation