European Taxonomy: new Delegated Act

After several years of Taxonomy disclosures, entities falling within the scope of the Taxonomy Regulation, which now aligns with the scope of the Corporate Sustainability Reporting Directive (CSRD), have reported challenges in applying the framework, with some viewing it as both complex and burdensome. Simplifying the European Taxonomy is therefore part of the overarching effort incurred by the European Commission to reduce reporting burden with its package of simplification proposals referred to as "Omnibus I" adopted on 26 February 2025.  

This package thus contained a proposed new Delegated Act, which aimed at providing significant disclosure reliefs, by amending the Article 8 Delegated Act, Climate Delegated Act and the Environmental Delegated Act.  

This digest provides insights on the content of the new Taxonomy Delegated Act.