Sustainability
Helping companies place sustainability at the centre of their business
European Taxonomy: new Delegated Act
The Taxonomy Regulation entered into force in June 2020, creating the “European Taxonomy”, a framework aiming to provide a Europe-wide definition of an environmentally sustainable economic activity.
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.
EU Taxonomy guide
In June 2020, the final text of the Taxonomy Regulation (2020/852) was published in the Official Journal of the European Union. This regulation created the “European Taxonomy”, a framework aiming to provide a Europe-wide definition of an environmentally sustainable economic activity.
First Omnibus proposal
The first Omnibus proposal sets the stage for a long legislative process that could reshape corporate sustainability reporting. With new thresholds, timelines, and standards on the negotiation table, businesses across sectors may need to anticipate significant changes. Here we explore these potential developments in detail, providing insights to help organisations confidently navigate the regulatory...
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Carolin Friedrich Partner - Berlin, Germany
Carole Masson Associée, Doctrine - Paris, France
