Taxonomy Regulation

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Sustainability - European Union - European Commission.

The EU's Taxonomy Regulation (EU 2020/852) came into force in July 2020.

It establishes the framework for the EU taxonomy by setting out four overarching conditions that an economic activity has to meet in order to qualify as environmentally sustainable.

It must:

  • Contribute substantially to one or more of the six Environmental Objectives under the EU Taxonomy, or directly enable other activities to make a substantial contribution to one or more of them.
  • Not significantly harm any other Environmental Objective.
  • Comply with applicable technical screening criteria.
  • Be carried out in compliance with certain safeguards.

See also