The EU Technical Expert Group on Sustainable Finance publishes their Taxonomy Technical Report

Published 4 July 2019

PrintCategory: Financial Regulation

On 18 June 2019 the EU Technical Expert Group on Sustainable Finance published their Taxonomy Technical Report. The report is part of the implementation of the EU Commission’s Action Plan “Financing Sustainable Growth” from March 2018 and follows the proposals for an EU regulation on the Establishment of a Framework to Facilitate Sustainable Investment and an EU Regulation on Disclosures Relating to Sustainable Investments and Sustainability Risks. The report is part of the EU Commission’s overall effort to create a unified standard for sustainable economic activities in the European Union, which is expected to significantly impact the private equity and venture capital industry with respect to reporting and accountability obligations. Concurrently with its publication of the Taxonomy Technical Report, the technical expert group has also published a supplementary report on how to apply the principles of the taxonomy.

Next steps:  The technical expert group will continue developing the taxonomy within the existing scope until the end of 2019. Upon completion it is expected that proposals for one or more delegated regulations will be made to implement the recommendations from the taxonomy.

See the Taxonomy Technical Report here and the supplementary report on using the taxonomy here.

Tags:  AIFMDDisclosure RequirementsGovernanceMarketing


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