European Commission 5 March 2025, Commission Notice on the interpretation and implementation of certain legal provisions of the EU Taxonomy Environmental Delegated Act, the EU Taxonomy Climate Delegated Act and the EU Taxonomy Disclosures Delegated Act

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The Commission Notice provides clarifications on the interpretation and implementation of the EU Taxonomy Environmental Delegated Act, the EU Taxonomy Climate Delegated Act, and the EU Taxonomy Disclosures Delegated Act, aimed at facilitating compliance with these regulations. It outlines the scope and purpose of the EU Taxonomy as a unified classification system for sustainable economic activities, key provisions regarding technical screening criteria (TSC) for climate and environmental objectives, and the application and enforcement mechanisms for stakeholders. The notice serves as a resource for financial and non-financial undertakings to ensure effective reporting and adherence to regulatory requirements without imposing additional obligations.AI