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EU Taxonomy

The EU taxonomy is a classification system, establishing a list of environmentally sustainable economic activities. It could play an important role helping the EU scale up sustainable investment and implement the European green deal.

Link: Council Regulation (EU) 2020/852


Content of this page:


The Taxonomy Regulation was proposed as part of the EU Action Plan on Financing Sustainable Growth (COM(2018) 97 final), which aims at redirecting capital flows toward a more sustainable economy.

For that purpose, the Taxonomy Regulation applies to policy measures targeting sustainable financing activities, financial market participants within the scope of the SFDR and companies subject to the NFRD and has consequences for mandatory reporting on these activities.

Adoption of the regluation:18 June 2020
Status:Applicable from January 2022 onward (covering financial year 2021 onward)
Transitional period:A transitional application period relates to financial year 2021 for nonfinancial undertakings and to financial years 2021 and 2022 for financial undertakings.1

For the transitional period, only taxonomy-eligible activities2 and only with regard to climate change adaptation and climate change mitigation must be reported.
Prospect:The Taxonomy Regulation will be further developed over time to also cover socially sustainable activities.

1 Article 10 of Commission Delegated Regulation (EU) 2021/2178

2 Economic activities are defined as taxonomy-eligible if they are listed in the delegated act that specifies the technical screening criteria (2021/2139). Taxonomy-alignment further requires adherence to the substantial contribution criteria, the DNSH principle and the minimum safeguards.


Companies that must comply:

[Work in progress]

Environmental objectives

In Article 9 the Taxonomy Regulation defines the following six environmental objectives:

  1. climate change mitigation;

  2. climate change adaptation;

  3. the sustainable use and protection of water and marine resources;

  4. the transition to a circular economy;

  5. pollution prevention and control; and

  6. the protection and restoration of biodiversity and ecosystems.


Each environmental objective is delineated in greater detail in Articles 10-15.

Disclosure requirements

[Work in progress]

Reporting format

[Work in progress]


[Work in progress]


Updates to this page:

15 September 2022Update to the current status of the EU Taxonomy.