EU Commission adopts measures to simplify the taxonomy

The EU Commission has adopted a series of measures to simplify the application of the EU taxonomy, the EU's classification system for sustainable economic activities and investments. The changes are intended to reduce the administrative burden for EU companies while preserving core climate and environmental objectives.

The Taxonomy Regulation entered into force in 2020, and its reporting requirements apply since 2022. By providing a common sustainability reference point for financial and non-financial companies, the Taxonomy supports investments that contribute to a sustainable transformation of the EU economy in line with the objectives of the European Green Deal..

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