EU Taxonomy: Commission publish FAQs on sustainability disclosures under Article 8

The European Commission has published a FAQs document aiming to clarify the content of the Disclosures Delegated Act under Article 8 of the EU Taxonomy Regulation on the reporting of eligible economic activities and assets.

The FAQs clarify the provisions already contained in the legislation. They do not introduce any additional requirements and are only intended to assist financial and non-financial undertakings in the implementation of the relevant legal provisions. 

The FAQs complement the FAQs published by the Commission in December 2021 on how financial and non-financial undertakings should report taxonomy-eligible economic activities and assets in accordance with the Disclosure Delegated Act (see our earlier blog post). They were first published in draft in February 2022, and the final version does not differ materially from the draft.

The FAQs include answers to questions such as ‘Should non-financial undertakings report the Taxonomy-eligibility of their non-EU activities?’ ‘What should financial undertakings report if underlying entities’ information is not publicly available?’ and ‘How may asset managers weight their holdings in a portfolio to report Taxonomy-eligible assets?’

'Commission Notice on the interpretation of certain legal provisions of the Disclosures Delegated Act under Article 8 of EU Taxonomy Regulation on the reporting of eligible economic activities and assets' was published in the Official Journal of the EU on 6 October 2022 and is available here.