Region: EU

The regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment (the EU Taxonomy) sets disclosure requirements for financial market participants offering financial products within the EU, and undertakings who are already required to provide non-financial statement under the Non-Financial Reporting Directive. This updated briefing incorporates the Taxonomy climate delegated act published 21 April 2021, looks at next steps in Taxonomy development and disclosure requirements, and provides a basic overview of the Taxonomy main features.