Sustainable finance: Commission provides additional guidance to help financial undertakings report about environmental performance of their activities under EU taxonomy

The Commission adopted a guidance document, addressing frequently asked questions on the interpretation and implementation of the Taxonomy Disclosures Delegated Act. It will help the financial market participants concerned prepare their first mandatory reporting exercise in 2024. By further increasing the usability of the sustainable finance framework, it helps companies on their transition journey. There is no trade-off between competitiveness and sustainability: the financial sector, by adapting its business models to sustainability, will remain competitive.