Taxonomy Regulation definition
Examples of Taxonomy Regulation in a sentence
Thus, the regulation provides that no measure should lead to significant harm to any of the six environmental objectives within the meaning of Article 17 of the Taxonomy Regulation.
The 'Do not Significant Harm' (DNSH) principle has been further specified in the EU Regulation on the establishment of a framework to facilitate sustainable investments (Regulation (EU) 2019/2088), commonly defined as the 'EU Taxonomy Regulation'.
In essence, the Taxonomy Regulation defines and classifies ‘economic activities’ which are deemed to be ‘environmentally sustainable’.
The Taxonomy Regulation also builds on the SFDR requirements for Article 8 Funds and Article 9 Funds by placing additional disclosure obligations on such Funds that invest in economic activities that contribute to one or more of the Environmental Objectives.
The Taxonomy Regulation seeks to establish a framework to classify environmentally sustainable economic activities (otherwise known as Taxonomy-aligned activities), whilst also amending certain disclosure requirements of SFDR.