EU-TAXONOMY-SUSTAINABLE

EU sustainable activities 6-objective taxonomy.

Definition

EU Taxonomy 6 environmental objectives: (1) Climate change mitigation, (2) Climate change adaptation, (3) Sustainable use and protection of water and marine resources, (4) Transition to circular economy, (5) Pollution prevention and control, (6) Protection and restoration of biodiversity and ecosystems. Eligibility + Alignment screening with Technical Screening Criteria + Do No Significant Harm (DNSH) + Minimum Safeguards (OECD MNE Guidelines, UNGPs). Disclosure: Turnover / CapEx / OpEx %. Key for SFDR Article 8/9 funds, EU Green Bond Standard, CRR3 banks.

Origin

EU Taxonomy proposed by European Commission 2018 ; Regulation (EU) 2020/852 adopted 18 June 2020 ; Climate Delegated Act 2021 ; Environmental Delegated Act 2023.

Example in context

BNP Paribas reports annually its EU Taxonomy alignment: ~3% Turnover aligned activities (renewable energy lending, green building loans) ; CapEx ~5% aligned (carbon-neutral datacenter migration).

Related terms

• CSRD — disclosure framework.