What is the core of the EU taxonomy regulation about?

The Taxonomy Regulation serves to achieve the EU's climate and environmental sustainability goals.

The classification of environmentally sustainable economic activities is determined by the following six environmental goals:

1. Climate protection
2. Climate change adaptation,
3. sustainable use and protection of water and marine resources,
4. Transition to a circular economy,
5. Pollution prevention and control
6. Biodiversity and ecosystem protection and restoration.

An economic activity is considered environmentally sustainable if that economic activity:

• makes a significant contribution to achieving one or more of the above six environmental goals;
• does not result in significant harm of one or more of the above six environmental objectives;
• in compliance with a certain minimum level of protection (e.g. compliance with the OECD Guidelines for
• Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights);
• meets the technical evaluation criteria established by the Commission by means of delegated acts.

With respect to the taxonomy-compliant economic activities, the following performance indicators must be identified and disclosed:

• The proportion of its revenue generated from products or services that are associated with taxonomy-compliant economic activities (hereinafter referred to as "sustainability-related revenue").
• The share of their capital expenditures related to assets or processes associated with taxonomy-compliant economic activities (hereinafter referred to as "sustainability-related capital expenditures.
• The share of operating costs related to assets or processes associated with taxonomy-compliant economic activities (hereafter referred to as "Sustainability-related operating expenditures.

For relaxation (although whether it's actually relaxing is another matter), we recommend the Netflix documentary "Breaking Boundaries - The Science of our Planet". At least then you'll know why the EU is pushing so hard on the issue of sustainability reporting and taxonomy quotas.

Alle Informationen zum Thema?#Nachhaltigkeitsberichterstattung?finden Sie unter:?https://nachhaltigkeitsbericht.wirtschaftstreuhand.de/

? Foto Prof. Dr. Ulrike Stefani, T?gerwilen/Schweiz, https://www.instagram.com/ulrike_stefani_/