EU TAXONOMY REGULATION ENVIRONMENT
How we implement the EU taxonomy
Disclosures pursuant to Article 8 of Regulation (EU) 2020/852 (Taxonomy Regulation)
The Taxonomy Regulation sets out three overarching conditions that an economic activity has to meet in order to qualify as sustainable:
a) A n economic activity substantially contributes to one or more of the six environmental objectives set out in Article 9 (EU) 2020/852 and complies with the corresponding technical screening criteria:
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Climate change mitigation (CCM)
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Climate Change Adaptation (CCA)
• Sustainable use and protection of water and marine resources (WTR)
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Transition to a Circular Economy (CE)
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Pollution prevention and control (PPC)
• Protection and restoration of biodiversity and ecosystems (BIO)
b) In addition to making a substantial contribution to at least one environmental objective, an economic activity must not significantly harm any of the other objectives (principle of ‘do no significant harm’ (DNSH)).
c) T he company’s activities must meet minimum social standards, called minimum safeguards (MSS).
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