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EU taxonomy timeline: milestones
and deadlines you should know
a
“The European Commission developed the werd st taxonomy of enitnmentaly
sustainable acti tocreate a common definition of sustanable economic atities ang
‘thereby mateit easier to channel vestmentsina sustainable rection, The taxonomy wil
contribute tothe European Unions ciate esitonce gels, patcully2er0 emissensby
2050. The European Union taxonomy entered into force. 12 Jy 2020 ania designed to
Provide the most comprehensive pictur of opportunities for investors tohelp meet Europes
‘climate goals. nclusing developing low carbon sectors andreducng the carbon oti.
“The EU taxonomy is ready npace. nd sted companies wth moe than 500 employeesin
‘tneresrest future wll have to ssclose the extent towhch they meet the criteria. Starting
‘tom Jarry 2025, wlbecome mandatory forage companies coveted the Nor-fncil
Reporting Ovective(NFRO} inhi article, wel ook at the EU taxonomy summary, what you
‘esa to do to comply, rc provide atimeine that snows the key datesinthe regulation.
What is the timeline for the Taxonomy?
Lets break conn the definition to understand the tmaine forthe EU taxonomy bate.
0, ne EU taxonomy lea system basedon ciantifiec erteria, cefinng activities that lal
the decarbonizatin ofthe econ, a
Evtaxonamy envionmentalaoectves
‘The EU taxonomy regulation timeline gals for governments, companies, banks, investment
Pension funds, and insurance companies to organize andreport on thar actus. This would
‘make maremaney avalabe for allativtiesamadatfacitating the green transton, youre
aninettation inolvedin construction and agricultural projets review the EU taxonomia
constuuction as wells theEU taxoner nage
What is the release and application timeline for EU
taxonomy?
Nowlet’stake acloserlokat the time fares forte EU taxonomy Fora better understanding
\owiltakoa separate ok at raglatry development and when companies must fle
sustainability ports,
‘For bom s EU taxonomy region escosure mandatory
Regulatory development.
Letts reve the reguatery chronology so that we understandthe order which certain
regulatory cts were adopted, he Delegated Cima Act beganto be applied in 2022. Inthe
‘sare yar. acomplementary ciate delegated act was nazod after whichit was publshed
In thetic aural The ipementation of tis document wil be delayed by one yes nthe
‘meantine. the Environment Deiegated ket isstilunder development
‘The Sustainable Finance Platform eporthas aleedy been crafted, buthas yet tobe formally
copted asa delogatedact. he axact cate ofthis avent isunknen, butt eexpectedto
cccuriniste 2022 ft does happen onthe due dte, nancial entites shoud startling
‘the taxonomy eligbilty report in January 2028.
Prodt-evelreportng founds wills include taxonomy assessment fr portfolio
companies. Te product level axcnomy asclosure under the Sustainable nance Disclosure
Regulation (SFDR) andthe Taxancm Regulation arco will apply beginning anuary 2028
Now ets ake acloser ook at regulatory development.
Disclosure requirements
"Nowetslockat the spectic deacines by which businesses must prove information
‘sccoreing tothe EU taxonomy epating timeline. Inannual reporting ferthe rnc year
2022, companiesrecuited to report onthe taxonomy must ésclose the proportion of tunover,
(Opexand Capt ceived rom actintis aignedwith the taxonomy criteria Take a lockat the
table below former information en further steps.
Consider Celsia your trusted partner
Alot the above may seem somewhat complicated at fst glance. You may needhelp to
Conducta sustainability assessment nately manner to fuly meet the deadines mentioned
‘onthe EU taxonomy implementation inelne, Cosi is here todo just that, One of ou
companys main goals tomake sustanabiity assessments simple anatast and most
Importantly, we make them etfectwe with our EU taxanomy reporting software
It.doesrt matter what siz yourcompary ser the comply of thecase. Working with Celia,
youcan participate inthe geen finance system Colsa offers high-tech platform tomake
sustanablty assessments fr commercial organizations, consuitng fms, investment funds
andbanks. Tore noneed trea third-party compary to evaluate your businessusing
taxonomy criteria. Why waste your maney on this when youcan use tol that allons yout do
youre?
2 prime example of the feasibly of using the Cosa patter is thacase of ne ofou cents,
‘uantafueis acnemica waste company that has set tself the noble gal f ching the global
plastic problem. The company approached Casi mid-202!
ater evening altne benet tof usingour platorm, Quantatuel deidedto doitsown
sustainsolty assessment and was excited wth the results With Celia, Quantatul was able
toconduct the intial EV taxonomy assessment in full accordance with bes practices.
Inaction Qvatafuelavoited the need tokoep track of EU taxonomy updates, as the
platform automaticaly dowrioad allnecessary data
“This ts stone exemple ofthe successful use ofheplattom Checkout cur cas studies or
rmareinfmtion.
What is the timeline for EU taxonomy? .
What are the main goals of the EU social taxonomy
timeline?
What are the deadlines for EU taxonomy reporting? .
Not sure where to start?
‘Checkaut our guide to the EU Taxonomy to get on top of,
timelines, requirements, and the steps neected tn gat your
report ready. Taxonomy for your
company
‘are tie post
inv fo
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