Source: European Parliament
On 8 April 2025 from 17:00 to 18:00, ECON and ENVI Members will exchange views with Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investments Union, on the draft Delegated Regulation amending three key Delegated Acts adopted under the EU Taxonomy Regulation, namely the Disclosures (Delegated Regulation (EU) 2021/2178), Climate (Delegated Regulation (EU) 2021/2139) and Environment (Delegated Regulation (EU) 2023/2486) Delegated Acts.
The draft delegated act was published for consultation on 26 February 2025 as part of the Omnibus I simplification package on sustainability reporting and due diligence. With the aim of reducing and simplifying reporting of companies, the draft act proposes, amongst others, to i) introduce a financial materiality threshold; ii) modify the disclosures templates; iii) adjust the Green Asset Ratio for banks, by excluding exposures related to companies which are outside the future proposed scope of the Corporate Sustainability Reporting Directive; and iv) simplify the “Do no Significant harm” criteria for pollution prevention and control related to the use and presence of chemicals.
The Commission is planning to adopt the delegated act in the course of April 2025, triggering then the official 4-month scrutiny period by the Parliament and the Council.