This document is an excerpt from the EUR-Lex website
Document 32020R0852
Assessing environmentally sustainable investments
Regulation (EU) 2020/852 on establishing a framework to facilitate sustainable investment
Action plan on sustainable growth
This ‘taxonomy’ regulation is one of a number of actions designed to help achieve the three objectives of the action plan, which are:
Criteria
The regulation sets out the following criteria to be applied by the EU and EU Member States to decide whether an economic activity is environmentally sustainable.
Environmental objectives
For the purpose of the regulation, the environmental objectives are:
The regulation sets out the steps that an economic activity must take to make a substantial contribution or to not significantly harm any of these objectives.
Activity list
The regulation requires the Commission to set out a list of environmentally sustainable activities by defining technical screening criteria for each environmental objective. These criteria are established by means of delegated acts.
It has applied since 12 July 2020.
For further information, see:
Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (OJ L 198, 22.6.2020, pp. 13–43).
Communication from the Commission to the European Parliament, the European Council, the Council, the European Economic and Social Committee and the Committee of the Regions: The European Green Deal (COM(2019) 640 final, 11.12.2019).
Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (OJ L 317, 9.12.2019, pp. 1–16).
Successive amendments to Regulation (EU) 2019/2088 has been incorporated into the original text. This consolidated version is of documentary value only.
Regulation (EU) 2019/2089 of the European Parliament and of the Council of 27 November 2019 amending Regulation (EU) 2016/1011 as regards EU Climate Transition Benchmarks, EU Paris-aligned Benchmarks and sustainability-related disclosures for benchmarks (OJ L 317, 9.12.2019, pp. 17–27).
Communication from the Commission – Guidelines on non-financial reporting: Supplement on reporting climate-related information (OJ C 209, 20.6.2019, pp. 1–30).
Directive (EU) 2018/2001 of the European Parliament and of the Council of 11 December 2018 on the promotion of the use of energy from renewable sources (OJ L 328, 21.12.2018, pp. 82–209).
See consolidated version.
Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC (OJ L 182, 29.6.2013, pp. 19–76).
See consolidated version.
last update 10.08.2022