Regulation on the establishment of a framework to facilitate sustainable investment, and amending Regulation (Taxonomy, 2020/852)

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  • Publication Date: June 18, 2020
  • Language: English
  • Geographic Area: Europe
  • Issuing Entity: UE
  • Application Scope: Transversal
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Abstract
Regulatory Extracts from this
This regulation is intended to provide companies and investors across the EU with a common language for identifying the extent to which economic activities can be considered environmentally sustainable.
Extracts
Environmental objectives
Article 9: Environmental objectives (a) climate change mitigation; (1/1/22) (b) climate change adaptation; (1/1/22) (c) the sustainable use and protection of water and marine resources; (1/1/23) (d) the transition to a circular economy; (1/1/23) (e) pollution prevention and control; (1/1/23) (f) the protection and restoration of biodiversity and ecosystems. (1/1/23)
  • Theme: Data and Taxonomy, Impact
  • Text Nature Regulations
  • General Topic: ESG Rating
Enabling activities
Article 16: Enabling activities
  • Theme: Data and Taxonomy, Impact
  • Text Nature Regulations
  • General Topic: ESG Rating
Minimum safeguards
Article 18: Minimum safeguards
  • Theme: Data and Taxonomy, Formal Policies and Procedures
  • Text Nature Regulations
  • General Topic: ESG Rating
Platform on Sustainable Finance
Article 20: Platform on Sustainable Finance
  • Theme: Data and Taxonomy, Formal Policies and Procedures
  • Text Nature Regulations
  • General Topic: ESG Rating
Measures and penalties
Article 22: Measures and penalties
  • Theme: Data and Taxonomy, Formal Policies and Procedures
  • Text Nature Regulations
  • General Topic: ESG Rating
Exercise of the delegation
Article 23: Exercise of the delegation
  • Theme: Data and Taxonomy, Formal Policies and Procedures
  • Text Nature Regulations
  • General Topic: ESG Rating
Periodic Review
Article 26: Periodic Review
  • Theme: Data and Taxonomy, Formal Policies and Procedures
  • Text Nature Regulations
  • General Topic: ESG Rating
Entry into force and application
Article 27: Entry into force and application: Articles 4, 5, 6 and 7 and Article 8(1), (2) and (3) shall apply: (a) in respect of the environmental objectives referred to in points (a) and (b) of Article 9 from 1 January 2022; and (b) in respect of the environmental objectives referred to in points (c) to (f) of Article 9 from 1 January 2023.
  • Theme: Data and Taxonomy, Global organization
  • Text Nature Regulations
  • General Topic: ESG Rating
Definitions
biodiversity
the variability among living organisms arising from all sources including terrestrial, marine and ot
circular economy
an economic system whereby the value of products, materials and other resources in the economy is ma
climate change adaptation
the process of adjustment to actual and expected climate change and its impacts;
climate change mitigation
the process of holding the increase in the global average temperature to well below 2 °C and pursuin
ecosystem
a dynamic complex of plant, animal, and micro-organism communities and their non-living environment
ecosystem services
the direct and indirect contributions of ecosystems to the economic, social, cultural and other bene
energy efficiency
the more efficient use of energy at all the stages of the energy chain from production to final cons
environmentally sustainable investment
an investment in one or several economic activities that qualify as environmentally sustainable unde
financial market participant
a financial market participant as defined in point (1) of Article 2 of Regulation (EU) 2019/2088 and
financial product
A financial product as defined in point (12) of Article 2 of Regulation (EU) 2019/2088;
good condition
in relation to an ecosystem, that the ecosystem is in good physical, chemical and biological condit
good ecological potential
good ecological potential as defined in point 23 of Article 2 of Directive 2000/60/EC.
good environmental status
good environmental status as defined in point 5 of Article 3 of Directive 2008/56/EC;
good status
(a) for surface water, having both ‘good ecological status’ as defined in point 22 of Article 2 of Directive 2000/60/EC and ‘good surface water chemical status’ as defined in point 24 of Article 2 of that Directive; (b) for groundwater, having both ‘good groundwater chemical status’ as defined in point 25 of Article 2 of Directive 2000/60/EC and ‘good quantitative status’ as defined in point 28 of Article 2 of that Directive;
greenhouse gas
a greenhouse gas listed in Annex I to Regulation (EU) No 525/2013 of the European Parliament and of
groundwater
groundwater as defined in point 2 of Article 2 of Directive 2000/60/EC;
issuer
an issuer as defined in point (h) of Article 2 of Regulation (EU) 2017/1129 of the European Parliame
marine waters
marine waters as defined in point 1 of Article 3 of Directive 2008/56/EC;
pollutant
a substance, vibration, heat, noise, light or other contaminant present in air, water or land which
pollution
(a) the direct or indirect introduction of pollutants into air, water or land as a result of human activity; (b) in the context of the marine environment, pollution as defined in point 8 of Article 3 of Directive 2008/56/EC; (c) in the context of the water environment, pollution as defined in point 33 of Article 2 of Directive 2000/60/EC;
soil
the top layer of the Earth’s crust situated between the bedrock and the surface, which is composed o
surface water
surface water as defined in point 1 of Article 2 of Directive 2000/60/EC;
waste hierarchy
the waste hierarchy as laid down in Article 4 of Directive 2008/98/EC;

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