Insights Blog

The European Commission has published FAQ on Delegated Acts under the EU Taxonomy Regulation:


  • Commission Notice on the interpretation and implementation of certain legal provisions of the Disclosures Delegated Act: setting out responses to FAQ on interpretation of the Disclosures Delegated Act with regard to the reporting of Taxonomy-eligible and Taxonomy-aligned economic activities and assets under Article 8 of the Taxonomy Regulation. The Notice states that the Commission may update or add to FAQs relating to non-financial undertakings reporting key performance indicators (KPIs) and financial undertakings reporting on their green asset ratio (GAR) and green investment ratio (GIR). Undertakings subject to the NFRD/CSRD are obliged to make disclosures under Article 8 of the Taxonomy Regulation.  The FAQ clarify that where the relevant undertakings are not able to ascertain compliance of Taxonomy-eligible activities that are not material for their business with the TSC due to a lack of data or evidence, they should report those activities as not Taxonomy-aligned without any further assessment.

The notices were originally published by the European Commission in December 2022 and the final versions have now been published in the Official Journal.