Taxonomy’s main goal is to create a single, binding definition of what is to be considered environmentally sustainable through the development of science based Technical Screening Criteria (TSC).
The TSC defining process is led by a dedicated Platform for Sustainable Finance (PSF) composed by a wide range of experts and stakeholders (including among others for academia, industry, civil societies etc.). T&E is part of the PSF actively contributing to the creation of the truly sustainable, science based European taxonomy.
The first EU Taxonomy Delegated Act (Climate DA), with a first batch of criteria for Climate Change Mitigation and Adaptation objectives in 60+ economic sectors, has been adopted by the European Commission on 21 April 2021 and will apply as of 1 January 2022. (draft Delegated Act).
The second Delegated Act (Environmental DA) is in the making and will be approved by the end of 2021. It should add 40+ new economic sectors and criteria for the other four objectives such as preservation and restoration of biodiversity, transition to circular economy, pollution prevention and control and water (fresh and marine) management. The second DA will add both new sectors and new technical screening criteria for previously defined activities and is scheduled to be ready by Q2 2021.