On the 4th of June the European Commission released the EU Taxonomy Compass with the aim to make the content of the Taxonomy easier to use and navigate for companies and financial actors that need to align with it. The compass allows users to assess which activities are included within the EU Taxonomy classification (taxonomy-eligible activities), to which they can contribute and what the requirements are to meet the criteria.
The EU Taxonomy is a classification system that lists environmentally sustainable activities in order to provide a common language on which economic activities can be considered sustainable. The Taxonomy Climate Delegated Act was released earlier this year where the commission provided this list of sustainable economic activities.
Access the EU Taxonomy Compass here.
Follow the Horizon 2020 QUEST project to get more expert updates on the Taxonomy Regulation.