Sustainable Finance: new technical screening criteria and new activities concerned

By Delegated Regulation (EU) 2023/2485 of 27 June 2023, the European Commission amends the Delegated Regulation (EU) 2021/2139 of 4 June 2021 by establishing additional technical screening criteria for determining the conditions under which certain economic activities qualify as contributing substantially to climate change mitigation or climate change adaptation and for determining whether those activities cause no significant harm to any of the other environmental objectives.

Furthermore, Delegated Regulation (EU) 2023/2486 of 27 June 2023 establishes the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to the sustainable use and protection of water and marine resources, to the transition to a circular economy, to pollution prevention and control, or to the protection and restoration of biodiversity and ecosystems and for determining whether that economic activity causes no significant harm to any of the other environmental objectives. This Regulation supplements Regulation (EU) 2020/852 of 18 June 2020 on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation) and amends Commission Delegated Regulation (EU) 2021/2178 of 6 July 2021 as regards specific public disclosures for those economic activities.