On 21 December 2023, the European Commission adopted a guidance document which addresses frequently asked questions on the interpretation and implementation of the Taxonomy Disclosures Delegated Act.

The guidance document considers the:

  • Scope of entities subject to the reporting obligations.
  • Reporting obligations of large financial undertakings and financial undertakings admitted to trading on EU markets relating to how they finance, invest in or insure taxonomy-aligned activities.
  • Taxonomy assessment of specific exposures such as to retail clients, local authorities and exposures to individual undertakings and groups.
  • Rules pertaining to the verification and evidence of compliance with the EU taxonomy.

It also contains targeted questions specifically related to credit institutions, insurance undertakings, and asset managers.