What are the key changes?
- Financial materiality thresholds of 10% turnover, capital expenditures (CapEx) and operating expenses (OpEx) have been introduced. This means that we can exclude from the assessment of compliance with the EU Taxonomy one or the sum of several activities that together do not exceed 10% under each of the three KPIs: turnover, CapEx and
- DNSH criteria simplified („don't do serious damage” rule)
- Simplifications were made to the taxonomy tables (reducing by 64% da data points of non-financial companies and by 89% for financial institutions);
- Key performance indicators such as the GAR for financial institutions have been simplified, and the ability for financial institutions not to report individual KPIs for two years has been introduced.
Annex XII of Delegated Regulation (EU) 2021/2178, which dealt with activities in the natural gas and nuclear energy sectors, was repealed, which is expected to reduce the reporting burden and avoid duplication of information disclosed by non-financial companies.
From when are the changes made effective?
The Delegated Regulation will enter into force on January 28, 2026, after the 20-day vacatio legis. The regulation is applicable as of January 1, 2026. However, companies are left to choose whether for the first period after the changes (for the fiscal year that began between January 1 and December 31, 2025) they will take advantage of the simplifications or still report under the old rules.
We encourage you to check out the updated information on Taxonomy on our website: „Taxonomy of Sustainable Financing - Current Regulations and Explanations of the European Commission.”.
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