European forests

Conserving biodiversity through sustainable forestry management

260.000 jobs in Europe

Bringing social and economic added value to rural areas

Use more wood

Reduce CO2 emissions and tackle climate change

Building with wood

A natural, strong, durable and recyclable material

Technical expert group on sustainable finance (TEG) – Final Report on Taxonomy

10.03.2020

Technical expert group on sustainable finance (TEG) – Final Report on Taxonomy

After taking into consideration a second round of feedback, which took place in summer 2019, the TEG published the final version of its report on 9 March 2020. The final report on EU taxonomy contains recommendations relating to the overarching design of the Taxonomy, as well as guidance on how companies and financial institutions can make disclosures using the taxonomy. The report is supplemented by a technical annex containing an updated list of technical screening criteria for economic activities that can substantially contribute to climate change mitigation or adaptation, including an assessment of significant harm to other environmental objectives.

Full report. 

Technical annex. 

Source: European Commission