LegalizeCommission Delegated Regulation (EU) 2023/2486 of 27 June 2023 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing 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 and amending Commission Delegated Regulation (EU) 2021/2178 as regards specific public disclosures for those economic activities
For an activity to be reported in Section A.1 all DNSH criteria and minimum safeguards shall be met. For activities listed under A2, columns (5) to (17) may be filled in on a voluntary basis by non-financial undertakings. Non-financial undertakings may indicate the substantial contribution and DNSH criteria that they meet or do not meet in Section A.2 by using: (a) for substantial contribution – Y/N and N/EL codes instead of EL and N/EL; and (b) for DNSH – Y/N codes.
Template: Proportion of CapEx from products or services associated with Taxonomy-aligned economic activities – disclosure covering year N
| Financial year N | Year | Year | Year | Substantial contribution criteria | Substantial contribution criteria | Substantial contribution criteria | Substantial contribution criteria | Substantial contribution criteria | Substantial contribution criteria | *DNSH criteria (“Does Not Significantly Harm”)* [^E0383] | *DNSH criteria (“Does Not Significantly Harm”)* [^E0383] | *DNSH criteria (“Does Not Significantly Harm”)* [^E0383] | *DNSH criteria (“Does Not Significantly Harm”)* [^E0383] | *DNSH criteria (“Does Not Significantly Harm”)* [^E0383] | *DNSH criteria (“Does Not Significantly Harm”)* [^E0383] | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Economic Activities (1) | Code [^E0376] (2) | CapEx (3) | Proportion of CapEx, year N (4) | Climate Change Mitigation (5) | Climate Change Adaptation (6) | Water (7) | Pollution (8) | Circular Economy(9) | Biodiversity(10) | Climate Change Mitigation (11) | Climate Change Adaptation (12) | Water (13) | Pollution (14) | Circular Economy (15) | Biodiversity (16) | Minimum Safeguards (17) | Proportion of Taxonomy-aligned (A.1.) or eligible (A.2.) CapEx, year N-1 (18) | Category enabling activity (19) | Category transitional activity (20) |
| Text | Currency | % | Y; N; N/EL [^E0377] [^E0378] | Y; N; N/EL [^E0377] [^E0378] | Y; N; N/EL [^E0377] [^E0378] | Y; N; N/EL [^E0377] [^E0378] | Y; N; N/EL [^E0377] [^E0378] | Y; N; N/EL [^E0377] [^E0378] | Y/N | Y/N | Y/N | Y/N | Y/N | Y/N | Y/N | % | E | T | |
| A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES |
| A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) |
| Activity 1 | % | Y | Y | Y | Y | Y | Y | Y | % | ||||||||||
| Activity 1 [^E0379] | % | Y | Y | Y | Y | Y | Y | Y | % | E | |||||||||
| Activity 2 | % | Y | Y | Y | Y | Y | Y | Y | % | T | |||||||||
| CapEx of environmentally sustainable activities (Taxonomy-aligned) (A.1) | CapEx of environmentally sustainable activities (Taxonomy-aligned) (A.1) | % | % | % | % | % | % | % | Y | Y | Y | Y | Y | Y | Y | % | |||
| Of which enabling | Of which enabling | % | % | % | % | % | % | % | Y | Y | Y | Y | Y | Y | Y | % | E | ||
| Of which transitional | Of which transitional | % | % | Y | Y | Y | Y | Y | Y | Y | % | T | |||||||
| A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0382] |
| EL; N/EL [^E0381] | EL; N/EL [^E0381] | EL; N/EL [^E0381] | EL; N/EL [^E0381] | EL; N/EL [^E0381] | EL; N/EL [^E0381] | ||||||||||||||
| Activity 1 [^E0380] | % | % | |||||||||||||||||
| CapEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2) | CapEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2) | % | % | % | % | % | % | % | % | ||||||||||
| A. CapEx of Taxonomy-eligible activities (A.1+A.2) | A. CapEx of Taxonomy-eligible activities (A.1+A.2) | % | % | % | % | % | % | % | |||||||||||
| B. TAXONOMY-NON-ELIGIBLE ACTIVITIES | B. TAXONOMY-NON-ELIGIBLE ACTIVITIES | B. TAXONOMY-NON-ELIGIBLE ACTIVITIES | B. TAXONOMY-NON-ELIGIBLE ACTIVITIES | ||||||||||||||||
| CapEx of Taxonomy-non-eligible activities | CapEx of Taxonomy-non-eligible activities | % | |||||||||||||||||
| TOTAL | TOTAL | 100 % |
The Code constitutes the abbreviation of the relevant objective to which the economic activity is eligible to make a substantial contribution, as well as the section number of the activity in the relevant Annex covering the objective, i.e.: — Climate Change Mitigation: CCM — Climate Change Adaptation: CCA — Water and Marine Resources: WTR — Circular Economy: CE — Pollution Prevention and Control: PPC — Biodiversity and ecosystems: BIO.
For example, the Activity “Afforestation” would have the Code: CCM 1.1.
Where activities are eligible to make a substantial contribution to more than one objective, the codes for all objectives should be indicated.
For example, if the operator reports that the activity “Construction of new buildings” makes a substantial contribution to climate change mitigation and circular economy, the code would be: CCM 7.1. / CE 3.1.
The same codes should be used in Sections A.1 and A.2 of this template.
Y – Yes, Taxonomy-eligible and Taxonomy-aligned activity with the relevant environmental objective
N – No, Taxonomy-eligible but not Taxonomy-aligned activity with the relevant environmental objective
N/EL – not eligible, Taxonomy-non-eligible activity for the relevant environmental objective.
Where an economic activity contributes substantially to multiple environmental objectives, non-financial undertakings shall indicate, in bold, the most relevant environmental objective for the purpose of computing the KPIs of financial undertakings while avoiding double counting. In their respective KPIs, where the use of proceeds from the financing is not known, financial undertakings shall compute the financing of economic activities contributing to multiple environmental objectives under the most relevant environmental objective that is reported in bold in this template by non-financial undertakings. An environmental objective may only be reported in bold once in one row to avoid double counting of economic activities in the KPIs of financial undertakings. This shall not apply to the computation of Taxonomy-alignment of economic activities for financial products defined in point (12) of Article 2 of Regulation (EU) 2019/2088. Non-financial undertakings shall also report the extent of eligibility and alignment per environmental objective, that includes alignment with each of environmental objectives for activities contributing substantially to several objectives, by using the template below:
Image omitted; see official source
The same activity may align with only one or more environmental objectives for which it is eligible.
The same activity may be eligible and not aligned with the relevant environmental objectives.
EL – Taxonomy-eligible activity for the relevant objective
N/EL – Taxonomy-non-eligible activity for the relevant objective.
Activities shall be reported in Section A.2 of this template only if they are not aligning to any environmental objective for which they are eligible. Activities that align to at least one environmental objective shall be reported in Section A.1 of this template.
For an activity to be reported in Section A.1 all DNSH criteria and minimum safeguards shall be met. For activities listed under A2, columns (5) to (17) may be filled in on a voluntary basis by non-financial undertakings. Non-financial undertakings may indicate the substantial contribution and DNSH criteria that they meet or do not meet in Section A.2 by using: (a) for substantial contribution – Y/N and N/EL codes instead of EL and N/EL; and (b) for DNSH – Y/N codes.
Template: Proportion of OpEx from products or services associated with Taxonomy-aligned economic activities – disclosure covering year N
| Financial year N | Year | Year | Year | Substantial contribution criteria | Substantial contribution criteria | Substantial contribution criteria | Substantial contribution criteria | Substantial contribution criteria | Substantial contribution criteria | *DNSH criteria (“Does Not Significantly Harm”)* [^E0390] | *DNSH criteria (“Does Not Significantly Harm”)* [^E0390] | *DNSH criteria (“Does Not Significantly Harm”)* [^E0390] | *DNSH criteria (“Does Not Significantly Harm”)* [^E0390] | *DNSH criteria (“Does Not Significantly Harm”)* [^E0390] | *DNSH criteria (“Does Not Significantly Harm”)* [^E0390] | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Economic Activities (1) | Code [^E0384] (2) | OpEx (3) | Proportion of OpEx, year N (4) | Climate Change Mitigation (5) | Climate Change Adaptation (6) | Water (7) | Pollution (8) | Circular Economy (9) | Biodiversity (10) | Climate Change Mitigation (11) | Climate Change Adaptation (12) | Water (13) | Pollution (14) | Circular Economy (15) | Biodiversity (16) | Minimum Safeguards (17) | Proportion of Taxonomy-aligned (A.1.) or -eligible (A.2.) OpEx, year N-1 (18) | Category enabling activity (19) | Category transitional activity (20) |
| Text | Currency | % | Y; N; N/EL [^E0385] [^E0386] | Y; N; N/EL [^E0385] [^E0386] | Y; N; N/EL [^E0385] [^E0386] | Y; N; N/EL [^E0385] [^E0386] | Y; N; N/EL [^E0385] [^E0386] | Y; N; N/EL [^E0385] [^E0386] | Y/N | Y/N | Y/N | Y/N | Y/N | Y/N | Y/N | % | E | T | |
| A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES | A. TAXONOMY-ELIGIBLE ACTIVITIES |
| A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) | A.1. Environmentally sustainable activities (Taxonomy-aligned) |
| Activity 1 | % | Y | Y | Y | Y | Y | Y | Y | % | ||||||||||
| Activity 1 [^E0387] | % | Y | Y | Y | Y | Y | Y | Y | % | E | |||||||||
| Activity 2 | % | Y | Y | Y | Y | Y | Y | Y | % | T | |||||||||
| OpEx of environmentally sustainable activities (Taxonomy-aligned) (A.1) | OpEx of environmentally sustainable activities (Taxonomy-aligned) (A.1) | % | % | % | % | % | % | % | Y | Y | Y | Y | Y | Y | Y | % | |||
| Of which enabling | Of which enabling | % | % | % | % | % | % | % | Y | Y | Y | Y | Y | Y | Y | % | E | ||
| Of which transitional | Of which transitional | % | % | Y | Y | Y | Y | Y | Y | Y | % | T | |||||||
| A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] | A.2. Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) [^E0390] |
| EL; N/EL [^E0389] | EL; N/EL [^E0389] | EL; N/EL [^E0389] | EL; N/EL [^E0389] | EL; N/EL [^E0389] | EL; N/EL [^E0389] | ||||||||||||||
| Activity 1 [^E0388] | % | % | |||||||||||||||||
| OpEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2) | OpEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2) | % | % | % | % | % | % | % | % | ||||||||||
| A. OpEx of Taxonomy eligible activities (A.1+A.2) | A. OpEx of Taxonomy eligible activities (A.1+A.2) | % | % | % | % | % | % | % | |||||||||||
| B. TAXONOMY-NON-ELIGIBLE ACTIVITIES | B. TAXONOMY-NON-ELIGIBLE ACTIVITIES | B. TAXONOMY-NON-ELIGIBLE ACTIVITIES | B. TAXONOMY-NON-ELIGIBLE ACTIVITIES | ||||||||||||||||
| OpEx of Taxonomy-non-eligible activities | OpEx of Taxonomy-non-eligible activities | % | |||||||||||||||||
| TOTAL | TOTAL | 100 % |
The Code constitutes the abbreviation of the relevant objective to which the economic activity is eligible to make a substantial contribution, as well as the section number of the activity in the relevant Annex covering the objective, i.e.: — Climate Change Mitigation: CCM — Climate Change Adaptation: CCA — Water and Marine Resources: WTR — Circular Economy: CE — Pollution Prevention and Control: PPC — Biodiversity and ecosystems: BIO.
For example, the Activity “Afforestation” would have the Code: CCM 1.1.
Where activities are eligible to make a substantial contribution to more than one objective, the codes for all objectives should be indicated.
For example, if the operator reports that the activity “Construction of new buildings” makes a substantial contribution to climate change mitigation and circular economy, the code would be: CCM 7.1. / CE 3.1.
The same codes should be used in Sections A.1 and A2 of this template.
Y – Yes, Taxonomy-eligible and Taxonomy-aligned activity with the relevant environmental objective
N – No, Taxonomy-eligible but not Taxonomy-aligned activity with the relevant environmental objective
N/EL – not eligible, Taxonomy-non-eligible activity for the relevant environmental objective.
Where an economic activity contributes substantially to multiple environmental objectives, non-financial undertakings shall indicate, in bold, the most relevant environmental objective for the purpose of computing the KPIs of financial undertakings while avoiding double counting. In their respective KPIs, where the use of proceeds from the financing is not known, financial undertakings shall compute the financing of economic activities contributing to multiple environmental objectives under the most relevant environmental objective that is reported in bold in this template by non-financial undertakings. An environmental objective may only be reported in bold once in one row to avoid double counting of economic activities in the KPIs of financial undertakings. This shall not apply to the computation of Taxonomy-alignment of economic activities for financial products defined in point (12) of Article 2 of Regulation (EU) 2019/2088. Non-financial undertakings shall also report the extent of eligibility and alignment per environmental objective, that includes alignment with each of environmental objectives for activities contributing substantially to several objectives, by using the template below:
Image omitted; see official source
The same activity may align with only one or more environmental objectives for which it is eligible.
The same activity may be eligible and not aligned with the relevant environmental objectives.
EL – Taxonomy-eligible activity for the relevant objective
N/EL – Taxonomy-non-eligible activity for the relevant objective.
Activities shall be reported in Section A.2 of this template only if they are not aligning to any environmental objective for which they are eligible. Activities that align to at least one environmental objective shall be reported in Section A.1 of this template.
For an activity to be reported in Section A.1 all DNSH criteria and minimum safeguards shall be met. For activities listed under A2, columns (5) to (17) may be filled in on a voluntary basis by non-financial undertakings. Non-financial undertakings may indicate the substantial contribution and DNSH criteria that they meet or do not meet in Section A.2 by using: (a) for substantial contribution – Y/N and N/EL codes instead of EL and N/EL; and (b) for DNSH – Y/N codes.
- (3)In Annex III, Section 1.1, the following fourth paragraph is added:
‘By way of derogation from the first subparagraph of this Section, investments in real estate shall be included in the numerator to the extent and in the proportion in which they finance Taxonomy-aligned economic activities.’;
- (4)Annex IV is amended as follows:
- (a) in section ‘Breakdown of the numerator of the KPI per environmental objective’ the words ‘Transitional activities: A % (Turnover; CapEx)’ are deleted from lines (2) to (6);
- (b) the eighth row is replaced by the following: ‘The proportion of exposures to other counterparties and assets over total assets covered by the KPI: X % Value of exposures to other counterparties and assets: [monetary amount]’
- (c) the thirteenth row is replaced by the following: ‘The proportion of Taxonomy-aligned exposures to other counterparties and assets over total assets covered by the KPI: Turnover-based: % Capital expenditures-based: % Value of Taxonomy-aligned exposures to other counterparties and assets: Turnover-based: [monetary amount] Capital expenditures-based: [monetary amount]’
- (5)Annex V is amended as follows:
- (a) in Section 1.1.2, the third paragraph is replaced by the following: ‘The following assets shall be excluded from the numerator of the GAR:
- (a) financial assets held for trading;
- (b) on-demand interbank loans;
- (c) exposures to undertakings that are not obliged to publish non-financial information pursuant to Article 19a or 29a of Directive 2013/34/EU;
- (d) derivatives;
- (e) cash and cash-related assets;
- (f) other categories of assets (such as goodwill, commodities, etc.).’;
- (b) in Section 1.2.1, the fifth paragraph is replaced by the following: ‘In addition to GAR, credit institutions shall disclose the percentage of their total assets that are excluded from the numerator of the GAR in accordance with Article 7(2) and (3) of this Regulation and point 1.1.2 of this Annex.’;
- (c) in Section 1.2.1.1, in the first paragraph, the table is replaced with the following table: ‘Environmental objectives First step Second step Green asset ratio (GAR) Climate change mitigation (CCM) Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of climate change mitigation as compared to total loans to/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of climate change mitigation, compared to loans and advances/debt securities/equity instruments financing economic activities in sectors covered by the Taxonomy for the objective of climate change mitigation Of which: use of proceeds Of which: enabling activities Of which: transitional activities Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of climate change mitigation, compared to total loans and advances/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Of which: use of proceeds Of which: enabling activities Of which: transitional activities Stock and flow
Climate change adaptation (CCA) Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of climate change adaptation compared to total loans to/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of climate change adaptation compared to loans and advances/debt securities/equity instruments financing economic activities in sectors covered by the Taxonomy for the objective of climate change adaptation Of which: use of proceeds Of which: enabling activities Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of climate change adaptation compared to total loans and advances/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Of which: use of proceeds Of which: enabling activities Stock and flow
Water and marine resources (WTR) Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of sustainable use and protection of water and marine resources compared to total loans to/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of sustainable use and protection of water and marine resources compared to loans and advances/debt securities/equity instruments financing economic activities in sectors covered by the Taxonomy for the objective of sustainable use and protection of water and marine resources Of which: use of proceeds Of which: enabling activities Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of sustainable use and protection of water and marine resources compared to total loans and advances/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Of which: use of proceeds Of which: enabling activities Stock and flow
Circular economy (CE) Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of transition to a circular economy compared to total loans to/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of transition to a circular economy compared to loans and advances/debt securities/equity instruments financing economic activities in sectors covered by the Taxonomy for the objective of transition to a circular economy Of which: use of proceeds Of which: enabling activities Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of transition to a circular economy compared to total loans and advances/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Of which: use of proceeds Of which: enabling activities Stock and flow
Pollution (PPC) Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of pollution prevention control compared to total loans to/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of pollution prevention control compared to loans and advances/debt securities/equity instruments financing economic activities in sectors covered by the Taxonomy for the objective of pollution prevention control Of which: use of proceeds Of which: enabling activities Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of pollution prevention and control compared to total loans and advances/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Of which: use of proceeds Of which: enabling activities Stock and flow
Biodiversity and Ecosystems (BIO) Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of protection and restoration of biodiversity and ecosystems compared to total loans to/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of protection and restoration of biodiversity and ecosystems compared to loans and advances/debt securities/equity instruments financing economic activities in sectors covered by the Taxonomy for the objective of protection and restoration of biodiversity and ecosystems Of which: use of proceeds Of which: enabling activities Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-aligned economic activities for the objective of protection and restoration of biodiversity and ecosystems compared to total loans and advances/debt securities/equity instruments of non-financial undertakings and all other covered on-balance sheet assets Of which: use of proceeds Of which: enabling activities Stock and flow’
- (d) in Section 1.2.1.1, the heading of point (i) is replaced by the following:
- ‘(i) GAR for lending activities to non-financial undertakings (loans and advances – GAR L&A)’;
- (e) in Section 1.2.1.1., point (i), the second paragraph is replaced by the following:
‘The amount for the purpose of (1)(c) shall be calculated by using the following formula 1(c) = (1)(c)(1) + (1)(c)(2) where: (1)(c)(1) represents loans and advances where the use of proceeds is known, including specialised lending as referred to in Article 147(8) of Regulation (EU) No 575/2013; (1)(c)(2) represents loans and advances where the use of proceeds is unknown (general loans).’;
- (f) in Section 1.2.1.1, point (i), the third paragraph is replaced by the following: ‘For the purposes of point (1)(c)(1), credit institutions shall consider the gross carrying amount of the exposures where the use of proceeds is known, including specialised lending exposures, to the non-financial undertaking to the extent and proportion that they finance a Taxonomy-aligned economic activity. The assessment of whether that requirement has been met shall be based on information provided by the counterparty on the project or activities to which the proceeds will be applied. Credit institutions shall provide information on the type of economic activity that is financed. Double counting shall not be allowed. Where the same specialised lending exposure is relevant for two environmental objectives, credit institutions shall allocate it to the most relevant objective.’;
- (g) in Section 1.2.1.1, the sixth paragraph of point (i) is replaced by the following:
‘ GAR L&A (for each environmental objective) = (1)(c)/(1)(a). Credit institutions shall disclose the GAR based on CapEx and turnover KPIs and separately the part of the KPI that refers to enabling and transitional activities, where relevant.’;
- (h) in Section 1.2.1.1, point (ii), the third paragraph is replaced by the following: ‘For the purposes of point 2(c)(1), credit institutions shall consider the following: (2)(c)(1)(a) the total gross carrying amount of exposures to environmentally sustainable bonds issued in accordance with Union legislation. Current bond issuances qualified as green bonds by issuers whose use of proceeds have to be invested in Taxonomy-eligible economic activities shall be assessed depending on the level of Taxonomy-alignment of economic activities in accordance with Regulation (EU) 2020/852 or of projects financed, based on specific information provided by the issuer for an issuance. Credit institutions shall provide transparency on the kind of economic activity that is being financed. Double counting is not allowed. Where the same green bond can be relevant for two environmental objectives, credit institutions shall allocate it to the most relevant objective. (2)(c)(1)(b) the gross carrying amount of debt securities invested in exposures where the use of proceeds is known, including specialised lending exposures, to the extent that the activities financed are Taxonomy-aligned economic activities. The assessment shall be based on specific information provided by the issuer for that issuance. Double counting is not allowed. Where the same specialised lending exposure can be relevant for two environmental objectives, credit institutions shall allocate it to the most relevant objective. Credit institutions shall provide transparency on the type of economic activity that is financed.’;
- (i) in Section 1.2.1.2, the second, third and fourth paragraphs are replaced by the following: ‘This GAR shall contain disclosures for all the environmental objectives, with a breakdown for enabling activities. For the climate change mitigation, the GAR shall also contain disclosures of transitional activities. Credit institutions shall also provide disclosures of stock and flow. For exposures where the use of proceeds is known, credit institutions shall consider, for the numerator of the GAR for financial undertakings, the gross carrying amount of loans and advances and debt securities of relevant accounting portfolios to financial undertakings to the extent and proportion in which those exposures finance Taxonomy-aligned economic activities. The assessment of whether that requirement has been met shall be based on information provided by the counterparty. Double counting shall not be allowed. Where the same exposure is relevant for two environmental objectives, credit institutions shall allocate it to the most relevant objective. For exposures where the use of proceeds is not known, the numerator of the GAR for financial undertakings shall be calculated based on the counterparties’ KPIs calculated under this Regulation. The amount of loans and advances, debt securities and equity holdings of relevant accounting portfolios to financial undertakings to be considered in the numerator of the ratio shall be the sum of their gross carrying amount, weighted by the proportion of Taxonomy-aligned economic activities with breakdown for all the environmental objectives and enabling activities for each counterparty. For the climate change mitigation objective, the breakdown shall also contain transitional activities for each counterparty. Where the counterparty is another credit institution as defined in Article 4(1), point (1), of Regulation (EU) No 575/2013, and, only for this purpose, a multilateral development bank referred to in Article 117(1), second subparagraph, or Article 117(2) of that Regulation, the turnover-based and CapEx based KPIs used shall be the gross carrying amount of debt securities, loans and advances and equity instruments of relevant accounting portfolios weighted by the “Total GAR of the counterparty”, that is gross carrying amount multiplied by “Total GAR” of the counterparty.’;
- (j) in Section 1.2.1.3, the first paragraph is replaced by the following: ‘GAR for retail exposures to residential real estate or house renovation loans shall be calculated as a proportion of loans to households collateralised by residential immovable property or granted for house renovation purposes that is Taxonomy-aligned in accordance with the relevant technical screening criteria for buildings, in particular renovation and acquisition and ownership in accordance with Sections 7.1, 7.2, 7.3, 7.4, 7.5, 7.6, and 7.7 respectively of Annex I or Annex II to Delegated Regulation (EU) 2021/2139 or Sections 3.1 and 3.2 of Annex II to Delegated Regulation (EU) 2023/2486, compared to total loans to households collateralised by residential immovable property or granted for house renovation purposes. This GAR shall include disclosures of transitional activities, and disclosures of stock and flow.’;
- (k) in Section 1.2.1.3, in point (i) the first and second paragraphs are replaced by the following: ‘ “Credit institutions” KPI disclosure shall cover the retail lending portfolio, in particular the mortgage lending portfolio. This KPI shall be disclosed by taking into account compliance with the technical screening criteria for buildings as laid down in Sections 7.1, 7.2, 7.3, 7.4, 7.5, 7.6 and 7.7 of Annex I or Annex II to Delegated Regulation (EU) 2021/2139 or Sections 3.1 and 3.2 of Annex II to Delegated Regulation (EU) 2023/2486. Credit institutions shall disclose the KPI for their residential real estate lending portfolio as a proportion of loans to households collateralised by residential immovable property contributing to the relevant environmental objectives as laid down, in particular, in Sections 7.1, 7.2, 7.3, 7.4, 7.5, 7.6 and 7.7 of Annex I or Annex II to Delegated Regulation (EU) 2021/2139 or Sections 3.1 and 3.2 of Annex II to Delegated Regulation (EU) 2023/2486, compared to total loans to households collateralised by residential immovable property.’;
- (l) in Section 1.2.1.3, in point (i) the fifth paragraph is replaced by the following: ‘In the numerator of the ratio credit institutions shall also consider those loans granted for the renovation of a building or of a house in accordance with the relevant technical screening criteria for buildings, in particular, in accordance with Sections 7.1, 7.2, 7.3, 7.4, 7.5 and 7.6 of Annex I or Annex II to Delegated Regulation (EU) 2021/2139 or Sections 3.1 and 3.2 of Annex II to Delegated Regulation (EU) 2023/2486.’;
- (m) in Section 1.2.1.4, the first paragraph is replaced by the following: ‘Where credit institutions have a business model based to a great extent on financing public housing, they shall disclose a KPI concerning the proportion of exposures to public authorities financing activities in compliance with the relevant technical screening criteria, in particular, in accordance with Sections 7.1, 7.2, 7.3, 7.4, 7.5, 7.6 and 7.7 of Annex I or Annex II to Delegated Regulation (EU) 2021/2139 or Sections 3.1 and 3.2 of Annex II to Delegated Regulation (EU) 2023/2486. This GAR shall be estimated and disclosed by the credit institution as a proportion of loan or debt securities exposures to municipalities financing public housing compliant with the relevant technical screening criteria, in particular, in accordance with Sections 7.1, 7.2, 7.3, 7.4, 7.5, 7.6 and 7.7 of Annex I or Annex II to Delegated Regulation (EU) 2021/2139 or Sections 3.1 and 3.2 of Annex II to Delegated Regulation (EU) 2023/2486 compared to total loans to municipalities financing public housing. The credit institution shall include disclosures of stock and flow.’;
- (n) in Section 1.2.1.4, the third paragraph is replaced by the following:
‘For the financing of other activities and assets than public housing where the use of proceeds is known, credit institutions shall consider the gross carrying amount of those exposures, including specialised lending exposures, to the public authority to the extent and proportion that the lending finances a Taxonomy-aligned economic activity. The assessment of whether that requirement has been met shall be based on information provided by the public authority on the project or activities to which the proceeds will be applied. Credit institutions shall provide information on the type of economic activity that is funded. Double counting shall not be allowed. Where the same specialised lending exposure is relevant for two environmental objectives, credit institutions shall allocate it to the most relevant objective.’;
- (o) Section 1.2.1.6. is replaced by the following: ‘1.2.1.6. Total GAR Credit institutions shall disclose information on the total GAR. This shall reflect the cumulative value of the exposure-based KPIs, by including in the denominator the total on-balance sheet assets without exposures referred to in Article 7(1) and by adding in the total numerator the numerators of environmentally sustainable exposures of the exposure-based KPIs:
- (a) total GAR for financing activities directed at financial undertakings, for all the environmental objectives;
- (b) total GAR for financing activities directed at non-financial undertakings, for all the environmental objectives;
- (c) GAR for residential real estate exposures, including house renovation loans, for the objectives of climate change mitigation, climate change adaptation, and circular economy;
- (d) GAR for retail car loans, for the objective of climate change mitigation;
- (e) GAR for use of proceeds financing local governments, for all the environmental objectives;
- (f) GAR for commercial and residential repossessed real estate collateral held for sale, for climate change objectives. Together with the total GAR, credit institutions shall disclose the percentage of assets that are excluded from the numerator of the GAR in accordance with Article 7 (2) and (3) and Section 1.1.2 of this Annex.’;
- (p) in Section 1.2.2.1, the first paragraph is replaced by the following: ‘The green ratio for financial guarantees to undertakings shall be defined as a proportion of financial guarantees supporting loans and advances and debt securities financing Taxonomy-aligned economic activities compared to all financial guarantees supporting loans and advances and debt securities to undertakings. This shall include disclosures of stock and flow, for all the environmental objectives. For climate change mitigation, this shall also include disclosures of which are enabling and transitional activities. For other environmental objectives, this shall include disclosures of which are enabling activities.’;
- (q) in Section 1.2.2.2, the first paragraph is replaced by the following: ‘The green ratio for assets under management shall be the proportion of assets under management (equity, debt instruments and real estate) from undertakings financing Taxonomy-aligned economic activities, compared to total assets under management (equity, debt instruments and other assets). This shall include disclosures of stock and flow, for all the environmental objectives. For climate change mitigation, this shall also include disclosures of which are enabling and transitional activities. For other environmental objectives, this shall include disclosures of which are enabling activities.’;
- (r) in Section 1.2.3, second and third paragraphs, the words ‘Implementing Regulation (EU) 680/2014’ are replaced by the words ‘Implementing Regulation (EU) 2021/451’;
- (s) in Annex V, the words ‘equity holdings’ are replaced by the words ‘equity instruments’;
- (6)in Annex VII, Section 2.4, the following paragraph is inserted after the fifth paragraph:
‘By way of derogation from the second and third subparagraph of this point 2.4, investments in real estate shall be included in the numerator to the extent and proportion in which they finance Taxonomy-aligned economic activities.’;
- (7)in Annex IX, the sixth paragraph of point 1 is replaced by the following paragraph:
‘By way of derogation from the first and fifth paragraph of this point 1, debt securities with the purpose of financing specific identified activities or projects or environmentally sustainable bonds issued by an investee undertaking shall be included in the numerator up to the value of Taxonomy-aligned economic activities that the proceeds of those bonds and debt securities finance, on the basis of information provided by the investee undertaking.’;
- (8)in Annex IX, the following paragraph is added at the end of point 1:
‘By way of derogation from the first and fifth paragraphs of this point 1, investments in real estate shall be included in the numerator to the extent and proportion in which they finance Taxonomy-aligned economic activities.’;
- (9)in Annex IX, the first paragraph of Section 2 is replaced by the following:
‘Insurance and reinsurance undertakings other than life insurance undertakings shall calculate the KPI related to underwriting activities and present the “gross premiums written” non-life insurance revenue or, as applicable, reinsurance revenue corresponding to Taxonomy-aligned insurance or reinsurance activities in accordance with points 10.1 and 10.2 of Annex II to Climate Delegated Act. The KPI shall be depicted in percentage terms relative to, as applicable, one of the following:
- (a) total non-life insurance gross premiums written;
- (b) total non-life reinsurance gross premiums written;
- (c) total non-life insurance revenue;
- (d) total non-life reinsurance revenue.’;
- (10)in Annex X, the first template is replaced by the following template:
ANNEX X
TEMPLATES FOR KPIs OF INSURANCE AND REINSURANCE UNDERTAKINGS
Template: The underwriting KPI for non-life insurance and reinsurance undertakings
| | Substantial contribution to climate change adaptation | Substantial contribution to climate change adaptation | Substantial contribution to climate change adaptation | DNSH (Do No Significant Harm) | DNSH (Do No Significant Harm) | DNSH (Do No Significant Harm) | DNSH (Do No Significant Harm) | DNSH (Do No Significant Harm) | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Economic activities (1) | Absolute premiums, year t (2) | Proportion of premiums, year t (3) | Proportion of premiums, year t-1 (4) | Climate change mitigation (5) | Water and marine resources (6) | Circular economy (7) | Pollution (8) | Biodiversity and ecosystems (9) | Minimum safeguards (10) | | | Currency | % | % | Y/N | Y/N | Y/N | Y/N | Y/N | Y/N | | A.1. Non-life insurance and reinsurance underwriting Taxonomy-aligned activities (environmentally sustainable) | | | | | | | | | | | A.1.1. Of which reinsured | | | | | | | | | | | A.1.2. Of which stemming from reinsurance activity | | | | | | | | | | | A.1.2.1. Of which reinsured (retrocession) | | | | | | | | | | | A.2. Non-life insurance and reinsurance underwriting Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) | | | | | | | | | | | B. Non-life insurance and reinsurance underwriting Taxonomy-non-eligible activities | | | | | | | | | | | Total (A.1 + A.2 +B) | | 100 % | 100 % | | | | | | | | “Premiums” in columns (2) and (3) shall be reported as gross premiums written or, as applicable, turnover relating to non-life insurance or reinsurance activity. The information in column (4) shall be reported in disclosures in the year 2024 and thereafter. Non-life insurance and reinsurance can only be aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. | “Premiums” in columns (2) and (3) shall be reported as gross premiums written or, as applicable, turnover relating to non-life insurance or reinsurance activity. The information in column (4) shall be reported in disclosures in the year 2024 and thereafter. Non-life insurance and reinsurance can only be aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. | “Premiums” in columns (2) and (3) shall be reported as gross premiums written or, as applicable, turnover relating to non-life insurance or reinsurance activity. The information in column (4) shall be reported in disclosures in the year 2024 and thereafter. Non-life insurance and reinsurance can only be aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. | “Premiums” in columns (2) and (3) shall be reported as gross premiums written or, as applicable, turnover relating to non-life insurance or reinsurance activity. The information in column (4) shall be reported in disclosures in the year 2024 and thereafter. Non-life insurance and reinsurance can only be aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. | “Premiums” in columns (2) and (3) shall be reported as gross premiums written or, as applicable, turnover relating to non-life insurance or reinsurance activity. The information in column (4) shall be reported in disclosures in the year 2024 and thereafter. Non-life insurance and reinsurance can only be aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. | “Premiums” in columns (2) and (3) shall be reported as gross premiums written or, as applicable, turnover relating to non-life insurance or reinsurance activity. The information in column (4) shall be reported in disclosures in the year 2024 and thereafter. Non-life insurance and reinsurance can only be aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. | “Premiums” in columns (2) and (3) shall be reported as gross premiums written or, as applicable, turnover relating to non-life insurance or reinsurance activity. The information in column (4) shall be reported in disclosures in the year 2024 and thereafter. Non-life insurance and reinsurance can only be aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. | “Premiums” in columns (2) and (3) shall be reported as gross premiums written or, as applicable, turnover relating to non-life insurance or reinsurance activity. The information in column (4) shall be reported in disclosures in the year 2024 and thereafter. Non-life insurance and reinsurance can only be aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. | “Premiums” in columns (2) and (3) shall be reported as gross premiums written or, as applicable, turnover relating to non-life insurance or reinsurance activity. The information in column (4) shall be reported in disclosures in the year 2024 and thereafter. Non-life insurance and reinsurance can only be aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. | “Premiums” in columns (2) and (3) shall be reported as gross premiums written or, as applicable, turnover relating to non-life insurance or reinsurance activity. The information in column (4) shall be reported in disclosures in the year 2024 and thereafter. Non-life insurance and reinsurance can only be aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. |
- (11)in Annex X, in the second template, in the Section ‘Breakdown of the numerator of the KPI per environmental objective’ the words ‘Transitional activities: A % (Turnover; CapEx)’ are deleted from lines (2) to (6);
- (12)in Annex X, in the second template, the eighth row is replaced by the following:
| ‘The proportion of exposures to other counterparties and assets over total assets covered by the KPI: X % | Value of exposures to other counterparties and assets: [monetary amount]’ |
- (13)in Annex X in the second template, the fifteenth row is replaced by the following:
| | |
| --- | --- | | ‘The proportion of Taxonomy-aligned exposures to other counterparties and assets over total assets covered by the KPI: Turnover-based: % Capital expenditures-based: % | Value of Taxonomy-aligned exposures to other counterparties and assets over total assets covered by the KPI: Turnover-based: [monetary amount] Capital expenditures-based: [monetary amount]’ |
ANNEX VI
‘ANNEX VI
Template for the KPIs of credit institutions
Template number Name 0 Summary of KPIs 1 Assets for the calculation of GAR 2 GAR sector information 3 GAR KPI stock 4 GAR KPI flow 5 KPI off-balance-sheet exposures 6 KPI on fees and commissions income from services other than lending and asset management 7 KPI Trading book portfolio
- Summary of KPIs to be disclosed by credit institutions under Article 8 Taxonomy Regulation
Total environmentally sustainable assets KPI [^E0395] KPI [^E0396] % coverage (over total assets) [^E0394] % of assets excluded from the numerator of the GAR (Article 7(2) and (3) and Section 1.1.2 of Annex V) % of assets excluded from the denominator of the GAR (Article 7(1) and Section 1.2.4 of Annex V) Main KPI Green asset ratio (GAR) stock Total environmentally sustainable activities KPI KPI % coverage (over total assets) % of assets excluded from the numerator of the GAR (Article 7(2) and (3) and Section 1.1.2 of Annex V) % of assets excluded from the denominator of the GAR (Article 7(1) and Section 1.2.4 of Annex V) Additional KPIs GAR (flow) Trading book [^E0392] Financial guarantees Assets under management Fees and commissions income [^E0393] Note 1: Across the reporting templates: cells shaded in black should not be reported. Note 2: Fees and Commissions (sheet 6) and Trading Book (sheet 7) KPIs shall only apply starting 2026. SMEs’ inclusion in these KPI will only apply subject to a positive result of an impact assessment. Note 1: Across the reporting templates: cells shaded in black should not be reported. Note 2: Fees and Commissions (sheet 6) and Trading Book (sheet 7) KPIs shall only apply starting 2026. SMEs’ inclusion in these KPI will only apply subject to a positive result of an impact assessment. Note 1: Across the reporting templates: cells shaded in black should not be reported. Note 2: Fees and Commissions (sheet 6) and Trading Book (sheet 7) KPIs shall only apply starting 2026. SMEs’ inclusion in these KPI will only apply subject to a positive result of an impact assessment. Note 1: Across the reporting templates: cells shaded in black should not be reported. Note 2: Fees and Commissions (sheet 6) and Trading Book (sheet 7) KPIs shall only apply starting 2026. SMEs’ inclusion in these KPI will only apply subject to a positive result of an impact assessment. Note 1: Across the reporting templates: cells shaded in black should not be reported. Note 2: Fees and Commissions (sheet 6) and Trading Book (sheet 7) KPIs shall only apply starting 2026. SMEs’ inclusion in these KPI will only apply subject to a positive result of an impact assessment. Note 1: Across the reporting templates: cells shaded in black should not be reported. Note 2: Fees and Commissions (sheet 6) and Trading Book (sheet 7) KPIs shall only apply starting 2026. SMEs’ inclusion in these KPI will only apply subject to a positive result of an impact assessment. Note 1: Across the reporting templates: cells shaded in black should not be reported. Note 2: Fees and Commissions (sheet 6) and Trading Book (sheet 7) KPIs shall only apply starting 2026. SMEs’ inclusion in these KPI will only apply subject to a positive result of an impact assessment. Note 1: Across the reporting templates: cells shaded in black should not be reported. Note 2: Fees and Commissions (sheet 6) and Trading Book (sheet 7) KPIs shall only apply starting 2026. SMEs’ inclusion in these KPI will only apply subject to a positive result of an impact assessment.
[^E0392]: (*1)
For credit institutions that do not meet the conditions of Article 94(1) of the CRR or the conditions set out in Article 325a(1) of the CRR.
Fees and commissions income from services other than lending and AuM.
Instutitons shall disclose forward-looking information for these KPIs, including information in terms of targets, together with relevant explanations on the methodology applied.
% of assets covered by the KPI over banks’ total assets.
Based on the Turnover KPI of the counterparty.
Based on the CapEx KPI of the counterparty, except for lending activities where for general lending Turnover KPI is used.
1. Assets for the calculation of GAR
Image omitted; see official source
Image omitted; see official source
GAR sector information
Image omitted; see official source
GAR KPI stock
| 1. Institution shall dislcose in this template the GAR KPIs on stock of loans calculated based on the data disclosed in template 1, on covered assets, and by applying the formulas proposed in this template |
| 2. Information on the GAR (green asset ratio of ‘eligible’ activities) shall be accompanied with information on the proportion of total assets covered by the GAR |
| 3. Credit institutions can, in addition to the information included in this template, show the proportion of assets funding taxonomy relevant sectors that are environmentally sustainable (Taxonomy-aligned). This information would enrich the information on the KPI on environmentally sustainable assets compared to total covered assets |
| 4. Credit institutions shall duplicate this template for revenue-based and CapEx-based disclosures |
Image omitted; see official source
Image omitted; see official source
GAR KPI flow
Image omitted; see official source
KPI off-balance-sheet exposures
Image omitted; see official source
KPI on fees and commissions income from services other than lending and asset management
Image omitted; see official source
Image omitted; see official source
KPI Trading book portfolio
Image omitted; see official source
Image omitted; see official source ’
ANNEX VII
‘ANNEX VIII
Template for KPIs of investment firms
| Template number | Name |
| --- | --- | | 0 | Summary of KPIs to be disclosed by investment firms under Article 8 Taxonomy Regulation | | 1 | KPI IF – Dealing on own account services | | 2 | KPI IF – Other services |
Summary of KPIs to be disclosed by investment firms under Article 8 Taxonomy Regulation
| Total environmentally sustainable assets | KPI [^E0399] | KPI [^E0400] | % coverage (over total assets) [^E0398] | ||
| Main KPI (for dealing on own account) | Green asset ratio | ||||
| Total revenue from environmentally sustainable services and activities | KPI | KPI | % coverage (over total revenue) | ||
| Main KPI (for services and activities other than dealing on own account) | KPI on Revenue [^E0397] |
Fees, commissions and other monetary benefits.
% of assets covered by the KPI over total assets.
Based on the Turnover KPI of the counterparty.
Based on the CapEx KPI of the counterparty.
KPI IF – Dealing on own account services
Image omitted; see official source
KPI IF – Other services
Image omitted; see official source ’
[^E0010]: As defined in the document JRC Publications Repository – Best Environmental Management Practice for the Public Administration Sector (europa.eu).
[^E0013]: Managed aquifer recharge is ‘the process of intentionally recharging an aquifer with water from a different place for subsequent recovery or for environmental benefits’.
[^E0021]: ‘IT or OT data-driven solutions’ include connectable products, sensors, analytics and other software, and information and communication technologies (ICT) for the transmission, storage and display of data and system management.
[^E0026]: Future scenarios include Intergovernmental Panel on Climate Change representative concentration pathways RCP2.6, RCP4.5, RCP6.0 and RCP8.5.
[^E0027]: Assessment Reports on Climate Change: Impacts, Adaptation and Vulnerability, published periodically by the Intergovernmental Panel on Climate Change (IPCC), the United Nations body for assessing the science related to climate change produces, https://www.ipcc.ch/reports/.
[^E0028]: Such as Copernicus services managed by the European Commission.
[^E0029]: Nature-based solutions are defined as ‘solutions that are inspired and supported by nature, which are cost-effective, simultaneously provide environmental, social and economic benefits and help build resilience. Such solutions bring more, and more diverse, nature and natural features and processes into cities, landscapes and seascapes, through locally adapted, resource-efficient and systemic interventions’. Therefore, nature-based solutions benefit biodiversity and support the delivery of a range of ecosystem services (version of 27.6.2023: https://ec.europa.eu/research/environment/index.cfm?pg=nbs).
[^E0030]: See Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions: Green Infrastructure (GI) – Enhancing Europe’s Natural Capital (COM(2013) 249 final).
[^E0031]: The list of climate-related hazards in this table is non-exhaustive, and constitutes only an indicative list of most widespread hazards that are to be taken into account as a minimum in the climate risk and vulnerability assessment.
[^E0036]: The procedure through which the competent authority determines whether projects listed in Annex II to Directive 2011/92/EU is to be made subject to an environmental impact assessment (as referred to in Article 4(2) of that Directive).
[^E0037]: For activities in third countries, in accordance with equivalent applicable national law or international standards requiring the completion of an EIA or screening, for example, IFC Performance Standard 1: Assessment and Management of Environmental and Social Risks.
[^E0038]: In accordance with Directive 2009/147/EC of the European Parliament and of the Council of 30 November 2009 on the conservation of wild birds (OJ L 20, 26.1.2010, p. 7) and Council Directive 92/43/EEC of 21 May 1992 on the conservation of natural habitats and of wild fauna and flora (OJ L 206, 22.7.1992, p. 7). For activities located in third countries, in accordance with equivalent applicable national law or international standards, that aim at the conservation of natural habitats, wild fauna and wild flora, and that require to carry out (1) a screening procedure to determine whether, for a given activity, an appropriate assessment of the possible impacts on protected habitats and species is needed; (2) such an appropriate assessment where the screening determines that it is needed, for example IFC Performance Standard 6: Biodiversity Conservation and Sustainable Management of Living Natural Resources.
[^E0039]: Those measures have been identified to ensure that the project, plan or activity will not have any significant effects on the conservation objectives of the protected area.
[^E0060]: ‘Portable battery’ means any battery that is sealed and weighs less than or equal to 5 kg and it is not designed for industrial purposes. Portable battery is neither an electric vehicle battery nor an automotive battery.
[^E0080]: ‘Reclaimed water’ means urban waste water that has been treated in compliance with the requirements set out in Directive 91/271/EEC and which results from further treatment in a reclamation plant.
[^E0081]: ‘Grey water’ means untreated waste water that has not been contaminated by any toilet discharge. Grey water includes waste water from bathtubs, showers, bathroom sinks, clothes washing machines and laundry sinks.
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