The Platform’s main mandate under the Taxonomy Regulation is to advise the Commission on the development of the EU taxonomy, and in particular on the development of technical screening criteria (TSC) for the 6 environmental objectives as set out in the Taxonomy Regulation.
Draft report
On 3 August 2021, the Platform on Sustainable Finance published a draft report on preliminary recommendations for technical screening criteria for the EU taxonomy.
The draft report prepared by the dedicated Platform subgroup, the Technical Working Group (TWG), is an important step in the Platform’s main mandate under the Taxonomy Regulation
to advise the Commission on the development of the EU taxonomy, and in
particular on the development of technical screening criteria (TSC) for
the 6 environmental objectives as set out in the Taxonomy Regulation.
It is a working document by the Platform and contains preliminary
technical screening criteria that do not represent a final view of the
Platform.
It is neither an official Commission document nor an official
Commission position. Nothing in this document commits the Commission nor
does it preclude any policy outcomes.
The draft report focuses primarily on presenting a first set of
priority economic activities and draft recommendations for associated
substantial contribution and do no significant harm (DNSH) technical
screening criteria in relation to the 4 non-climate environmental
objectives covering water, circular economy, pollution prevention, and
biodiversity & ecosystems. However, a small number of economic
activities and corresponding draft recommendations for technical
screening criteria related to the climate mitigation and adaptation
objectives have also been included.
Based on the resources, workload and time available, the Platform TWG
addressed a first set of economic activities per environmental
objective in its first phase of the work. The proposed methodology for
the selection and prioritisation of the activities is explained in
detail in the draft TWG report.
It is important to note that an activity that is not included in this
first batch of activities for the remaining four environmental
objectives, for which the Platform will develop recommendations for
technical screening criteria, may still be addressed as part of a second
batch (Platform work starting after submission of the current batch of
criteria). It is likely that the recommendations for additional
activities and criteria included in that second batch would be addressed
in a later update of the delegated act by the Commission. Thus,
non-inclusion by the platform in the first batch of priority activities
does not imply that the activity will not be considered for inclusion in
the EU taxonomy.
Call for feedback
This call for feedback is part of ongoing work by the Platform on
sustainable finance, which was set up by the Commission to provide
advice on the further development of the EU taxonomy.
The purpose of this call for feedback by the Platform is to gather
further evidence and feedback on the proposed draft recommendations for
technical screening criteria. The draft criteria presented in
the report are working documents of the Platform and do not represent a
final view of the Platform. They are presented to gather
feedback and evidence from a wider set of stakeholders, to improve the
draft criteria and make them more robust and usable in view of the final
report to be presented to the European Commission in November 2021.
This feedback process is not an official Commission consultation. The
draft report produced by the Platform is not an official Commission
document. Nothing in this feedback process commits the Commission nor
does it preclude any policy outcomes.
The Platform will welcome stakeholder feedback through the present call for feedback, which runs from 3 August to 24 September 2021.
Call
for feedback document: Draft report by the Platform on Sustainable
Finance on preliminary recommendations for technical screening criteria
for the EU taxonomy
After considering the stakeholder input, the Platform will submit its report to the Commission in November 2021.
The Commission will analyse and consider the recommendations starting
in November 2021 in view of the preparations for a delegated act
containing activities and associated technical screening criteria for
the remaining four environmental objectives and a few additional
activities and according criteria for the climate objectives.
© European Commission
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