ESA Joint Committee · sfdr-93 Final

An economic activity qualifies as environmentally sustainable where it contributes substantially to one or more of the six environmental objectives listed under Article 9 TR. During the period 1 Janua

Regulation
SFDR
Answered
2022-11-17
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

An economic activity qualifies as environmentally sustainable where it contributes substantially to one or more of the six environmental objectives listed under Article 9 TR. During the period 1 January 2022-31 December 2022 should the DNSH criteria be aligned to all six objectives or only to the first two (climate change mitigation and climate change adaptation)?

Answer

To be aligned to the EU Taxonomy, and therefore qualify as environmentally sustainable, an economic activity must meet all the criteria that have been defined for it and laid down in Annex I or Annex II of the Delegated Regulation 2021/2139, including all DNSH criteria. Furthermore, it must also fulfil the minimum safeguards set out in Article 18 of the Taxonomy Regulation.
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This Q&A is published by ESA Joint Committee (EBA, ESMA, EIOPA) and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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