(Graphic currently only in Danish)
The EU Taxonomy for Sustainable Activities is a green classification system that translates six key European climate and environmental objectives into clear criteria for specific economic activities, primarily for investment purposes.
It establishes a common language for defining climate and environmentally sustainable activities, helping to ensure that future investments increasingly support the green transition.
In short, eligible activities must contribute to the overarching goal of achieving net-zero emissions by 2050.
To be considered environmentally sustainable, an economic activity must meet all of the following criteria:
Not all companies are subject to the requirements from the beginning. However, more companies will be included progressively and will therefore be obliged to follow the guidelines over time.
The timeline for inclusion is as follows:
This phased timeline reflects changes introduced in the European Commission’s Omnibus Proposal.
Sustainable finance refers to the integration of environmental, social, and governance (ESG) considerations into investment decisions across companies and the financial sector.
Achieving this requires a shared understanding of what qualifies as sustainable — and the EU Taxonomy for Sustainable Activities plays a key role in providing that clarity.
For companies subject to the EU Taxonomy, reporting obligations will apply, and in the future, these disclosures will be included in the management report as part of the sustainability reporting requirements.
However, a much broader group of companies can also benefit from using the taxonomy strategically — as a guide for improving market access, attracting capital, and identifying opportunities that support a greener business direction.
(Graphic currently only in Danish)
In June 2021, the criteria for the first two environmental objectives — Climate Change Mitigation and Climate Change Adaptation — were adopted. Large companies operating in sectors covered by the EU Taxonomy are already required to report on these.
In late July 2023, the criteria for the remaining four environmental objectives were finally adopted.
In the podcast series Do No Significant Harm, we share both experiences and concerns. We speak with our own experts and seek inspiration beyond our office walls — always with the goal of making ourselves, and you, a little wiser.
The EU taxonomy is a green classification system that creates a common language around climate and environmentally sustainable activities. The taxonomy helps ensure that investments support the EU's green transition goals.
