On May 7, the European Commission (Commission) published its consultation on a draft Delegated Regulation expanding Article 8 of the Taxonomy Regulation ((EU) 2020/852) by specifying the disclosure obligations associated with environmentally sustainable economic activities relating to large corporations.

In the draft Delegated Regulation, the Commission suggests:

• specifying the content and presentation of information to be disclosed by non-financial undertakings, insurance and reinsurance undertakings, asset managers, credit institutions and investment firms; and

• outlining common rules relating to key performance indicators.

The consultation closes on June 2. The Delegated Regulation is set to be implemented from January 1, 2022.

The draft Delegated Regulation is available here.