Commission Delegated Regulation (EU) 2026/73 of 4 July 2025 amending Delegated Regulation (EU) 2021/2178 as regards the simplification of the content and presentation of information to be disclosed concerning environmentally sustainable activities and Delegated Regulations (EU) 2021/2139 and (EU) 2023/2486 as regards simplification of certain technical screening criteria for determining whether economic activities cause no significant harm to environmental objectives
Amendments to Delegated Regulation (EU) 2021/2178
Delegated Regulation (EU) 2021/2178 is amended as follows:
(1)
in Article 2, the following paragraphs (1a) to (1d) are inserted:
‘1a. By way of derogation from paragraph 1, for the turnover KPI referred to in Section 1.1.1 of Annex I to this Regulation, non-financial undertakings may omit assessing whether some of their economic activities are taxonomy-eligible or taxonomy-aligned where the cumulative turnover resulting from those economic activities is below 10 % of the denominator of that turnover KPI referred to in Section 1.1.1, first paragraph of Annex I to this Regulation.
1b. By way of derogation from paragraph 1, for the CapEx KPI referred to in Section 1.1.2 of Annex I to this Regulation, non-financial undertakings may omit assessing whether some of their economic activities are taxonomy-eligible or taxonomy-aligned where the cumulative capital expenditure related to those economic activities is below 10 % of the denominator of the CapEx KPI referred to in Section 1.1.2.1 of Annex I to this Regulation.
1c. By way of derogation from paragraph 1, for the OpEx KPI referred to in Section 1.1.3 of Annex I to this Regulation, where the operational expenditure is not material for the business model of non-financial undertakings, those undertakings may omit assessing whether operational expenditure related to all their economic activities is taxonomy-eligible or taxonomy-aligned, provided that they:
(a)
disclose the total value of the OpEx KPI denominator referred to in Section 1.1.3.1 of Annex I to this Regulation;
(b)
explain why the operational expenditure is not material for their business model.
Where the operational expenditure is in principle material for the business model of non-financial undertakings, those non-financial undertakings may omit assessing whether some of their economic activities are taxonomy-eligible or taxonomy-aligned where the cumulative operational expenditure related to those activities is below 10 % of the denominator of the OpEx KPI referred to in Section 1.1.3.1 of Annex I to this Regulation.
1d. The turnover, capital expenditure and operational expenditure related to the activities to which paragraphs 1a to 1c are applied shall be reported separately as non-material turnover, capital expenditure or operational expenditure.’
;
(2)
in Article 3, the following paragraph 1a is inserted:
‘1a. By way of derogation from paragraph 1, asset managers may omit assessing whether the assets under management whose use of proceeds is known are taxonomy-eligible or taxonomy-aligned where the cumulative value of those assets is below 10 % of all assets under management whose use of proceeds is known that are included in the denominator of the KPI referred to in Section 1.2 of Annex III to this Regulation.
The assets to which the first subparagraph is applied shall be reported separately as non-material assets.’
;
(3)
in Article 4, the following paragraphs 1a to 1f are inserted:
‘1a. By way of derogation from paragraph 1, credit institutions may omit assessing whether the on-balance sheet assets whose use of proceeds is known are taxonomy-eligible or taxonomy-aligned where the cumulative value of those assets is below 10 % of all on-balance sheet assets whose use of proceeds is known that are included in the denominator of the Green Asset Ratio referred to in Section 1.1.2 of Annex V to this Regulation, for stock and flow, respectively.
The assets to which the first subparagraph is applied shall be reported separately as non-material assets.
1b. By way of derogation from paragraph 1, credit institutions may omit assessing whether the financial guarantees supporting loans and advances or debt securities whose use of proceeds is known are taxonomy-eligible or taxonomy-aligned where the cumulative value of those financial guarantees is below 10 % of the value of all financial guarantees supporting loans and advances or debt securities whose use of proceeds is known that are included in the denominator of the FinGuar KPI, stock and flow, respectively, referred to Section 1.2.2.1 of Annex V to this Regulation.
The financial guarantees to which the first subparagraph is applied shall be reported separately as non-material financial guarantees.
1c. By way of derogation from paragraph 1, credit institutions may omit assessing whether assets under management whose use of proceeds is known are taxonomy-eligible or taxonomy-aligned where the cumulative value of the assets under management is below 10 % of all assets under management whose use of proceeds is known that are included in the denominator of the AuM KPI, stock and flow, respectively, referred to in Section 1.2.2.2 of Annex V to this Regulation.
The assets under management to which the first subparagraph is applied shall be reported separately as non-material assets under management.
1d. By way of derogation from paragraph 1, credit institutions may omit assessing whether the fees and commission income related to specific economic activities are taxonomy-eligible or taxonomy-aligned where the cumulative value of that income is below 10 % of the value of all fees and commission income related to specific economic activities that are included in denominator of the F&C KPI referred to in Section 1.2.3 of Annex V to this Regulation.
The fees and commission income to which the first subparagraph is applied shall be reported separately as non-material fees and commissions.
1e. By way of derogation from paragraph 1, credit institutions may omit assessing whether financial assets whose use of proceeds is known held for trading are taxonomy-eligible or taxonomy-aligned where the cumulative value of those assets is below 10 % of all financial assets held for trading whose use of proceeds is known that are included in the denominator of the GAR for the trading portfolio referred to in Section 1.2.4 of Annex V to this Regulation.
The financial assets to which the first subparagraph is applied shall be reported separately as non-material assets.
1f. By way of derogation from paragraph 1, a credit institution may omit reporting the KPIs referred to in Annex V where the cumulative value of the net turnover generated by the activities covered by those KPIs is below 10 % of the total net turnover of that credit institution.’
;
(4)
in Article 5, the following paragraphs 1a and 1b are inserted:
‘1a. By way of derogation from paragraph 1, investment firms dealing on their own account may omit assessing whether the assets whose use of proceeds is known are taxonomy-eligible or taxonomy-aligned where the cumulative value of those assets is below 10 % of all assets whose use of proceeds is known that are included in the denominator of the Green Asset Ratio referred to in Section 2 of Annex VII to this Regulation.
The assets to which the first subparagraph is applied shall be reported separately as non-material assets.
1b. By way of derogation from paragraph 1, investment firms not dealing on their own account may omit assessing whether the revenue from investment services and activities, other than dealing on their own account, relating to specific economic activities are taxonomy-eligible or taxonomy-aligned where the cumulative value of that revenue is below 10 % of all revenue from investment services and activities, other than dealing on their own account relating to specific economic activities that are included in the denominator of the KPI on revenue referred to in Section 3 of Annex VII to this Regulation.
The revenue to which the first subparagraph is applied shall be reported separately as non-material revenue.’
;
(5)
in Article 6, the following paragraphs 1a and 1b are inserted:
‘1a. By way of derogation from paragraph 1, non-life insurance or reinsurance undertakings may omit assessing whether the gross premiums written, non-life insurance revenue or, as applicable, reinsurance revenue are taxonomy-eligible or taxonomy-aligned where the cumulative revenue of those gross premiums written, non-life insurance revenue or, as applicable, reinsurance revenue is below 10 % of the denominator of the KPI related to the underwriting activities referred to in Section 2 of Annex IX to this Regulation.
The gross premiums written or revenue to which the first subparagraph is applied shall be reported separately as non-material gross premiums written or non-material revenue.
1b. By way of derogation from paragraph 1, insurance or reinsurance undertakings may omit assessing whether the assets whose use of proceeds is known are taxonomy-eligible or taxonomy-aligned where the cumulative value of those assets is below 10 % of all assets whose use of proceeds is known that are included in the denominator of the KPI related to investments referred to in Section 1 of Annex IX to this Regulation.
The assets to which the first subparagraph is applied shall be reported separately as non-material assets.’
;
(6)
Article 7 is amended as follows:
(a)
paragraphs 2 and 3 are replaced by the following:
‘2. Derivatives, cash and cash equivalents, on demand interbank loans, and other categories of assets that are not referred to in Article 7(6), including goodwill and commodities, shall be excluded from the denominator of key performance indicators of financial undertakings.
3. All exposures to undertakings that are not obliged to include sustainability information in their management report pursuant to Article 19a or Article 29a of Directive 2013/34/EU, or that do not belong to groups of undertakings that are obliged to include sustainability information in their management report pursuant to Article 19a or Article 29a of Directive 2013/34/EU, during the financial year, shall be excluded from the denominator of key performance indicators of financial undertakings.
By way of derogation from the first subparagraph, exposures to Special Purpose Vehicles (SPVs) shall be included in the denominator of key performance indicators of financial undertakings where those SPVs finance:
(a)
entities subject to Article 19a or 29a of Directive 2013/34/EU or entities that belong to a group where the parent of the SPV is subject to Article 29a of that Directive;
(b)
assets operated by entities subject to Article 19a or 29a of Directive 2013/34/EU or entities that belong to a group where the parent of the SPV is subject to Article 29a of that Directive.
By way of derogation from the first subparagraph, financial undertakings may include in the denominator of their key performance indicators the following exposures:
(a)
exposures to undertakings as referred to in the first subparagraph where those undertakings report on a voluntary basis the key performance indicators in accordance with Annexes I to XI to this Regulation;
(b)
exposures to undertakings referred to in the first subparagraph whose use of proceeds is known.
Where the third subparagraph applies, the exposures referred to in that subparagraph shall be included in the numerator of the key performance indicators of financial undertakings as follows:
(a)
exposures referred to in the third subparagraph, point (a), shall be included in the numerator of key performance indicators of financial undertakings weighted by the key performance indicators reported on a voluntary basis by their counterparties in accordance with the methodology laid down in Annexes III, V, VII, and IX to this Regulation;
(b)
exposures referred to in the third subparagraph, point (b), shall be included in the numerator of key performance indicators of financial undertakings up to the full value of taxonomy-aligned economic activities that those exposures finance, on the basis of information provided by their counterparties.’
;
(b)
paragraph 4 is deleted;
(c)
paragraphs 5 and 6 are replaced by the following:
‘5. Where the technical screening criteria laid down in the delegated acts adopted pursuant to Articles 10(3), 11(3), 12(2), 13(2), 14(2) or 15(2) of Regulation (EU) 2020/852 are amended, the loans and instruments whose use of proceeds is known and that are held by financial undertakings that finance taxonomy-aligned economic activities or assets, shall in the absence of alignment of the financed economic activities or assets with the amended technical screening criteria, be reported as such under this Regulation until five years after the date of application of the delegated acts that amend those technical screening criteria.
6. Financial undertakings shall provide for a breakdown in the numerator and denominator of the key performance indicators, where applicable, for:
(a)
exposures to and investments in non-financial undertakings;
(b)
exposures to and investments in financial undertakings;
(c)
taxonomy-eligible exposures to retail clients;
(d)
exposures to local governments;
(e)
real estate assets;
(f)
exposures to and investment in undertakings as referred to in Article 7(3), third subparagraph.’
;
(d)
paragraph 7 is deleted;
(e)
the following paragraphs 8 and 9 are added:
‘8. When reporting the key performance indicators in accordance with this Regulation, financial undertakings shall include in the reporting templates:
(a)
exposures and investments financing non-material economic activities of their counterparties that are non-financial undertakings reported in accordance with Article 2, paragraphs (1a) and (1b) by weighing their exposures to those counterparties with the proportion of those non-material economic activities in the denominator of key performance indicators of their counterparties;
(b)
exposures to their counterparties that are financial undertakings by weighing those exposures with the proportion in the denominator of key performance indicators of those counterparties of activities that are not assessed by those counterparties in accordance with this paragraph;
(c)
activities, exposures and investment that the reporting undertakings consider to be non-material in accordance with Article 3(1a), Article 4(1a) to (1e), Article 5(1a) and (1b), Article 6(1a) and (1b), as applicable;
(d)
exposures to and investment in financial undertakings that report in accordance with Article 7(9) of this Regulation.
9. Until 31 December 2027, with the exception of Article 8(2) and this paragraph 9, Articles 2 to 8 shall not apply to financial undertakings that do not claim under Articles 3 and 9 of Regulation (EU) 2020/852 that they have economic activities that are associated with that Regulation, provided that those undertakings disclose the information referred to in Article 8(1) of that Regulation by including in their management report the following statement:
“No activities are claimed as being associated with economic activities that qualify as environmentally sustainable under Articles 3 and 9 of Regulation (EU) 2020/852 (Taxonomy Regulation)”.’
;
(7)
in Article 8 paragraphs 6, 7 and 8 are replaced by the following:
‘6. Where performing or financing the economic activities as referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139, non-financial undertakings and financial undertakings shall disclose the proportion of:
(a)
taxonomy-aligned economic activities as referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of their key performance indicators;
(b)
taxonomy-eligible economic activities as referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of their key performance indicators.
7. Where performing or financing the economic activities as referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139, non-financial undertakings and financial undertakings shall disclose the proportion of:
(a)
taxonomy-aligned economic activities as referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of their key performance indicators;
(b)
taxonomy-eligible economic activities as referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139 in the denominator of their key performance indicators.
8. The information referred to in paragraphs 6 and 7 shall be presented in tabular form by using the templates set out in Annexes II, IV, VI, VIII, and X to this Regulation.’
;
(8)
in Article 10(5) the second subparagraph is replaced by the following:
‘Sections 1.2.3 and 1.2.4 of Annex V shall apply from 1 January 2028.’;
(9)
Annex I is amended in accordance with Annex I to this Regulation;
(10)
Annex II is replaced by the text in Annex II to this Regulation;
(11)
Annex III is amended in accordance with Annex III to this Regulation;
(12)
Annex IV is replaced by the text in Annex IV to this Regulation;
(13)
Annex V is amended in accordance with Annex V to this Regulation;
(14)
Annex VI is replaced by the text in Annex VI to this Regulation;
(15)
Annex VII is amended in accordance with Annex VII to this Regulation;
(16)
Annex VIII is replaced by the text in Annex VIII to this Regulation;
(17)
Annex IX is amended in accordance with Annex IX to this Regulation;
(18)
Annex X is replaced by the text in Annex X to this Regulation;
(19)
Annex XI is amended in accordance with Annex XI to this Regulation;
(20)
Annex XII is deleted.
Amendments to Delegated Regulation (EU) 2021/2139
Delegated Regulation (EU) 2021/2139 is amended as follows:
(1)
Annex I is amended in accordance with Annex XII to this Regulation;
(2)
Annex II is amended in accordance with Annex XIII to this Regulation.
Amendments to Delegated Regulation (EU) 2023/2486
Delegated Regulation (EU) 2023/2486 is amended as follows:
(1)
Annex I is amended in accordance with Annex XIV to this Regulation;
(2)
Annex II is amended in accordance with Annex XV to this Regulation;
(3)
Annex IV is amended in accordance with Annex XVI to this Regulation.
Entry into force and application
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .
It shall apply from 1 January 2026.
Undertakings may, however, apply Delegated Regulations (EU) 2021/2178, (EU) 2021/2139 and (EU) 2023/2486 as applicable on 31 December 2025 for the financial year that starts between 1 January and 31 December 2025.
Supplementary provisions
ANNEX ISupplementary provisions
ANNEX I
Annex I to Delegated Regulation (EU) 2021/2178 is amended as follows:
(1)
in Section 1.1.3.2, the last paragraph is deleted;
(2)
in Section 1.2.3.1, first paragraph, the following letter (d) is added:
‘(d)
information on the sector of economic activities considered as non-material according to Article 2 (1a), and an explanation of the absence of materiality of those economic activities.’;
(3)
in Section 1.2.3.2, first paragraph, the following letter (d) is added:
‘(d)
information on the sector of economic activities considered non-material according to Article 2 (1b) and an explanation of the absence of materiality of those economic activities.’;
(4)
in Section 1.2.3.3, first paragraph, the following letter (d) is added:
‘(d)
information on the sector of economic activities considered non-material according to Article 2 (1c) and an explanation of the absence of materiality of those economic activities.’.
ANNEX IISupplementary provisions
ANNEX II
‘ANNEX II
TEMPLATES FOR THE KPIs OF NON-FINANCIAL UNDERTAKINGS
Template 1: Proportion of turnover, CapEx, OpEx from products or services associated with Taxonomy-eligible or Taxonomy-aligned economic activities – disclosure covering year ( N ) (summary KPIs)
Financial year ( N )
KPI
Total
Proportion of Taxonomy-eligible activities
Taxonomy-aligned activities
Proportion of Taxonomy-aligned activities
Breakdown by environmental objectives of Taxonomy-aligned activities
Proportion of enabling activities
Proportion of transitional activities
Not assessed activities considered non-material
Taxonomy-aligned activities in previous financial year ( N -1)
Proportion of Taxonomy-aligned activities in previous financial year ( N -1)
Climate Change Mitigation
Climate Change Adaptation
Water
Circular Economy
Pollution
Biodiversity
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
Text
Currency
%
Currency
%
%
%
%
%
%
%
%
%
%
Currency
%
Turnover
%
%
%
%
%
%
%
%
%
%
%
%
CapEx
%
%
%
%
%
%
%
%
%
%
%
%
OpEx
%
%
%
%
%
%
%
%
%
%
%
%
Explanatory notes for Template 1:
1.
( N ) indicates the financial year that the reported data refers to. Columns (2) to (14) shall pertain to the financial year ( N ). ( N -1) Indicates the previous financial year. If no data was reported for financial year N -1, leave columns (15) and (16) empty.
2.
Column (2) shall contain the denominator of the respective KPI.
3.
Column (3) shall contain the proportion of the denominator of the respective KPI that is associated with total Taxonomy-eligible economic activities regardless of whether those activities are taxonomy-aligned or not.
4.
Column (5) shall contain the proportion of the denominator of the respective KPI that is associated with total Taxonomy-aligned economic activities.
5.
Columns (6) to (11) shall contain the proportion of the denominator of the respective KPI that is associated with Taxonomy-aligned economic activities that contribute substantially to the respective environmental objective. For the respective KPI, the sum of the proportions in columns (6) to (11) shall equal to the figure in the column (5).
6.
Column (12) shall contain the proportion of the denominator of the respective KPI that is associated with Taxonomy-aligned economic activities that are enabling economic activities.
7.
Column (13) shall contain the proportion of the denominator of the respective KPI that is associated with Taxonomy-aligned economic activities that are transitional economic activities.
8.
Column (14) shall contain the proportion of the denominator of the respective KPI associated with economic activities that are considered non-material with respect to the respective KPI and not assessed for Taxonomy-eligibility and Taxonomy-alignment in accordance with Article 2(1a), (1b), and (1c), respectively. For an economic activity considered material with respect to a KPI (turnover, CapEx, or OpEx), undertakings shall assess the Taxonomy-eligibility and alignment of that KPI pertaining to that activity in its entirety and not consider portion of that KPI pertaining to that activity as non-material. Column (14) shall not include any portion of turnover, CapEx, or OpEx associated with material economic activities.
9.
Column (16) shall contain the proportion of the denominator of the respective KPI, pertaining to the financial year ( N -1), that is associated with total Taxonomy-aligned economic activities pertaining to the financial year ( N -1).
10.
Columns (5) to (11) to avoid double counting: if the figure in column (5) contains Taxonomy-aligned economic activities that contribute substantially to more than one environmental objective at the same time, the substantial contribution of those economic activities to multiple environmental objectives should be indicated under the respective environmental objectives in columns (6) to (11) of Template 2 on respective activity rows, but should not be double counted in columns (5) to (11) of Template 1.
Template 2: Proportion of turnover, CapEx, OpEx from products or services associated with Taxonomy-eligible or Taxonomy-aligned economic activities – disclosure covering year ( N ) (activity breakdown)
Reported KPI (Turnover/CapEx/OpEx)
Financial year ( N)
Economic Activities
Code
Taxonomy-eligible KPI (Proportion of Taxonomy-eligible Turnover/CapEx/OpEx)
Taxonomy-aligned KPI (monetary value of Turnover/ CapEx/OpEx)
Taxonomy-aligned KPI (Proportion of Taxonomy-aligned Turnover, CapEx, OpEx
Environmental objective of Taxonomy-aligned activities
Enabling activity
Transitional activity
Proportion of Taxonomy-aligned in Taxonomy-eligible
Climate Change Mitigation
Climate Change Adaptation
Water
Circular Economy
Pollution
Biodiversity
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
Text
%
Currency
%
%
%
%
%
%
%
(E where applicable)
(T where applicable)
%
Activity 1
%
%
%
%
%
%
%
%
Activity 2
%
%
%
%
%
%
%
%
Sum of alignment per objective
%
%
%
%
%
%
Total KPI (Turnover/CapEx/OpEx)
%
%
%
%
%
%
%
%
%
%
Explanatory notes for Template 2:
1.
Non-financial undertakings shall duplicate this template to disclose separately the turnover, the CapEx and the OpEx KPIs, clearly indicating in the title of each table which KPI the table refers to. Where non-financial undertakings disclose zero Taxonomy-eligible KPI (turnover, CapEx, or OpEx, respectively), in Template 1, column (3), they may omit disclosing Template 2 for that KPI.
2.
( N ) indicates the financial year that the reported data refers to. Columns (2) to (14) pertain to financial year ( N ).
3.
For activity rows, column (2): 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” has 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.
4.
For activity rows, column (3) shall contain the proportion of the denominator of the respective KPI, as reported in Template 1, that is associated with a Taxonomy-eligible economic activity regardless of whether or not that activity is Taxonomy-aligned, or only a portion of that activity is Taxonomy-aligned.
5.
For activity rows, column (5) shall contain the proportion of the denominator of the respective KPI, as reported in Template 1, that is associated with a Taxonomy-aligned economic activity, or with the Taxonomy-aligned portion of a Taxonomy-eligible activity.
6.
For activity rows, columns (6) to (11) shall contain the proportion of the denominator of the respective KPI, as reported in Template 1, that is associated with a Taxonomy-aligned economic activity, or its portion, that contributes substantially to the respective environmental objective for which the economic activity is Taxonomy-eligible. Columns corresponding to the environmental objectives for which the economic activity is not Taxonomy-eligible should be left empty. Where a Taxonomy-aligned economic activity, or its portion, contributes substantially to several environmental objectives, the columns under those environmental objectives shall contain the corresponding proportion of the denominator of the respective KPI, as reported in Template 1, that is associated with that activity or its portion. In other words, where an activity contributes substantially to more than one environmental objective at the same time, its substantial contribution should be indicated under multiple environmental objectives in the row pertaining to that economic activity.
7.
Column (14) shall contain the ratio of the figure in column (5) divided by the figure in column (3) in the respective rows.
8.
Row “Sum of alignment per objective”: columns (6) to (11) shall contain the sum of figures for all reported activities under the respective columns. The sum of columns (6) to (11) on this row might possibly result in more than 100 %.
9.
Row “Total KPI”: columns (3) to (13) shall contain the sum of figures for all reported activities under the respective columns. For columns (4) to (11), when perfoming the summation in the row “Total KPI” , non-financial undertakings shall not double count the contributions to multiple environmental objectives and include only the environmental objective they deem the most relevant. Figure in column (5) in this row, i.e. Total Taxonomy-aligned KPI, shall equal the sum of figures reported in columns (6) to (11) in this row. The figures reported in the row “Total KPI” in columns (3) to (13) in Template 2 shall equal to the figures reported in corresponding columns (3) to (13) in the Template 1. In order to avoid double counting, financial undertakings will take into account the Total KPI figure as reported in Template 1 when computing their own KPIs.
’
ANNEX IIISupplementary provisions
ANNEX III
Annex III to Delegated Regulation (EU) 2021/2178 is amended as follows:
(1)
in Section 1.2, the first paragraph is replaced by the following:
‘The denominator shall consist of the value of all Asset under Management (AuM) covered under Article 7(6) of this Regulation resulting from both collective and individual portfolio management activities of asset managers.’;
(2)
in Section 2, letter (e) is deleted;
(3)
in Section 2, letter (f) is replaced by the following:
‘(f)
disclose the proportion in total investments of covered investments in exposures referred to in Article 7(6) of this Regulation.’.
ANNEX IVSupplementary provisions
ANNEX IV
‘ANNEX IV
TEMPLATE FOR THE KPI OF ASSET MANAGERS
Standard template for the disclosure required under Article 8 of Regulation (EU) 2020/852 (asset managers)
Disclosure reference date
Exposures
%
Million EUR
1
Total AUM
100
2
Assets covered by the KPI
% of covered assets
% Turnover based
% CapEx based
3
Taxonomy eligible
4
Nuclear activities ( 1 )
5
Fossil gas activities ( 2 )
6
Taxonomy aligned
7
Undertakings subject to Articles 19a and 29a of Directive 2013/34/EU
8
of which Non-financial undertakings
9
of which Financial undertakings
10
Other covered counterparties and real estate assets
11
Exposures included on a voluntary basis ( 3 )
12
Transitional activities
13
Enabling activities
14
Nuclear activities ( 1 )
15
Fossil gas activities ( 2 )
Taxonomy aligned per objective
% Turnover based
% CapEx based
16
Climate Change Mitigation (CCM)
17
Climate Change Adaptation (CCA)
18
Water and marine resources (WTR)
19
Circular economy (CE)
20
Pollution (PPC)
21
Biodiversity and Ecosystems (BIO)
22
Non-assessed exposures
23
Exposures financing non-assessed non-material activities of counterparties ( 4 )
24
Non-assessed exposures considered non-material by the reporting entity ( 5 )
25
Exposures to counterparties reporting in accordance with Article 7(9) of this Regulation ( 6 )
Breakdown of covered assets
%
Million EUR
26
Undertakings subject to Articles 19a and 29a of Directive 2013/34/EU
27
of which Non-financial undertakings
28
of which Financial undertakings
29
Other covered counterparties and real estate assets
30
Exposures included on a voluntary basis ( 3 )
’
( 1 ) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
( 2 ) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
( 3 ) In accordance with Article 7(3) of this Regulation.
( 4 ) In accordance with Article 7(8)(a) and (b) of this Regulation.
( 5 ) In accordance with Article 3(1a) of this Regulation. Figures should be the same in both columns.
( 6 ) Figures should be the same in both columns.
ANNEX VSupplementary provisions
ANNEX V
Annex V to Delegated Regulation (EU) 2021/2178 is amended as follows:
(1)
in Section 1.1.2, the third paragraph is replaced by the following:
‘The following assets shall be excluded from the numerator and the denominator 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.).’;
(2)
in Section 1.2.4, the third paragraph is replaced by the following:
‘Credit institutions shall disclose quantitative information and KPIs that show to what extent the institution is trading with environmentally sustainable assets and to what extent it is contributing to promoting the trading of this type of assets.’.
ANNEX VISupplementary provisions
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
0. Summary of KPIs to be disclosed by credit institutions under Article 8 Taxonomy Regulation
Disclosure reference date/period t
Total exposure to Taxonomy-aligned activities (currency)
KPI ( 1 ) (%)
KPI ( 2 ) (%)
% coverage (over total assets) ( 3 ) (%)
Non-assessed exposures (% of covered assets) ( 4 ) (%)
Non-assessed exposures (% of covered assets) ( 4 ) (%)
Turnover-based
CapEx-based
Turnover-based
CapEx-based
Turnover-based
CapEx-based
Main KPI
Green asset ratio (GAR) stock
Total exposure to Taxonomy-aligned activities (currency)
KPI ( 1 ) (%)
KPI ( 2 ) (%)
% coverage (over total assets) ( 3 ) (%)
Non-assessed exposures (% of covered assets) ( 4 ) (%)
Non-assessed exposures (% of covered assets) ( 4 ) (%)
Turnover-based
CapEx-based
Turnover-based
CapEx-based
Turnover-based
CapEx-based
Additional KPIs
GAR (flow)
Trading book
Financial guarantees
Assets under management
Fees and commissions income
( 5 )
Note 1 :
Across the reporting templates: cells shaded in black should not be reported.
Note 2 :
Fee and Commission (sheet 6) and Trading Book (sheet 7) KPIs shall only apply starting 2028.
1. Assets for the calculation of GAR
Disclosure reference date/period t
Stock/Flow (Million EUR)
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
Total [gross] carrying amount
Of which Taxonomy-eligible
Of which Taxonomy-aligned
Breakdown per environmental objective
Of which Use of Proceeds
Of which transitional
Of which enabling
Non-assessed exposures
Of which financing non-material activities of counterparties ( 6 )
Of which exposures financing counterparties reporting in accordance with Article 7(9)
Of which not assessed considered non-material by the credit institution ( 7 )
Climate Change Mitigation (CCM)
Climate Change Adaptation (CCA)
Water and marine resources (WTR)
Circular economy (CE)
Pollution (PPC)
Biodiversity and Ecosystems (BIO)
1
GAR – Covered assets in both numerator and denominator
2
Loans and advances, debt securities and equity instruments not HfT eligible for GAR calculation
3
Financial undertakings
4
Loans and advances
5
Debt securities, including UoP
6
Equity instruments
7
Non-financial undertakings
8
Loans and advances
9
Debt securities, including UoP
10
Equity instruments
11
Households
12
of which loans collateralised by residential immovable property
13
of which building renovation loans
14
of which motor vehicle loans
15
Local government financing
16
Housing financing
17
Other local government financing
18
Collateral obtained by taking possession: residential and commercial immovable properties
19
Exposures included on a voluntary basis
( 8 )
20
Total GAR assets
21
Assets not covered for GAR calculation
22
Central governments and Supranational issuers
23
Central banks exposure
24
Trading book
25
Undertakings and entities not subject to CSRD
26
SMEs and undertakings (other than SMEs) not subject to CSRD disclosure obligations
27
Loans and advances
28
of which loans collateralised by commercial immovable property
29
of which building renovation loans
30
Debt securities
31
Equity instruments
32
Non-EU country counterparties not subject to CSRD disclosure obligations
33
Loans and advances
34
Debt securities
35
Equity instruments
36
Derivatives
37
On demand interbank loans
38
Cash and cash-related assets
39
Other categories of assets (e.g. Goodwill, commodities etc.)
40
Total assets
Off-balance sheet exposures (stock) to Undertakings subject to CSRD disclosure obligations and local governments
41
Financial guarantees
42
Assets under management
43
of which debt securities
44
of which equity instruments
Explanatory notes:
1.
The following accounting categories of financial assets should be considered: Financial assets at amortised cost, financial assets at fair value through other comprehensive income, investments in subsidiaries, joint ventures and associates, financial assets designated at fair value through profit or loss and non-trading financial assets mandatorily at fair value through profit or loss, and real estate collaterals obtained by credit institutions by taking possession in exchange for cancellation of debts.
2.
Credit institutions shall duplicate this template for reporting on stocks for the calculation of GAR stock, and reporting on new assets for the calculation of GAR flow.
3.
Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
2. GAR sector information
Disclosure reference date/period t
a
b
c
d
e
f
g
h
i
j
Breakdown by sector – NACE 4 digits level (code and label) (Million EUR)
Total [Gross] carrying amount
Of which Taxonomy-eligible
Of which Taxonomy-aligned
Climate Change Mitigation (CCM)
Climate Change Adaptation (CCA)
Water and marine resources (WTR)
Circular economy (CE)
Pollution (PPC)
Biodiversity and Ecosystems (BIO)
1
2
3
…
10
11
Nuclear activities ( 9 )
12
Fossil gas activities ( 10 )
13
Of which non-assessed exposures ( 11 )
Explanatory notes:
1.
Credit institutions shall disclose in this template information on top ten exposures in the banking book towards top ten sectors covered by the Taxonomy (NACE sectors 4 levels of detail), using the relevant NACE Codes on the basis of the principal activity of the counterparty.
2.
The counterparty NACE sector allocation shall be based exclusively on the nature of the immediate counterparty. The classification of the exposures incurred jointly by more than one obligor shall be done on the basis of the characteristics of the obligor that was the more relevant, or determinant, for the institution to grant the exposure. The distribution of jointly incurred exposures by NACE codes shall be driven by the characteristics of the more relevant or determinant obligor. Institutions shall disclose information by NACE codes with the level of disaggregation required in the template.
3.
Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
3. GAR KPI stock
Disclosure reference date t
% (compared to corresponding total covered assets in the denominator)
a
b
c
d
e
f
g
h
i
j
k
l
m
Taxonomy-eligible
Proportion of Taxonomy aligned in Taxonomy eligible
Non-assessed exposures ( 12 )
Taxonomy-aligned
Breakdown per environmental objective
Of which Use of Proceeds
Of which transitional
Of which enabling
Climate Change Mitigation (CCM)
Climate Change Adaptation (CCA)
Water and marine resources (WTR)
Circular economy (CE)
Pollution (PPC)
Biodiversity and Ecosystems (BIO)
1
GAR – Covered assets in both numerator and denominator
2
Loans and advances, debt securities and equity instruments not HfT eligible for GAR calculation
3
Financial undertakings
4
Loans and advances
5
Debt securities, including UoP
6
Equity instruments
7
Non-financial undertakings
8
Loans and advances
9
Debt securities, including UoP
10
Equity instruments
11
Households
12
of which loans collateralised by residential immovable property
13
of which building renovation loans
14
of which motor vehicle loans
15
Local government financing
16
Housing financing
17
Other local government financing
18
Collateral obtained by taking possession: residential and commercial immovable properties
19
Exposures included on a voluntary basis
( 13 )
20
GAR – Total GAR assets
Explanatory notes:
1.
Institutions shall disclose in this template the GAR KPIs on stock of exposures calculated based on the data disclosed in template 1, on covered assets.
2.
Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
4. GAR KPI flow
Disclosure reference period t
% (compared to corresponding total covered assets in the denominator)
a
b
c
d
e
f
g
h
i
j
k
l
m
Taxonomy-eligible
Proportion of Taxonomy-aligned in Taxonomy-eligible
Non-assessed exposures ( 14 )
Taxonomy-aligned
Breakdown per environmental objective
Of which Use of Proceeds
Of which transitional
Of which enabling
Climate Change Mitigation (CCM)
Climate Change Adaptation (CCA)
Water and marine resources (WTR)
Circular economy (CE)
Pollution (PPC)
Biodiversity and Ecosystems (BIO)
1
GAR – Covered assets in both numerator and denominator
2
Loans and advances, debt securities and equity instruments not HfT eligible for GAR calculation
3
Financial undertakings
4
Loans and advances
5
Debt securities, including UoP
6
Equity instruments
7
Non-financial undertakings
8
Loans and advances
9
Debt securities, including UoP
10
Equity instruments
11
Households
12
of which loans collateralised by residential immovable property
13
of which building renovation loans
14
of which motor vehicle loans
15
Local government financing
16
Housing financing
17
Other local government financing
18
Collateral obtained by taking possession: residential and commercial immovable properties
19
Exposures included on a voluntary basis
( 15 )
20
GAR – Total GAR assets
Explanatory note:
1.
Institutions shall disclose in this template the GAR KPIs on flow of new loans and advances, debt securities, equity instruments, and repossessed collateral during the financial year prior to the disclosure reference date calculated based on the data disclosed in template 1, on covered assets.
2.
Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
5. KPI off-balance sheet exposures
Disclosure reference date/period t
% (compared to corresponding total off-balance sheet assets)
a
b
c
d
e
f
g
h
i
j
k
l
Taxonomy-eligible
Non-assessed exposures ( 16 )
Taxonomy-aligned
Breakdown per environmental objective
Of which Use of Proceeds
Of which transitional
Of which enabling
Climate Change Mitigation (CCM)
Climate Change Adaptation (CCA)
Water and marine resources (WTR)
Circular economy (CE)
Pollution (PPC)
Biodiversity and Ecosystems (BIO)
1
Financial guarantees (FinGuar KPI)
2
Assets under management (AuM KPI)
Explanatory notes:
1.
Institutions shall disclose in this template the KPIs for off-balance sheet exposures (financial guarantees and AuM) calculated based on the data disclosed in template 1, on covered assets.
2.
Institutions shall duplicate this template to disclose stock and flow KPIs for off-balance sheet exposures.
3.
Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
6. KPI on fee and commission income from services other than lending and asset management
Disclosure reference period t
F&C KPI
a
b
c
d
e
f
g
h
i
j
k
l
m
Total
Taxonomy-eligible
Of which non-assessed fees and commissions income ( 17 )
Taxonomy-aligned
Breakdown per environmental objective
Of which Use of Proceeds
Of which transitional
Of which enabling
Climate Change Mitigation (CCM)
Climate Change Adaptation (CCA)
Water and marine resources (WTR)
Circular economy (CE)
Pollution (PPC)
Biodiversity and Ecosystems (BIO)
Mn EUR
%
%
%
%
%
%
%
%
%
%
%
%
1
Fees and commissions income from CSRD corporates – Services other than lending
2
Services towards financial undertakings
3
Non-financial undertakings
4
Counterparties not subject to CSRD disclosure obligations, including third-country counterparties
Explanatory notes:
1.
Institutions shall disclose in this template information on the percentage (%) of fee and commission income related to taxonomy relevant sectors and Taxonomy-aligned activities (with breakdown for transitional and enabling activities) compared to total fees and commission income from CSRD corporates for services other than lending and asset management.
2.
Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
7. KPI Trading book portfolio
Disclosure reference period t
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
Absolute purchases plus absolute sales (Fair value)
Trading KPI
Of which non-assessed exposures ( 18 )
Of which Taxonomy-aligned
Of which CCM
Of which CCA
Of which WTR
Of which CE
Of which PPC
Of which BIO
Of which CCM
Of which CCA
Of which WTR
Of which CE
Of which PPC
Of which BIO
1
Financial assets held for trading (debt securities and equity holdings) – CSRD corporates
2
Financial corporates
3
Debt securities
4
Equity instruments
5
Non-financial corporates
6
Debt securities
7
Equity instruments
8
Counterparties not subject to CSRD disclosure obligations, including third-country counterparties
9
Debt securities
10
Equity instruments
Explanatory note:
1.
Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
’
( 1 ) Based on the Turnover KPI of the counterparty.
( 2 ) Based on the CapEx KPI of the counterparty.
( 3 ) % of assets covered by the KPI over banks’ total assets.
( 4 ) In accordance with Article 7(8) of this Regulation.
( 5 ) Fee and commission income from services other than lending and AuM.
( 6 ) In accordance with Article 7(8)(a) and (b) of this Regulation.
( 7 ) In accordance with Article 4(1a) of this Regulation.
( 8 ) In accordance with Article 7(3) of this Regulation.
( 9 ) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
( 10 ) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
( 11 ) In accordance with Article 7(8) of this Regulation.
( 12 ) In accordance with Article 7(8) of this Regulation.
( 13 ) In accordance with Article 7(3) of this Regulation.
( 14 ) In accordance with Article 7(8) of this Regulation.
( 15 ) In accordance with Article 7(3) of this Regulation.
( 16 ) In accordance with Article 7(8) of this Regulation.
( 17 ) In accordance with Article 7(8) of this Regulation.
( 18 ) In accordance with Article 7(8) of this Regulation.
ANNEX VIISupplementary provisions
ANNEX VII
Annex VII to Delegated Regulation (EU) 2021/2178 is amended as follows:
(1)
in Section 2.2, the first paragraph is replaced by the following:
‘Investee undertakings considered shall include non-financial undertakings and financial undertakings.’;
(2)
in Section 2.3, the first paragraph is replaced by the following:
‘The calculation of KPIs shall include debt securities, equity instruments towards investee companies and all other assets covered under Article 7(6).’;
(3)
in Section 3.2, the first paragraph is replaced by the following:
‘Investment firms shall consider clients receiving investment services, other than dealing on own account services and ancillary services, that are non-financial undertakings and financial undertakings.’.
ANNEX VIIISupplementary provisions
ANNEX VIII
‘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
0. Summary of KPIs to be disclosed by investment firms under Article 8 Taxonomy Regulation
Disclosure reference date/period t
Total Taxonomy-aligned assets (currency)
KPI ( 1 ) (%)
KPI ( 2 ) (%)
% coverage (over total assets) ( 3 ) (%)
Non-assessed exposures (% of covered assets) ( 4 ) (%)
Non-assessed exposures (% of covered assets) ( 4 ) (%)
Turnover-based
CapEx-based
Turnover-based
CapEx-based
Turnover-based
CapEx-based
Main KPI (for dealing on own account)
Green asset ratio
Total revenue from Taxonomy-aligned services and activities (currency)
KPI ( 1 ) (%)
KPI ( 2 ) (%)
% coverage (over total revenue) ( 3 ) (%)
Non-assessed revenue (% of covered revenue) ( 4 ) (%)
Non-assessed revenue (% of covered revenue) ( 4 ) (%)
Turnover-based
CapEx-based
Turnover-based
CapEx-based
Turnover-based
CapEx-based
Main KPI (for services and activities other than dealing on own account)
KPI on Revenue
( 5 )
1. KPI IF – Dealing on own account services
Disclosure reference date t
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
Total
Of which covered by the KPI
Taxonomy eligible ( 6 )
Taxonomy aligned ( 7 )
Breakdown per environmental objective
Of which transitional
Of which enabling
Non-assessed exposures
Of which financing non-material activities of counterparties ( 8 )
Of which exposures financing counterparties reporting in accordance with Article 7(9)
Of which not assessed considered non-material by the reporting entity ( 9 )
Climate Change Mitigation (CCM)
Climate Change Adaptation (CCA)
Water and marine resources (WTR)
Circular economy (CE)
Pollution (PPC)
Biodiversity and Ecosystems (BIO)
Currency
Currency
%
%
%
%
%
%
%
%
%
%
%
%
%
%
1
Total assets invested under investment firms’ activities dealing on own account (as per Section A of Annex I to Directive 2014/65/EU)
2
of which: on own behalf
3
of which: on behalf of clients
4
of which: exposures included on a voluntary basis ( 10 )
5
of which nuclear activities ( 11 )
6
of which fossil gas activities ( 12 )
Explanatory note:
1.
Undertakings shall duplicate this template for turnover-based and CapEx-based disclosures.
2. KPI IF – Other services
Disclosure reference period t
a
b
c
d
e
f
g
h
i
j
k
l
m
Of which non-assessed revenue ( 15 )
Taxonomy eligible ( 13 )
Taxonomy aligned ( 14 )
Breakdown per environmental objective
Of which transitional
Of which enabling
Total
Of which covered by the KPI
Climate Change Mitigation (CCM)
Climate Change Adaptation (CCA)
Water and marine resources (WTR)
Circular economy (CE)
Pollution (PPC)
Biodiversity and Ecosystems (BIO)
Currency
Currency
%
%
%
%
%
%
%
%
%
%
%
1
Revenue (i.e. fees, commissions and other monetary benefits) from investment and services and activities other than dealing on own account (as per Section A of Annex I to Directive 2014/65/EU)
2
Reception and transmission of orders in relation to one or more financial instruments
3
Execution of orders on behalf of clients
4
Portfolio management
5
Investment advice
6
Underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis
7
Placing of financial instruments without a firm commitment basis
8
Operation of an MTF
9
Operation of an OTF
10
of which included on voluntary basis ( 16 )
11
of which nuclear activities ( 17 )
12
of which fossil gas activities ( 18 )
Explanatory note:
1.
Undertakings shall duplicate this template for turnover-based and CapEx-based disclosures.
’
( 1 ) Based on the Turnover KPI of the counterparty.
( 2 ) Based on the CapEx KPI of the counterparty.
( 3 ) % of assets covered by the KPI over total assets.
( 4 ) In accordance with Article 7(8) of this Regulation.
( 5 ) Fees, commissions and other monetary benefits.
( 6 ) % of Taxonomy-eligible assets over covered assets.
( 7 ) % of Taxonomy aligned assets over covered assets.
( 8 ) In accordance with Article 7(8)(a) and (b) of this Regulation.
( 9 ) In accordance with Article 5(1a) of this Regulation.
( 10 ) In accordance with Article 7(3) of this Regulation.
( 11 ) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
( 12 ) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
( 13 ) % of Taxonomy-eligible assets over covered assets.
( 14 ) % of Taxonomy aligned assets over covered assets.
( 15 ) In accordance with Article 7(8) of this Regulation.
( 16 ) In accordance with Article 7(3) of this Regulation.
( 17 ) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
( 18 ) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
ANNEX IXSupplementary provisions
ANNEX IX
Annex IX to Delegated Regulation (EU) 2021/2178 is amended as follows:
(1)
in Section 1, the second paragraph is replaced by the following text:
‘Investments shall mean all direct and indirect investments and exposures, covered under Article 7(6), including investments in collective investment undertakings and participations, loans and mortgages.’;
(2)
in Section 1, third paragraph, the second sentence is replaced by the following:
‘The ratio of covered investments in exposures covered under Article 7(6) of this Regulation in the balance sheet total shall be disclosed.’;
(3)
in Section 2, the second and third paragraphs are deleted.
ANNEX XSupplementary provisions
ANNEX X
‘ANNEX X
TEMPLATES FOR KPIs OF INSURANCE AND REINSURANCE UNDERTAKINGS
Template 1: The underwriting KPI
Disclosure reference period t
Economic activities: Non-life insurance and reinsurance underwriting activities ( 1 )
Absolute premiums, year t
Proportion of premiums, year t
Absolute premiums, year t -1
Proportion of premiums, year t -1
(1)
(2)
(3)
(4)
(5)
Currency
%
Currency
%
Taxonomy-aligned activities
Nuclear activities ( 2 )
Fossil gas activities ( 3 )
Taxonomy-eligible activities
Nuclear activities ( 2 )
Fossil gas activities ( 3 )
Non-assessed activities considered non-material
( 4 )
Total
( 5 )
100
100
Explanatory notes for Template 1:
1.
“Premiums” in columns (2) and (3) shall be reported as gross premiums written or, as applicable, revenue relating to non-life insurance or reinsurance activity.
2.
The information in columns (4) and (5) shall be reported in disclosures in the year 2024 and thereafter. ( t -1): Indicates the last financial year when data on Taxonomy-alignment was reported. If no data was reported in year t -1, leave columns (4) and (5) empty.
Template 2: Investment KPI
Exposures
%
Million EUR
1
Total AUM
100
2
Assets covered by the KPI
% of covered assets
% Turnover based
% CapEx based
3
Taxonomy eligible
4
Nuclear activities ( 6 )
5
Fossil gas activities ( 7 )
6
Taxonomy aligned
7
Undertakings subject to Articles 19a and 29a of Directive 2013/34/EU
8
of which Non-financial undertakings
9
of which Financial undertakings
10
Other covered counterparties and real estate assets
11
Investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders
12
Exposures included on a voluntary basis ( 8 )
13
Transitional activities
14
Enabling activities
15
Nuclear activities ( 6 )
16
Fossil gas activities ( 7 )
Taxonomy aligned per objective
% Turnover based
% CapEx based
17
Climate Change Mitigation (CCM)
18
Climate Change Adaptation (CCA)
19
Water and marine resources (WTR)
20
Circular economy (CE)
21
Pollution (PPC)
22
Biodiversity and Ecosystems (BIO)
23
Non-assessed exposures
24
Exposures financing non-assessed non-material activities of counterparties ( 9 )
25
Exposures financing counterparties reporting in accordance with Article 7(9) to this Regulation ( 10 )
26
Non-assessed exposures considered non-material by the reporting entity ( 11 )
Breakdown of covered assets
%
Million EUR
27
Undertakings subject to Articles 19a and 29a of Directive 2013/34/EU
28
of which Non-financial undertakings
29
of which Financial undertakings
30
Other covered counterparties and real estate assets
31
Investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders
32
Exposures included on a voluntary basis ( 8 )
’
( 1 ) Non-life insurance and reinsurance can only be eligible or aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation.
( 2 ) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
( 3 ) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
( 4 ) In accordance with Article 7(8) of this Regulation.
( 5 ) Total figure shall contain 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.
( 6 ) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
( 7 ) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139.
( 8 ) In accordance with Article 7(3) of this Regulation.
( 9 ) In accordance with Article 7(8)(a) and (b) of this Regulation.
( 10 ) Figures should be the same in both columns.
( 11 ) In accordance with Article 6(1b) of this Regulation. Figures should be the same in both columns.
ANNEX XISupplementary provisions
ANNEX XI
In Annex XI to Delegated Regulation (EU) 2021/2178, the following indent is introduced after the first indent:
‘—
contextual information on the assets and activities covered by the KPIs that are considered non-material in accordance with Articles 3(1a), 4(1a) to (1f), 5(1a) and(1b), 6(1a) and (1b), as applicable, including the sector of the economic activities associated with those assets and activities and an explanation of the absence of materiality of those economic activities.’
Amendments to Annex I to Delegated Regulation (EU) 2021/2139
ANNEX XIISupplementary provisions
ANNEX XII
Amendments to Annex I to Delegated Regulation (EU) 2021/2139
Appendix C to Annex I to Delegated Regulation (EU) 2021/2139 is replaced by the following:
‘Appendix C
GENERIC CRITERIA FOR DNSH TO POLLUTION PREVENTION AND CONTROL REGARDING USE AND PRESENCE OF CHEMICALS
The activity does not lead to the manufacture, placing on the market or use of:
(a)
substances, whether on their own, in mixtures or in articles, listed in Annexes I or II to Regulation (EU) 2019/1021, except in the case of substances present as an unintentional trace contaminant;
(b)
mercury and mercury compounds, their mixtures and mercury-added products as defined in Article 2 of Regulation (EU) 2017/852 of the European Parliament and of the Council ( 1 ) ;
(c)
substances, whether on their own, in mixture or in articles, listed in Annexes I or II to Regulation (EU) 2024/590 of the European Parliament and of the Council ( 2 ) , except for any of the following:
(i)
substances listed in Annex I to that Regulation under the conditions of exemptions that apply under that Regulation;
(ii)
substances listed in Annex II to that Regulation for the type of uses permitted for substances listed in Annex I to that Regulation;
(iii)
substances listed in Annex II to that Regulation that are used in fire extinguishers on aircraft or in fire protection systems on aircraft;
(d)
substances, whether on their own, in mixtures or in articles, listed in Annex II to Directive 2011/65/EU, except where there is full compliance with the applications listed in Annexes III and IV of that Directive;
(e)
substances, whether on their own, in mixtures or in an article, listed in Annex XVII to Regulation (EC) No 1907/2006, except where there is full compliance with the conditions specified in that Annex;
(f)
substances, whether on their own, or in mixtures or in an article, in a concentration above 0,1 % weight by weight (w/w), and meeting the criteria laid down in Article 57 of Regulation (EC) No 1907/2006 and that were identified in accordance with Article 59(1) of that Regulation for a period of at least 18 months, except if it is assessed and documented by the operators that no other suitable alternative substances or technologies are available on the market, and that they are used under controlled conditions.
’
( 1 ) Regulation (EU) 2017/852 of the European Parliament and of the Council of 17 May 2017 on mercury, and repealing Regulation (EC) No 1102/2008 ( OJ L 137, 24.5.2017, p. 1 , ELI: http://data.europa.eu/eli/reg/2017/852/oj ).
( 2 ) Regulation (EU) 2024/590 of the European Parliament and of the Council of 7 February 2024 on substances that deplete the ozone layer, and repealing Regulation (EC) No 1005/2009 ( OJ L, 2024/590, 20.2.2024, ELI: http://data.europa.eu/eli/reg/2024/590/oj ).
Amendments to Annex II to Delegated Regulation (EU) 2021/2139
ANNEX XIIISupplementary provisions
ANNEX XIII
Amendments to Annex II to Delegated Regulation (EU) 2021/2139
Appendix C to Annex II to Delegated Regulation (EU) 2021/2139 is replaced by the following:
‘Appendix C
GENERIC CRITERIA FOR DNSH TO POLLUTION PREVENTION AND CONTROL REGARDING USE AND PRESENCE OF CHEMICALS
The activity does not lead to the manufacture, placing on the market or use of:
(a)
substances, whether on their own, in mixtures or in articles, listed in Annexes I or II to Regulation (EU) 2019/1021, except in the case of substances present as an unintentional trace contaminant;
(b)
mercury and mercury compounds, their mixtures and mercury-added products as defined in Article 2 of Regulation (EU) 2017/852;
(c)
substances, whether on their own, in mixture or in articles, listed in Annexes I or II to Regulation (EU) 2024/590, except for any of the following:
(i)
substances listed in Annex I to that Regulation under the conditions of exemptions that apply under that Regulation;
(ii)
substances listed in Annex II to that Regulation for the type of uses permitted for substances listed in Annex I to that Regulation;
(iii)
substances listed in Annex II to that Regulation that are used in fire extinguishers on aircraft or in fire protection systems on aircraft;
(d)
substances, whether on their own, in mixtures or in an articles, listed in Annex II to Directive 2011/65/EU, except where there is full compliance with the applications listed in Annexes III and IV of that Directive;
(e)
substances, whether on their own, in mixtures or in an article, listed in Annex XVII to Regulation (EC) No 1907/2006, except where there is full compliance with the conditions specified in that Annex;
(f)
substances, whether on their own, or in mixtures or in an article, in a concentration above 0,1 % weight by weight (w/w), and meeting the criteria laid down in Article 57 of Regulation (EC) No 1907/2006 and that were identified in accordance with Article 59(1) of that Regulation for a period of at least 18 months, except if it is assessed and documented by the operators that no other suitable alternative substances or technologies are available on the market, and that they are used under controlled conditions.’
Amendments to Annex I to Delegated Regulation (EU) 2023/2486
ANNEX XIVSupplementary provisions
ANNEX XIV
Amendments to Annex I to Delegated Regulation (EU) 2023/2486
Appendix C to Annex I to Delegated Regulation (EU) 2023/2486 is replaced by the following:
‘Appendix C
Generic criteria for DNSH to pollution prevention and control regarding use and presence of chemicals
The activity does not lead to the manufacture, placing on the market or use of:
(a)
substances, whether on their own, in mixtures or in articles, listed in Annexes I or II to Regulation (EU) 2019/1021 of the European Parliament and of the Council ( 1 ) , except in the case of substances present as an unintentional trace contaminant;
(b)
mercury and mercury compounds, their mixtures and mercury-added products as defined in Article 2 of Regulation (EU) 2017/852 of the European Parliament and of the Council ( 2 ) ;
(c)
substances, whether on their own, in mixture or in articles, listed in Annexes I or II to Regulation (EU) 2024/590 of the European Parliament and of the Council ( 3 ) , except for any of the following:
(i)
substances listed in Annex I to that Regulation under the conditions of exemptions that apply under that Regulation;
(ii)
substances listed in Annex II to that Regulation for the type of uses permitted for substances listed in Annex I to that Regulation;
(iii)
substances listed in Annex II to that Regulation that are used in fire extinguishers on aircraft or in fire protection systems on aircraft;
(d)
substances, whether on their own, in mixtures or in articles, listed in Annex II to Directive 2011/65/EU, except where there is full compliance with the applications listed in Annexes III and IV of that Directive;
(e)
substances, whether on their own, in mixtures or in an article, listed in Annex XVII to Regulation (EC) No 1907/2006 of the European Parliament and of the Council ( 4 ) , except where there is full compliance with the conditions specified in that Annex;
(f)
substances, whether on their own, or in mixtures or in an article, in a concentration above 0,1 % weight by weight (w/w), and meeting the criteria laid down in Article 57 of Regulation (EC) No 1907/2006 and that were identified in accordance with Article 59(1) of that Regulation for a period of at least 18 months, except if it is assessed and documented by the operators that no other suitable alternative substances or technologies are available on the market, and that they are used under controlled conditions.
’.
( 1 ) Regulation (EU) 2019/1021 of the European Parliament and of the Council of 20 June 2019 on persistent organic pollutants ( OJ L 169, 25.6.2019, p. 45 , ELI: http://data.europa.eu/eli/reg/2019/1021/oj ).
( 2 ) Regulation (EU) 2017/852 of the European Parliament and of the Council of 17 May 2017 on mercury, and repealing Regulation (EC) No 1102/2008 ( OJ L 137, 24.5.2017, p. 1 , ELI: http://data.europa.eu/eli/reg/2017/852/oj ).
( 3 ) Regulation (EU) 2024/590 of the European Parliament and of the Council of 7 February 2024 on substances that deplete the ozone layer, and repealing Regulation (EC) No 1005/2009 ( OJ L, 2024/590, 20.2.2024, ELI: http://data.europa.eu/eli/reg/2024/590/oj ).
( 4 ) Regulation (EC) No 1907/2006 of the European Parliament and of the Council of 18 December 2006 concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), establishing a European Chemicals Agency, amending Directive 1999/45/EC and repealing Council Regulation (EEC) No 793/93 and Commission Regulation (EC) No 1488/94 as well as Council Directive 76/769/EEC and Commission Directives 91/155/EEC, 93/67/EEC, 93/105/EC and 2000/21/EC. ( OJ L 396, 30.12.2006, p. 1 , ELI: http://data.europa.eu/eli/reg/2006/1907/oj ).
Amendments to Annex II to Delegated Regulation (EU) 2023/2486
ANNEX XVSupplementary provisions
ANNEX XV
Amendments to Annex II to Delegated Regulation (EU) 2023/2486
Appendix C to Annex II to Delegated Regulation (EU) 2023/2486 is replaced by the following:
‘Appendix C
Generic criteria for DNSH to pollution prevention and control regarding use and presence of chemicals
The activity does not lead to the manufacture, placing on the market or use of:
(a)
substances, whether on their own, in mixtures or in articles, listed in Annexes I or II to Regulation (EU) 2019/1021, except in the case of substances present as an unintentional trace contaminant;
(b)
mercury and mercury compounds, their mixtures and mercury-added products as defined in Article 2 of Regulation (EU) 2017/852;
(c)
substances, whether on their own, in mixture or in articles, listed in Annexes I or II to Regulation (EU) 2024/590, except for any of the following:
(i)
substances listed in Annex I to that Regulation under the conditions of exemptions that apply under that Regulation;
(ii)
substances listed in Annex II to that Regulation for the type of uses permitted for substances listed in Annex I to that Regulation;
(iii)
substances listed in Annex II to that Regulation that are used in fire extinguishers on aircraft or in fire protection systems on aircraft;
(d)
substances, whether on their own, in mixtures or in an articles, listed in Annex II to Directive 2011/65/EU, except where there is full compliance with the applications listed in Annexes III and IV of that Directive;
(e)
substances, whether on their own, in mixtures or in an article, listed in Annex XVII to Regulation (EC) No 1907/2006, except where there is full compliance with the conditions specified in that Annex;
(f)
substances, whether on their own, or in mixtures or in an article, in a concentration above 0,1 % weight by weight (w/w), and meeting the criteria laid down in Article 57 of Regulation (EC) No 1907/2006 and that were identified in accordance with Article 59(1) of that Regulation for a period of at least 18 months, except if it is assessed and documented by the operators that no other suitable alternative substances or technologies are available on the market, and that they are used under controlled conditions.
’
Amendments to Annex IV to Delegated Regulation (EU) 2023/2486
ANNEX XVISupplementary provisions
ANNEX XVI
Amendments to Annex IV to Delegated Regulation (EU) 2023/2486
Appendix C to Annex IV to Delegated Regulation (EU) 2023/2486 is replaced by the following:
‘Appendix C
Generic criteria for DNSH to pollution prevention and control regarding use and presence of chemicals
The activity does not lead to the manufacture, placing on the market or use of:
(a)
substances, whether on their own, in mixtures or in articles, listed in Annexes I or II to Regulation (EU) 2019/1021, except in the case of substances present as an unintentional trace contaminant;
(b)
mercury and mercury compounds, their mixtures and mercury-added products as defined in Article 2 of Regulation (EU) 2017/852;
(c)
substances, whether on their own, in mixture or in articles, listed in Annexes I or II to Regulation (EU) 2024/590, except for any of the following:
(i)
substances listed in Annex I to that Regulation under the conditions of exemptions that apply under that Regulation;
(ii)
substances listed in Annex II to that Regulation for the type of uses permitted for substances listed in Annex I to that Regulation;
(iii)
substances listed in Annex II to that Regulation that are used in fire extinguishers on aircraft or in fire protection systems on aircraft;
(d)
substances, whether on their own, in mixtures or in an articles, listed in Annex II to Directive 2011/65/EU, except where there is full compliance with the applications listed in Annexes III and IV of that Directive;
(e)
substances, whether on their own, in mixtures or in an article, listed in Annex XVII to Regulation (EC) No 1907/2006, except where there is full compliance with the conditions specified in that Annex;
(f)
substances, whether on their own, or in mixtures or in an article, in a concentration above 0,1 % weight by weight (w/w), and meeting the criteria laid down in Article 57 of Regulation (EC) No 1907/2006 and that were identified in accordance with Article 59(1) of that Regulation for a period of at least 18 months, except if it is assessed and documented by the operators that no other suitable alternative substances or technologies are available on the market, and that they are used under controlled conditions.
’
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.
