The European Parliament's Committee on Economic and Monetary Affairs (ECON) and Committee on the Environment, Public Health and Food Safety (ENVI) scheduled an exchange of views with Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investments Union, on the European Commission’s draft delegated regulation to amend three delegated acts under the EU Taxonomy Regulation covering disclosures, climate and environmental objectives. Published for consultation on 26 February 2025 as part of the Omnibus I simplification package on sustainability reporting and due diligence, the draft aims to reduce and simplify company reporting. Key proposals include introducing a financial materiality threshold, updating disclosure templates, adjusting the Green Asset Ratio for banks by excluding exposures to companies outside the future proposed scope of the Corporate Sustainability Reporting Directive, and simplifying the “Do no Significant harm” criteria for pollution prevention and control related to the use and presence of chemicals. The exchange of views is scheduled for 8 April 2025 from 17:00 to 18:00. The Commission plans to adopt the delegated act during April 2025, after which a four-month scrutiny period by the European Parliament and the Council would begin.
Committee on Economic and Monetary Affairs 2025-04-02
European Parliament's Committee on Economic and Monetary Affairs and Committee on the Environment, Public Health and Food Safety set exchange of views with Commissioner Albuquerque on draft EU Taxonomy amendments
The European Parliament's Committees on Economic and Monetary Affairs and Environment, Public Health and Food Safety will discuss the European Commission’s draft regulation amending three acts under the EU Taxonomy Regulation. Part of the Omnibus I simplification package, it aims to streamline company reporting by introducing a financial materiality threshold, updating disclosure templates, and adjusting the Green Asset Ratio for banks. The Commission plans to adopt it in April 2025, followed by a four-month scrutiny period by the European Parliament and the Council.