Delegated Regulation on specifying content and information 2021/2178

Commission Delegated Regulation (EU) 2021/2178 of July 6, 2021, supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council on specifying the content and information published by businesses that apply to 19a or 29a of Directive 2013 /34/EU as regards environmentally sustainable activities, and clarification of the methodology for fulfilling the stated obligation to publish (Text with meaning for the EEA).

This regulation enters into force on the twentieth day after its publication in the Official Journal of the European Union.

Publication date

10. 12. 2021

This regulation supplements Regulation (EU) 2020/852 of the European Parliament and of the Council and specifies:

• Content and presentation of information, which must be disclosed by undertakings covered by Article 19a or 29a of Directive 2013/34/EU as regards environmentally sustainable economic activities.
• Methodology, which businesses must use to fulfill this disclosure obligation.

The regulation introduces specific key performance indicators (KPIs) for financial and non-financial enterprises and establishes the methodology for their calculation.

Non-financial enterprises they must disclose KPIs relating to:

• turnover
• capital expenditures
• operating expenses

These KPIs express what proportion of their activities are aligned with the taxonomy environmentally sustainable activities. They must also disclose breakdown of these KPIs according to environmental goals, to which their activities contribute.

Financial enterprises (asset managers, credit institutions, investment companies and insurance and reinsurance companies) must publish specific KPIs relevant to their business model.

The regulation also provides disclosure rules information common to all businesses.

The Regulation enters into force 20 days after its publication in the Official Journal of the European Union. The obligation to publish KPIs begins for non-financial enterprises 1 January 2023 and for financial enterprises 1 January 2024.

Commission review the application regulations until June 30, 2024 and will assess in particular the need for changes in relation to the inclusion of exposures to central governments, central banks and non-disclosing non-financial corporations.