Financial & Insurance

The current EU Taxonomy Compass lists two activities in this sector: non-life insurance underwriting of climate-related perils, and reinsurance of risks stemming from those perils. The official activity descriptions associate them with NACE K65.12 and K65.20 respectively.

Each activity is assessed against its applicable technical screening criteria for climate change adaptation. Taxonomy alignment also requires compliance with the do-no-significant-harm criteria and minimum safeguards; inclusion in the catalog does not by itself establish alignment.