Regulatory Timeline
Key milestones in the EU Taxonomy from the 2020 framework regulation through delegated acts, reporting deadlines, and the 2025 simplification proposals.
TEG Final Report Published
The Technical Expert Group on Sustainable Finance delivers its final recommendations on the Taxonomy, including proposed technical screening criteria for climate objectives.
Taxonomy Regulation Enters into Force
Regulation (EU) 2020/852 is published in the Official Journal, establishing the legal framework for the EU classification system for environmentally sustainable activities.
Climate Delegated Act Adopted
The European Commission adopts the first Delegated Act, defining technical screening criteria for climate change mitigation (approximately 70 activities) and climate change adaptation (approximately 68 activities) across 13 economic sectors.
Article 8 Delegated Act Adopted
Specifies the content, methodology, and presentation of taxonomy-related disclosures by non-financial and financial undertakings under Article 8 of the Taxonomy Regulation.
First Eligibility Reporting - Climate Objectives
Large companies in scope of the Non-Financial Reporting Directive (NFRD) must disclose for the first time what proportion of their activities are taxonomy-eligible under mitigation and adaptation.
Complementary Climate Delegated Act
Adds nuclear energy and natural gas activities to the Taxonomy under specific conditions, including strict emission thresholds and transition requirements.
Platform on Sustainable Finance Report
The Platform publishes its final report on social taxonomy and extended environmental taxonomy, informing future legislative development.
First Alignment Reporting - Mitigation & Adaptation
In-scope companies report for the first time not only eligibility but also alignment with the mitigation and adaptation objectives, including the three KPIs: turnover, CAPEX, and OPEX.
Environmental Delegated Act Adopted
Technical screening criteria for the remaining four objectives - water, circular economy, pollution prevention, and biodiversity - are formally adopted, completing the initial Taxonomy framework.
CSRD Begins to Apply
The Corporate Sustainability Reporting Directive starts applying to the first wave of companies (large public-interest entities with 500+ employees), replacing the NFRD.
Eligibility Reporting - All 6 Objectives
Companies must now report eligibility against all six environmental objectives, including the newly adopted water, circular economy, pollution, and biodiversity criteria.
CSRD Second Wave Begins
Large companies meeting two of three thresholds (250 employees, EUR 50M turnover, EUR 25M assets) begin reporting under CSRD for FY 2024.
Full Alignment Reporting - Non-Financial Companies
Non-financial companies report taxonomy alignment for all six environmental objectives. This is the first year where the complete Taxonomy framework is reflected in corporate disclosures.
Omnibus Simplification Proposed
The European Commission proposes the Omnibus package to streamline reporting: taxonomy reporting becomes voluntary for companies with fewer than 1,000 employees, and DNSH assessments are simplified.
Full Reporting - Financial Institutions
Banks, insurers, and asset managers begin full taxonomy alignment reporting, including the Green Asset Ratio (GAR) and Green Investment Ratio (GIR). This completes the reporting chain from companies to financial products.
Omnibus Package Adoption
The co-legislators (Parliament and Council) are expected to finalise the Omnibus simplification measures, defining the long-term reporting landscape for the Taxonomy.
Understand the Regulation
Read the complete guide covering legal basis, objectives, alignment conditions, and how the Taxonomy interacts with CSRD and SFDR.