( July 4, 2025, 15:11 GMT | Official Statement) — MLex Summary: Financial and non-financial companies may be exempt from certain reporting obligations under the EU’s classification system for sustainable economic activities, known as the EU Taxonomy, the European Commission stated today in its new delegated act. Businesses will no longer have to assess their economic activities’ alignment with the taxonomy if those activities are not financially material to their operations, the commission stated. The number of reporting template data points will be reduced by 89 percent for financial companies, and by 64 percent for non-financial. The initiative is part of the EU’s broader Omnibus simplification agfinisha aimed at reducing the administrative burden while preserving core sustainability objectives.Full press release follows, delegated act attached:…
Prepare for tomorrow’s regulatory alter, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice requireds
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing toobtainher news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.
Leave a Reply