What changed, Commission Delegated Regulation (EU) 2021/2178 of 6 July 2021 supplementing Regulation (EU) 2020/852
2023-01-01 → 2024-01-01 · no interpretation, just the text delta
| on 2023-01-01 | eu-eurlex:32021r2178:2023-01-01 (2023-01-01 → 2023-12-31) · official source ↗ |
| on 2024-01-01 | eu-eurlex:32021r2178:2024-01-01 (2024-01-01 → 2025-12-31) · official source ↗ |
Open the structured article comparison → matched by provision anchor, with changed, added, removed and unchanged articles separated
695 line(s) in the old middle, 807 in the new; 171 unchanged leading and 87 trailing lines trimmed.
+ **6.** From 1 January 2024 until 31 December 2024, non-financial undertakings shall only disclose the proportion of Taxonomy-eligible and Taxonomy non-eligible economic activities pursuant to Delegated Regulation (EU) 2023/2486 and Sections 3.18 to 3.21, Sections 6.18 to 6.20 of Annex I to Delegated… + + The key performance indicators of non-financial undertakings shall cover the economic activities set out in Delegated Regulation (EU) 2023/2486 and Sections 3.18 to 3.21, Sections 6.18 to 6.20 of Annex I to Delegated Regulation (EU) 2021/2139 and Sections 5.13, 7.8, 8.4, 9.3, 14.1 and 14.2 of Annex … + + **7.** From 1 January 2024 until 31 December 2025, financial undertakings shall only disclose: + + (a) the proportion in their covered assets of exposures to Taxonomy non-eligible and Taxonomy-eligible economic activities pursuant to Delegated Regulation (EU) 2023/2486 and Sections 3.18 to 3.21, Sections 6.18 to 6.20 of Annex I to Delegated Regulation (EU) 2021/2139 and Sections 5.13, 7.8, 8.4, 9… + + (b) the qualitative information referred to in Annex XI relating to economic activities referred to in point (a). + + The key performance indicators of financial undertakings shall cover the economic activities set out in Delegated Regulation (EU) 2023/2486 and Sections 3.18 to 3.21, Sections 6.18 to 6.20 of Annex I to Delegated Regulation (EU) 2021/2139 and Sections 5.13, 7.8, 8.4, 9.3, 14.1 and 14.2 of Annex II t… + + The numerator equals to the part of the capital expenditure included in the denominator that is any of the following:The CapEx plan referred to in the first paragraph of this point 1.1.2.2 shall meet the following conditions:Where the relevant technical screening criteria are amended before the comp… − The numerator equals to the part of the capital expenditure included in the denominator that is any of the following:The CapEx plan referred to in the first paragraph of this point 1.1.2.2 shall meet the following conditions:Where the relevant technical screening criteria are amended before the comp… + The numerator equals to the part of the operating expenditure included in the denominator that is any of the following:The CapEx planreferred to in the first paragraph of this point 1.1.3.2 shall meet the conditions specified in point 1.1.2.2 of this Annex.Research and development costs already acco… − The numerator equals to the part of the operating expenditure included in the denominator that is any of the following:The CapEx planreferred to in the first paragraph of this point 1.1.3.2 shall meet the conditions specified in point 1.1.2.2 of this Annex.Research and development costs already acco… + Non-financial undertakings shall explain:For turnover and capital expenditure, non-financial undertakings shall include references to the related line items in the financial statements.Where the application of any calculations has changed since the previous reporting period, non-financial undertakin… − Non-financial undertakings shall explain:For turnover and capital expenditure, non-financial undertakings shall include references to the related line items in the non-financial statements;Where the application of any calculations has changed since the previous reporting period, non-financial undert… + (e) non-financial undertakings shall identify Taxonomy-non-eligible economic activities and disclose the proportion in the denominator of the turnover, CapEx and OpEx KPIs of those economic activities at the level of the undertaking or group; − (e) non-financial undertakings shall identify Taxonomy-non-eligible economic activities and disclose the proportion in the denominator of the turnover KPI of those economic activities at the level of the undertaking or group; − − [other image: L_2021443EN.01002401.tif][other image: L_2021443EN.01002501.tif][other image: L_2021443EN.01002601.tif]Column 21 should be filled in for transitional activities contributing to the climate change mitigation.For activities listed under A2, columns 5 to 17 may be filled in on a voluntary… + | **Financial year N** | **Year** | **Substantial contribution criteria** | **DNSH criteria (‘Does Not Significantly Harm’)** | | | | | | | | | | | | | | | | | + | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | + | **Economic Activities (1)** | **Code****(2)** | **Turnover (3)** | **Proportion of Turnover, year N (4)** | **Climate Change Mitigation (5)** | **Climate Change Adaptation (6)** | **Water (7)** | **Pollution (8)** | **Circular Economy (9)** | **Biodiversity (10)** | **Climate Change Mitigation (11… + | *Text* | | *Currency* | *%* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *%* | *E* | *T* | + | A.**TAXONOMY-ELIGIBLE ACTIVITIES** | | | | | | | | | | | | | | | | | | | | + | A.1.**Environmentally sustainable activities (Taxonomy-aligned)** | | | | | | | | | | | | | | | | | | | | + | Activity 1 | | | % | | | | | | | Y | Y | Y | Y | Y | Y | Y | % | | | + | Activity 1 | | | % | | | | | | | Y | Y | Y | Y | Y | Y | Y | % | E | | + | Activity 2 | | | % | | | | | | | Y | Y | Y | Y | Y | Y | Y | % | | T | + | **Turnover of environmentally sustainable activities (Taxonomy-aligned) (A.1)** | | **%** | **%** | **%** | **%** | **%** | **%** | **%** | **Y** | **Y** | **Y** | **Y** | **Y** | **Y** | **Y** | **%** | | | | + | **Of which enabling** | | % | % | % | % | % | % | % | Y | Y | Y | Y | Y | Y | Y | % | E | | | + | **Of which transitional** | | % | % | | | | | | Y | Y | Y | Y | Y | Y | Y | % | | T | | + | A.2.**Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities)** | | | | | | | | | | | | | | | | | | | | + | | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | | | | | | | | | | | | | | + | Activity 1 | | | % | *EL* | *EL* | | | *EL* | | | | | | | | | % | | | + | **Turnover of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)** | | % | % | % | % | % | % | % | | | | | | | | % | | | | + | A.**Turnover of Taxonomy-eligible activities *(A.1+A.2)*** | | % | % | % | % | % | % | % | | | | | | | | | | | | + | B.**TAXONOMY-NON-ELIGIBLE ACTIVITIES** | | | | | | | | | | | | | | | | | | | | + | **Turnover of Taxonomy-non-eligible activities** | | % | | | | | | | | | | | | | | | | | | + | **TOTAL** | | **100 %** | | | | | | | | | | | | | | | | | | − [other image: L_2021443EN.01002701.tif][other image: L_2021443EN.01002801.tif][other image: L_2021443EN.01002901.tif]For activities listed under A2, columns 5 to 17 may be filled in on a voluntary basis by non-financial undertakings + | **Financial year N** | **Year** | **Substantial contribution criteria** | **DNSH criteria (‘Does Not Significantly Harm’)** | | | | | | | | | | | | | | | | | + | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | + | **Economic Activities (1)** | **Code****(2)** | **CapEx (3)** | **Proportion of CapEx, year N (4)** | **Climate Change Mitigation (5)** | **Climate Change Adaptation (6)** | **Water (7)** | **Pollution (8)** | **Circular Economy(9)** | **Biodiversity(10)** | **Climate Change Mitigation (11)** | **… + | *Text* | | *Currency* | *%* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *%* | *E* | *T* | + | A.**TAXONOMY-ELIGIBLE ACTIVITIES** | | | | | | | | | | | | | | | | | | | | + | A.1.**Environmentally sustainable activities (Taxonomy-aligned)** | | | | | | | | | | | | | | | | | | | | + | Activity 1 | | | % | | | | | | | Y | Y | Y | Y | Y | Y | Y | % | | | + | Activity 1 | | | % | | | | | | | Y | Y | Y | Y | Y | Y | Y | % | E | | + | Activity 2 | | | % | | | | | | | Y | Y | Y | Y | Y | Y | Y | % | | T | + | **CapEx of environmentally sustainable activities (Taxonomy-aligned) (A.1)** | | **%** | **%** | **%** | **%** | **%** | **%** | **%** | **Y** | **Y** | **Y** | **Y** | **Y** | **Y** | **Y** | **%** | | | | + | **Of which enabling** | | % | % | % | % | % | % | % | Y | Y | Y | Y | Y | Y | Y | % | E | | | + | **Of which transitional** | | % | % | | | | | | Y | Y | Y | Y | Y | Y | Y | % | | T | | + | A.2.**Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities)** | | | | | | | | | | | | | | | | | | | | + | | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | | | | | | | | | | | | | | + | Activity 1 | | | % | | | | | | | | | | | | | | % | | | + | **CapEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)** | | % | % | % | % | % | % | % | | | | | | | | % | | | | + | A.**CapEx of Taxonomy-eligible activities *(A.1+A.2)*** | | % | % | % | % | % | % | % | | | | | | | | | | | | + | B.**TAXONOMY-NON-ELIGIBLE ACTIVITIES** | | | | | | | | | | | | | | | | | | | | + | **CapEx of Taxonomy-non-eligible activities** | | % | | | | | | | | | | | | | | | | | | + | **TOTAL** | | **100 %** | | | | | | | | | | | | | | | | | | − [other image: L_2021443EN.01003001.tif][other image: L_2021443EN.01003101.tif][other image: L_2021443EN.01003201.tif]For activities listed under A2, columns 5 to 17 may be filled in on a voluntary basis by non-financial undertakings + + | **Financial year N** | **Year** | **Substantial contribution criteria** | **DNSH criteria (‘Does Not Significantly Harm’)** | | | | | | | | | | | | | | | | | + | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | + | **Economic Activities (1)** | **Code****(2)** | **OpEx (3)** | **Proportion of OpEx, year N (4)** | **Climate Change Mitigation (5)** | **Climate Change Adaptation (6)** | **Water (7)** | **Pollution (8)** | **Circular Economy (9)** | **Biodiversity (10)** | **Climate Change Mitigation (11)** | **… + | *Text* | | *Currency* | *%* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y; N; N/EL* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *Y/N* | *%* | *E* | *T* | + | A.**TAXONOMY-ELIGIBLE ACTIVITIES** | | | | | | | | | | | | | | | | | | | | + | A.1.**Environmentally sustainable activities (Taxonomy-aligned)** | | | | | | | | | | | | | | | | | | | | + | Activity 1 | | | % | | | | | | | Y | Y | Y | Y | Y | Y | Y | % | | | + | Activity 1 | | | % | | | | | | | Y | Y | Y | Y | Y | Y | Y | % | E | | + | Activity 2 | | | % | | | | | | | Y | Y | Y | Y | Y | Y | Y | % | | T | + | **OpEx of environmentally sustainable activities (Taxonomy-aligned) (A.1)** | | **%** | **%** | **%** | **%** | **%** | **%** | **%** | **Y** | **Y** | **Y** | **Y** | **Y** | **Y** | **Y** | **%** | | | | + | **Of which enabling** | | % | % | % | % | % | % | % | Y | Y | Y | Y | Y | Y | Y | % | E | | | + | **Of which transitional** | | % | % | | | | | | Y | Y | Y | Y | Y | Y | Y | % | | T | | + | A.2.**Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities)** | | | | | | | | | | | | | | | | | | | | + | | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | *EL; N/EL* | | | | | | | | | | | | | | + | Activity 1 | | | % | | | | | | | | | | | | | | % | | | + | **OpEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)** | | % | % | % | % | % | % | % | | | | | | | | % | | | | + | A.**OpEx of Taxonomy eligible activities *(A.1+A.2)*** | | % | % | % | % | % | % | % | | | | | | | | | | | | + | B.**TAXONOMY-NON-ELIGIBLE ACTIVITIES** | | | | | | | | | | | | | | | | | | | | + | **OpEx of Taxonomy-non-eligible activities** | | % | | | | | | | | | | | | | | | | | | + | **TOTAL** | | **100 %** | | | | | | | | | | | | | | | | | | + The numerator shall consist of a weighted average of the value of investments in Taxonomy-aligned economic activities of investee companies. The weighted average of the value of investments shall be based on the proportion of taxonomy-aligned economic activities of investee companies measured by the… − The numerator shall consist of a weighted average of the value of investments in Taxonomy-aligned economic activities of investee companies. The weighted average of the value of investments shall be based on the proportion of taxonomy-aligned economic activities of investee companies measured by the… + | The proportion of **exposures to other counterparties and assets over** total assets covered by the KPI:X % | Value **of exposures to other counterparties and assets:**[monetary amount] | | − | The proportion of **exposures to other counterparties over** total assets covered by the KPI:X % | Value of **exposures to other counterparties**:[monetary amount] | | + | The proportion of **Taxonomy-aligned exposures to other counterparties and assets** over total assets covered by the KPI:Turnover-based: %Capital expenditures-based: % | Value of **Taxonomy-aligned exposures to other counterparties and assets**:Turnover-based: [monetary amount]Capital expenditures… − | The proportion of **taxonomy-aligned exposures to other counterparties in** over total assets covered by the KPI:Turnover-based: %Capital expenditures-based: % | Value of **taxonomy-aligned exposures to other counterparties**:Turnover-based: [monetary amount]Capital expenditures-based: [monetary a… + The calculation of the green asset ratio (GAR) for on-balance sheet exposures shall cover the following accounting categories of financial assets, including loans and advances, debt securities, equity instruments and repossessed collaterals:The exposures referred to in Article 7(1) of this Regulatio… − The calculation of the green asset ratio (GAR) for on-balance sheet exposures shall cover the following accounting categories of financial assets, including loans and advances, debt securities, equity holdings and repossessed collaterals:The exposures referred to in Article 7(1) of this Regulation s… + + (c) exposures to undertakings that are not obliged to publish non-financial information pursuant to Article 19a or 29a of Directive 2013/34/EU; + + (d) derivatives; + + (e) cash and cash-related assets; + (f) other categories of assets (such as goodwill, commodities, etc.). − (c) exposures to undertakings that are not obliged to publish non-financial information pursuant to Article 19a or 29a of Directive 2013/34/EU. + The GAR shall show the proportion of the of credit institution’s assets financing and invested in taxonomy-aligned economic activities as a proportion of total covered assets in accordance with point 1.1.2 of this Annex.The GAR shall be based on the exposures and balance sheet according to the scope… − The GAR shall show the proportion of the of credit institution’s assets financing and invested in taxonomy-aligned economic activities as a proportion of total covered assets in accordance with point 1.1.2 of this Annex.The GAR shall be based on the exposures and balance sheet according to the scope… + Credit institutions shall disclose the GAR for the stock of loans, debt securities and equity instruments and the flow for new lending. Credit institutions shall follow the following steps to calculate the GAR for each environmental objective. − Credit institutions shall disclose the GAR for the stock of loans, debt securities and equity holdings and the flow for new lending. Credit institutions shall follow the following steps to calculate the GAR for each environmental objective. + | Climate change mitigation(CCM) | Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of climate change mitigation as compared to total loans to/debt securities/equity instruments of non-financial undertakings and all… + | | | | | + | | | | | + | Climate change adaptation(CCA) | Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of climate change adaptation compared to total loans to/debt securities/equity instruments of non-financial undertakings and all ot… + | | | | | + | | | | | + | Water and marine resources(WTR) | Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of sustainable use and protection of water and marine resources compared to total loans to/debt securities/equity instruments of n… + | | | | | + | | | | | + | Circular economy(CE) | Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of transition to a circular economy compared to total loans to/debt securities/equity instruments of non-financial undertakings and all other… + | | | | | + | | | | | + | Pollution(PPC) | Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of pollution prevention control compared to total loans to/debt securities/equity instruments of non-financial undertakings and all other covered o… + | | | | | − | Climate change mitigation | Proportion of loans and advances/debt securities/equity instruments financing taxonomy-eligible economic activities for the objective of climate change mitigation as compared to total loans to/debt securities/equity instruments of non-financial undertakings and all othe… − | | **Of which: enabling activities Of which: enabling activities Of which transitional activities Of which transitional activities** | | | − | Stock and flow | | | | − | Climate change adaptation | Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of climate change adaptation compared to total loans to/debt securities/equity instruments of non-financial undertakings and all other c… − | | **Of which: enabling activities Of which enabling activities****Of which adaptation activities Of which transitional activities** | | | − | Stock and flow | | | | − | Other environmental activities | Same ratios for each of the other four environmental objectives should be disclosed, once the screening criteria are defined. That is: the sustainable use and protection of water and marine resources; the transition to a circular economy; pollution prevention and c… + | Biodiversity and Ecosystems(BIO) | Proportion of loans and advances/debt securities/equity instruments financing Taxonomy-eligible economic activities for the objective of protection and restoration of biodiversity and ecosystems compared to total loans to/debt securities/equity instruments of non… + Credit institutions shall use and disclose the following items for the calculation of the GAR for this type of exposures:The amount for the purpose of (1)(c) shall be calculated by using the following formula 1(c) = (1)(c)(1) + (1)(c)(2) where:For the purposes of point (1)(c)(1), credit institutions… − Credit institutions shall use and disclose the following items for the calculation of the GAR for this type of exposures:The amount for the purpose of (1)(c) shall be calculated by using the following formula 1(c) = (1)(c)(1) + (1)(c)(2) where:For the purposes of point (1)(c)(1), credit institutions… + **(i)GAR for lending activities to non-financial undertakings (loans and advances – GAR L&A)** − **(i)GAR for lending activities to equity holdings of non-financial undertakings for loans and advances (GAR L&A)** + - (1)(c)(1) represents loans and advances where the use of proceeds is known, including specialised lending as referred to in Article 147(8) of Regulation (EU) No 575/2013; (1)(c)(1) represents loans and advances where the use of proceeds is known, including specialised lending as referred to in Art… − (1)(c)(1) represents loans and advances where the use of proceeds is known, including specialised lending – project finance loans as referred to in Annex V to Commission Implementing Regulation (EU) No 680/2014; + - (1)(c)(2) represents loans and advances where the use of proceeds is unknown (general loans). (1)(c)(2) represents loans and advances where the use of proceeds is unknown (general loans). − (1)(c)(2) represents loans and advances where the use of proceeds is unknown (general loans). + - (2)(c)(1)(a) the total gross carrying amount of exposures to environmentally sustainable bonds issued in accordance with Union legislation. Current bond issuances qualified as green bonds by issuers whose use of proceeds have to be invested in Taxonomy-eligible economic activities shall be assesse… − (2)(c)(1)(a) Credit institutions shall consider the total gross carrying amount of exposures to environmentally sustainable bonds issued in accordance with Union legislation. Current bond issuances qualified as green bonds by issuers whose use of proceeds have to be invested in taxonomy-eligible eco… + - (2)(c)(1)(b) the gross carrying amount of debt securities invested in exposures where the use of proceeds is known, including specialised lending exposures, to the extent that the activities financed are Taxonomy-aligned economic activities. The assessment shall be based on specific information pr… − (2)(c)(1)(b) Credit institutions shall consider the gross carrying amount of debt securities invested in project finance exposures, to the extent that the activities of the project funded are taxonomy-aligned economic activities. The assessment shall be based on specific information provided by the … + **(iii)Green asset ratio for equity instruments of credit institutions in non-financial undertakings (GAR EH)** − **(iii)Green asset ratio for equity holdings of credit institutions in non-financial undertakings (GAR EH)** + (a) the proportion of equity instruments in non-financial undertakings performing taxonomy-eligible economic activities compared to total equity instruments in non-financial undertakings. The numerator shall cover the gross carrying amount of the equity instruments not held for trading that comprise… − (a) the proportion of equity holdings in non-financial undertakings performing taxonomy-eligible economic activities compared to total equity holdings in non-financial undertakings. The numerator shall cover the gross carrying amount of the equity holdings not held for trading that comprise financia… + (b) the proportion of equity instruments in non-financial undertakings performing taxonomy-aligned economic activities compared to equity instruments in those non-financial undertakings performing taxonomy-eligible economic activities. The numerator equals to the gross carrying amount of the equity … − (b) the proportion of equity holdings in non-financial undertakings performing taxonomy-aligned economic activities compared to equity holdings in those non-financial undertakings performing taxonomy-eligible economic activities. The numerator equals to the gross carrying amount of the equity holdin… + (c) **GAR EH** = Proportion of equity instruments in non-financial undertakings financing taxonomy-aligned economic activities compared to total equity instruments in non-financial undertakings. The numerator shall equals to the gross carrying amount of the equity instruments not held for trading we… − (c) **GAR EH** = Proportion of equity holdings in non-financial undertakings financing taxonomy-aligned economic activities compared to total equity holdings in non-financial undertakings. The numerator shall equals to the gross carrying amount of the equity holdings not held for trading weighted by… + (a) in terms of stock, based on the total gross carrying amount of equity instruments as of the disclosure reference date; − (a) in terms of stock, based on the total gross carrying amount of equity holdings as of the disclosure reference date; + (b) in terms of flow, based on the gross carrying amount of equity instruments during the year prior to the disclosure reference date; − (b) in terms of flow, based on the gross carrying amount of equity holdings during the year prior to the disclosure reference date; + The three ratios for each environmental objective shall be disclosed based on turnover KPI and, for debt securities and equity instruments, based on turnover KPI and CapEx KPI of underlying assets at an aggregate level for all financing on-balance sheet instruments, including equity instruments, in … − The three ratios for each environmental objective shall be disclosed based on turnover KPI and, for debt securities and equity holdings, based on turnover KPI and CapEx KPI of underlying assets at an aggregate level for all financing on-balance sheet instruments, including equity holdings, in non-fi… + **(iv)GAR on total financing in non-financial undertakings (lending plus equity instruments)** − **(iv)GAR on total financing in non-financial undertakings (lending plus equity holdings)** + GAR for lending activities to equity instruments of financial undertakings shall be calculated as a proportion of loans and advances, debt securities and equity instruments of relevant accounting portfolios financing taxonomy-aligned economic activities for each environmental objective, compared to … − GAR for lending activities to equity holdings of financial undertakings shall be calculated as a proportion of loans and advances, debt securities and equity holdings of relevant accounting portfolios financing taxonomy-aligned economic activities for each environmental objective, compared to total … + **1.2.1.2.Green asset ratio for lending activities to and equity instruments of financial undertakings** − **1.2.1.2.Green asset ratio for lending activities to and equity holdings of financial undertakings** + (a) for investment firms dealing on own account in accordance with Section A of Annex I to Directive 2014/65/EU of the European Parliament and of the Council, the gross carrying amount of debt securities, loans and advances and equity instruments shall be weighted by the turnover based and CapEx bas… − (a) for investment firms dealing on own account in accordance with Section A of Annex I to Directive 2014/65/EU of the European Parliament and of the Council, the gross carrying amount of debt securities, loans and advances and equity holdings shall be weighted by the turnover based and CapEx based … + (b) for investment firms other than dealing on own account in accordance with Section A of Annex I to Directive 2014/65/EU, the gross carrying amount of debt securities, loans and advances and equity instruments shall be weighted by the turnover based and CapEx based KPI on revenues, that is fees, c… − (b) for investment firms other than dealing on own account in accordance with Section A of Annex I to Directive 2014/65/EU, the gross carrying amount of debt securities, loans and advances and equity holdings shall be weighted by the turnover based and CapEx based KPI on revenues, that is fees, comm… + GAR for retail exposures to residential real estate or house renovation loans shall be calculated as a proportion of loans to households collateralised by residential immovable property or granted for house renovation purposes that is Taxonomy-aligned in accordance with the relevant technical screen… − GAR for retail exposures to residential real estate or house renovation loans shall be calculated as a proportion of loans to households collateralised by residential immovable property or granted for house renovation purposes that is taxonomy-aligned in accordance with the technical screening crite… + ‘Credit institutions’ KPI disclosure shall cover the retail lending portfolio, in particular the mortgage lending portfolio. This KPI shall be disclosed by taking into account compliance with the technical screening criteria for buildings as laid down in Sections 7.1, 7.2, 7.3, 7.4, 7.5, 7.6 and 7.7… − Credit institutions’ KPI disclosure shall cover the retail lending portfolio, in particular the mortgage lending portfolio. This KPI shall be disclosed by taking into account compliance with the technical screening criteria for buildings as laid down in Sections 7.2, 7.3, 7.4, 7.5, 7.6 and 7.7 of An… + Where credit institutions have a business model based to a great extent on financing public housing, they shall disclose a KPI concerning the proportion of exposures to public authorities financing activities in compliance with the relevant technical screening criteria, in particular, in accordance … − Where credit institutions have a business model based to a great extent on financing public housing, they shall disclose a KPI concerning the proportion of compliance with the technical screening criteria in accordance with Section 7.7 of Annex I to Climate Delegated Act of buildings whose purchase … + Credit institutions shall disclose information on the total GAR. This shall reflect the cumulative value of the exposure-based KPIs, by including in the denominator the total on-balance sheet assets without exposures referred to in Article 7(1) and by adding in the total numerator the numerators of … − Credit institutions shall disclose information on the Total GAR. This shall reflect the cumulative value of the exposure-based KPIs, by including in the denominator the total on-balance assets without exposures referred to in Article 7(1) and by adding in the total numerator the numerators of enviro… + (a) total GAR for financing activities directed at financial undertakings, for all the environmental objectives; − (a) total GAR for financing activities directed at financial undertakings, for all the environmental objectives. + (b) total GAR for financing activities directed at non-financial undertakings, for all the environmental objectives; − (b) total GAR for financing activities directed at non-financial undertakings, for all the environmental objectives. + (c) GAR for residential real estate exposures, including house renovation loans, for the objectives of climate change mitigation, climate change adaptation, and circular economy; − (c) GAR for residential real estate exposures, including house renovation loans, for the objective of climate change mitigation. + (d) GAR for retail car loans, for the objective of climate change mitigation; − (d) GAR for retail car loans, for the objective of climate change mitigation. + (e) GAR for use of proceeds financing local governments, for all the environmental objectives; − (e) GAR for loans to local governments for house financing and other specialised lending. + (f) GAR for commercial and residential repossessed real estate collateral held for sale, for climate change objectives. − (f) GAR for commercial and residential repossessed real estate collateral held for sale. + The green ratio for financial guarantees to undertakings shall be defined as a proportion of financial guarantees supporting loans and advances and debt securities financing Taxonomy-aligned economic activities compared to all financial guarantees supporting loans and advances and debt securities to… − The green ratio for financial guarantees to undertakings shall be defined as a proportion of financial guarantees supporting debt instruments financing Taxonomy-aligned economic activities compared to all financial guarantees supporting debt securities to undertakings. This shall include disclosures… + The green ratio for assets under management shall be the proportion of assets under management (equity, debt instruments and real estate) from undertakings financing Taxonomy-aligned economic activities, compared to total assets under management (equity, debt instruments and other assets). This shal… − The green ratio for assets under management shall be the proportion of assets under management (equity and debt instruments) from undertakings financing Taxonomy-aligned economic activities, compared to total assets under management (equity and debt instruments). This shall include disclosures of st… + The KPI for fees and commission income linked to services associated with Taxonomy-aligned economic activities of undertakings, shall be defined as a proportion of the credit institution’s fees and commission income from undertakings, derived from products or services other than lending associated w… − The KPI for fees and commission income linked to services associated with Taxonomy-aligned economic activities of undertakings, shall be defined as a proportion of the credit institution’s fees and commission income from undertakings, derived from products or services other than lending associated w… + | **Template number** | **Name** | − | Template number | Name | + | 5 | KPI off-balance-sheet exposures | − | 5 | KPI off-balance sheet exposures | − − [other image: L_2021443EN.01004702.tif] + + | | **Total environmentally sustainable assets** | **KPI** | **KPI** | **% coverage (over total assets)** | **% of assets excluded from the numerator of the GAR (Article 7(2) and (3) and Section 1.1.2 of Annex V)** | **% of assets excluded from the denominator of the GAR (Article 7(1) and Section 1… + | --- | --- | --- | --- | --- | --- | --- | --- | + | **Main KPI** | **Green asset ratio (GAR) stock** | | | | | | | + | | | | | | | | | + | | Total environmentally sustainable activities | KPI | KPI | % coverage (over total assets) | **% of assets excluded from the numerator of the GAR (Article 7(2) and (3) and Section 1.1.2 of Annex V)** | **% of assets excluded from the denominator of the GAR (Article 7(1) and Section 1.2.4 of Anne… + | *Additional KPIs* | *GAR (flow)* | | | | | | | + | | *Trading book* | | | | | | | + | | *Financial guarantees* | | | | | | | + | | *Assets under management* | | | | | | | + | | *Fees and commissions income* | | | | | | | + [other image: L_202302486EN.015201.fmx.tif][other image: L_202302486EN.015301.fmx.tif] − [other image: L_2021443EN.01004801.tif] + [other image: L_202302486EN.015401.fmx.tif] − [other image: L_2021443EN.01004901.tif] + [other image: L_202302486EN.015501.fmx.tif][other image: L_202302486EN.015601.fmx.tif] − [other image: L_2021443EN.01005001.tif] + | 1.Institution shall dislcose in this template the GAR KPIs on stock of loans calculated based on the data disclosed in template 1, on covered assets, and by applying the formulas proposed in this template | + | --- | + | 2.Information on the GAR (green asset ratio of ‘eligible’ activities) shall be accompanied with information on the proportion of total assets covered by the GAR | + | 3.Credit institutions can, in addition to the information included in this template, show the proportion of assets funding taxonomy relevant sectors that are environmentally sustainable (Taxonomy-aligned). This information would enrich the information on the KPI on environmentally sustainable asse… + | 4.Credit institutions shall duplicate this template for revenue-based and CapEx-based disclosures | − [other image: L_2021443EN.01005101.tif] + [other image: L_202302486EN.015701.fmx.tif] + + [other image: L_202302486EN.015801.fmx.tif] − [other image: L_2021443EN.01005201.tif] + **5.KPI off-balance-sheet exposures** − **5.KPI off-balance sheet exposures** + [other image: L_202302486EN.015901.fmx.tif][other image: L_202302486EN.015902.fmx.tif] − [other image: L_2021443EN.01005202.tif] + **6.KPI on fees and commissions income from services other than lending and asset management** − **6.KPI on fees and commissions inclome from services other than lending and asset management** + [other image: L_202302486EN.016001.fmx.tif][other image: L_202302486EN.016002.fmx.tif] − [other image: L_2021443EN.01005301.tif] + With regard to the computation of the GAR for investment firms’ services and activities dealing on own account, investment firms shall rely on the turnover KPI and CapEx KPI of investee undertakings for each environmental objective.The numerator shall be designed as the value of investments weighted… − With regard to the computation of the GAR for investment firms’ services and activities dealing on own account, investment firms shall rely on the turnover KPI and CapEx KPI of investee undertakings for each environmental objective.The numerator shall be designed as the value of investments weighted… + | **Template number** | **Name** | − | Tempate number | Name | + | 1 | KPI IF – Dealing on own account services | + | 2 | KPI IF – Other services | − | 1 | KPI IF - Dealing on own account services | − | 2 | KPI IF Other services | − [other image: L_2021443EN.01005702.tif] − + | | **Total environmentally sustainable assets** | **KPI** | **KPI** | **% coverage (over total assets)** | | + | --- | --- | --- | --- | --- | --- | + | **Main KPI (for dealing on own account)** | **Green asset ratio** | | | | | + | | **Total revenue from environmentally sustainable services and activities** | **KPI** | **KPI** | **% coverage (over total revenue)** | | + | **Main KPI (for services and activities other than dealing on own account)** | **KPI on Revenue** | | | | | + + [other image: L_202302486EN.016301.fmx.tif] − [other image: L_2021443EN.01005801.tif] + **1.KPI IF – Dealing on own account services** − **1.KPI IF - Dealing on own account services** + [other image: L_202302486EN.016401.fmx.tif] − [other image: L_2021443EN.01005901.tif][other image: L_2021443EN.01006001.tif] + **2.KPI IF – Other services** − **2.KPI IF Other services** + The KPI related to investments by insurance or reinsurance undertakings shall present the weighted average of those investments that are directed at funding, or are associated with Taxonomy-aligned economic activities. The KPI shall be shown both in percentage terms relative to ‘total investments’ a… − The KPI related to investments by insurance or reinsurance undertakings shall present the weighted average of those investments that are directed at funding, or are associated with Taxonomy-aligned economic activities. The KPI shall be shown both in percentage terms relative to ‘total investments’ a… + Insurance and reinsurance undertakings other than life insurance undertakings shall calculate the KPI related to underwriting activities and present the ‘gross premiums written’ non-life insurance revenue or, as applicable, reinsurance revenue corresponding to Taxonomy-aligned insurance or reinsuran… − Insurance and reinsurance undertakings other than life insurance undertakings shall calculate the KPI related to underwriting activities and present the ‘gross premiums written’ non-life insurance revenue or, as applicable, reinsurance revenue corresponding to Taxonomy-aligned insurance or reinsuran… + (b) total non-life reinsurance gross premiums written; − (b) total reinsurance gross premiums written; + (d) total non-life reinsurance revenue. − (d) total reinsurance revenue. + **Template: The underwriting KPI for non-life insurance and reinsurance undertakings** − [other image: L_2021443EN.01006302.tif]“Premiums” in columns (3) and (4) shall be reported as gross premiums written or, as applicable, turnover relating to non-life insurance or reinsurance activity.The information in column (5) shall be reported in disclosures in the year 2024 and thereafter.Non-l… + | | **Substantial contribution to climate change adaptation** | **DNSH (Do No Significant Harm)** | | | | | | | | + | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | + | **Economic activities (1)** | **Absolute premiums, year t (2)** | **Proportion of premiums, year t (3)** | **Proportion of premiums, year t-1 (4)** | **Climate change mitigation (5)** | **Water and marine resources (6)** | **Circular economy (7)** | **Pollution (8)** | **Biodiversity and ecosystem… + | | **Currency** | **%** | **%** | **Y/N** | **Y/N** | **Y/N** | **Y/N** | **Y/N** | **Y/N** | + | A.1.**Non-life insurance and reinsurance underwriting Taxonomy-aligned activities (environmentally sustainable)** | | | | | | | | | | + | A.1.1.Of which reinsured | | | | | | | | | | + | A.1.2.Of which stemming from reinsurance activity | | | | | | | | | | + | A.1.2.1.Of which reinsured (retrocession) | | | | | | | | | | + | A.2.**Non-life insurance and reinsurance underwriting Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities)** | | | | | | | | | | + | B.**Non-life insurance and reinsurance underwriting Taxonomy-non-eligible activities** | | | | | | | | | | + | **Total (A.1 + A.2 +B)** | | **100 %** | **100 %** | | | | | | | − **Template: The underwriting KPI for non-life insurance and reinsurance undertakings** + | The proportion of **exposures to other counterparties and assets over** total assets covered by the KPI:X % | Value of **exposures to other counterparties and assets:**[monetary amount] | | − | The proportion of **exposures to other counterparties over** total assets covered by the KPI:X % | Value of **exposures to other counterparties**:[monetary amount] | | + | The proportion of **Taxonomy-aligned exposures to other counterparties and assets** over total assets covered by the KPI:Turnover-based: %Capital expenditures-based: % | Value of **Taxonomy-aligned exposures to other counterparties and assets over** total assets covered by the KPI:Turnover-based: … − | The proportion of **Taxonomy-aligned exposures to other counterparties in** over total assets covered by the KPI:Turnover-based: %Capital expenditures-based: % | Value of **Taxonomy-aligned exposures to other counterparties** over total assets covered by the KPI:Turnover-based: [monetary amount]Ca…
| tier | A, publisher-supplied validity dates |
| history begins | publisher |
| index built | 2026-08-07T19:46:23Z · corpus 8d5e859 |
| stamp signature | valid (ECDSA-P256) |