Date: 15th June 2021

BETTER FINANCE welcomes the Delegated act obligations for certain large undertakings to publish non-financial information. The rules set out in the delegated act clarify and allow for the translation of the technical screening criteria of the Climate Delegated Act (and the future Environmental Delegated Act) into quantitative economic performance indicators that will need to be publicly disclosed. Article 8(1) of the Taxonomy regulation requires certain large undertakings to disclose non-financial information under the non-financial reporting directive (NFRD). This directive defines how and to which extent the undertakings should disclose information associated to environmentally sustainable activities as defined by the EU Taxonomy.