Sustainability:
Delegated Act on the Taxonomy Regulation in the Official Journal of the EU

On 4 July, 2025, the European Commission adopted the delegated act to simplify reporting under the EU Taxonomy Regulation. As neither the European Parliament nor the Council of the European Union had commented on it within the four-month objection period, the act was published as Delegated Regulation (EU) 2026/73 in the Official Journal of the European Union on 8 January, 2026, and will thus enter into force 20 days later.

Simplifications

As reported (“Neu auf WPK.de” on 11 July, 2025 (in German)), the planned simplifications include

• the introduction of a materiality concept,
• a significant reduction in the data points to be reported – by approximately 64% for non-financial companies and approximately 89% for financial companies,
• the simplification of the “do no significant harm” criteria, and
• adjustments to certain key performance indicators (KPIs) for financial companies.

Effective Date

The new rules are to apply for the first time to reporting from 1 January, 2026, on the 2025 financial year. However, companies have the option of deferring initial application to the 2026 financial year.