This tool is designed to track progress in the implementation of the actions listed in the EU Biodiversity Strategy for 2030.
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ENABLING TRANSFORMATIVE CHANGE
Business for biodiversity
Updated on: 2022-04-27
Deadline: 2030
Summary: On 21 April 2021, the Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD), which would amend the existing reporting requirements of the NFRD. The proposal: • extends the scope to all large companies and all companies listed on regulated markets (except listed micro-enterprises) • requires the audit (assurance) of reported information • introduces more detailed reporting requirements, and a requirement to report according to mandatory EU sustainability reporting standards • requires companies to digitally ‘tag’ the reported information, so it is machine readable and feeds into the European single access point envisaged in the capital markets union action plan.
Links:
Main Actors:
COM
Chef de File:
FISMA
Financing for biodiversity
Updated on: 2022-05-05
Deadline: 2021
Delay: 2023
Summary: The Commission is preparing a Delegated act with technical screening criteria fulfilling four environmental objectives under the Taxonomy Regulation. It will establish a common classification of economic activities that substantially contribute, among other objectives, to the protection and restoration of biodiversity and ecosystems including forests, wetlands, peatlands, aquatic and marine ecosystems. The preparation of the Environmental delegated act is tentatively planned to take place between May 2022 and May 2023, and will include a stakeholder consultation.
Links:
Main Actors:
COM
Chef de File:
FISMA
Updated on: 2021-12-09
Deadline: 2021
Summary: Within the framework of the European green deal, the Commission announced a renewed sustainable finance strategy. The Commission published its ‘strategy for financing the transition to a sustainable economy’ on 6 July 2021. It aims, among others, to facilitate the mainstreaming of biodiversity considerations at every step of the financial system. The initiative will also provide enabling frameworks for the European Green Deal Investment Plan and for the financial system to support a sustainable recovery from COVID-19.
Links:
Main Actors:
COM
Chef de File:
FISMA
Updated on: 2021-12-15
Deadline: 2030
Summary: This action is about ensuring the full implementation of the Polluter Pays Principle, with markets reflecting biodiversity externalities and providing a full incentive to avoid biodiversity damage. A study funded by the European Parliament was completed at the end of 2021. It will inform and support actions by stakeholders and the Member States. The action will also be supported via the European Semester process.
Links:
- News article - release of Study on Green Taxation
- Study on Green Taxation and other economic instruments
Main Actors:
MS
Chef de File:
ENV
FISMA