In the EU Biodiversity Strategy for 2030, the EU and its Member States committed to implement more than 100 actions by 2030. This tool is designed to track that progress.
SUMMARY
ENABLING TRANSFORMATIVE CHANGE
Business for biodiversity
Updated on: 2023-01-23
Deadline: 2021
Summary: On 21 April 2021, the Commission proposed 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. On 5 January 2023 the Corporate Sustainability Reporting Directive (CSRD) entered into force. A broader set of large companies, as well as listed SMEs, will now be required to report on sustainability – approximately 50 000 companies in total. The first companies will have to apply the new rules for the first time in financial year 2024, for reports published in 2025.
Links:
Main Actors:
COM
Chef de File:
FISMA
Financing for biodiversity
Updated on: 2023-04-14
Deadline: 2021
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 currently ongoing. The draft proposal was shared for stakeholder feedback in April 2023.
Links:
- Public Consultation
- Taxonomy Regulation and Delegated Acts
- Implementing and delegated acts - Taxonomy Regulation
Main Actors:
COM
Chef de File:
FISMA
Updated on: 2023-03-30
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