New EU Guidelines on Disclosure of Climate-Related Information

The European Commission has published new, non-binding Guidelines on reporting climate-related information. The new Guidelines are supplementary to the guidelines issued by the Commission in 2017 on reporting non-financial information. The new Guidelines are intended to assist large public entities (with over 500 employees) to report climate-related information under the EU Non-Financial Reporting Directive. The new Guidelines incorporate the recommendations of the Financial Stability Board's taskforce on climate-related financial disclosures, taking into account the EU's forthcoming taxonomy on sustainable activities. The new Guidelines include guidance on reporting of climate-related information related to business models, key performance indicators, risks and their management. Further guidelines for banks and insurance companies are set out in the annex.

The Commission has also published three reports of the Technical Expert Group on sustainable finance. The reports are:

1. An interim report on EU climate benchmarks, that sets out the methodology and minimum technical requirements for indices and disclosure requirements related to environmental, social and governance (ESG) factors by benchmark providers. This expert report supports the EU's proposed changes to the EU Benchmarks Regulation, which have been agreed between the EU legislative bodies.
2. A report on an EU taxonomy, which links to the EU's proposed Regulation on the establishment of a framework to facilitate sustainable investment.
3. A report on an EU green bond standard, which recommends the criteria for issuing a green bond.

View the new Guidelines.

View the 2017 Guidelines.

View the interim report on EU climate benchmarks.

View the report on an EU taxonomy.

View the report on an EU green bond standard.

Return to main website.