ESMA launches consultation to simplify EU Taxonomy disclosures
ESMA launches consultation to simplify EU Taxonomy disclosures
The European Securities and Markets Authority (ESMA) has launched a consultation on proposed changes to the EU Taxonomy disclosure framework aimed at reducing reporting burdens while maintaining decision-useful information for investors. The consultation forms part of the European Commission’s broader review of Taxonomy reporting and follows recent simplification initiatives under the Omnibus package.
The proposal includes simplifying disclosure requirements for non-financial undertakings and asset managers, particularly the operational expenditure (OpEx) KPI, and exploring a practical approach to group-level reporting for mixed groups, based on the parent undertaking’s reporting model.
The consultation closes on 12 August 2026, with final advice due to the European Commission by the end of October 2026.
More details are available in the press release.
The proposal includes simplifying disclosure requirements for non-financial undertakings and asset managers, particularly the operational expenditure (OpEx) KPI, and exploring a practical approach to group-level reporting for mixed groups, based on the parent undertaking’s reporting model.
The consultation closes on 12 August 2026, with final advice due to the European Commission by the end of October 2026.
More details are available in the press release.