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Wednesday, March 10, 2021 Regulation”) was published in the Official Journal on 22 June 2020 and entered into force on 12 July 2020. The Regulation established an EU-wide framework for classifying economic activity as environmentally sustainable and aims at (1) reducing “greenwashing”, where financial products are marketed as environmentally sustainable without sufficient factual basis for their claims and (2) improving the efficiency of private investment in sustainable projects. An economic activity is classified as an environmentally sustainable activity (an “ Activity�...

All three KPIs: non-financial undertakings shall apply their best judgement in splitting turnover between CapEx and OpEx across their activities, but while doing this shall avoid (1) unduly inflating the proportion of the Activities and (2) double-counting; and the Commission shall establish requirements for KPIs to be accompanied by information on how the KPIs were prepared and what they cover; (ii)   Turnover KPI: non-financial undertakings should use the definition of net turnover in Article 2(5) of the Accounting Directive as the reference point when calculating their turnover; (iii) ...