The Commission has published guidelines on reporting climate-related information, which in practice consist of a new supplement to the existing guidelines on non-financial reporting, which remain applicable.
- Text of the communication – Guidelines on reporting climate-related information
- Summary of the EC guidelines on reporting climate-related information
- Press release
- Frequently asked questions
The guidelines on reporting climate-related information integrate the recommendations of the Financial stability board’s taskforce on climate-related financial disclosures (TCFD) and take account of the forthcoming taxonomy on sustainable activities that is under development.
The guidelines on reporting climate-related information are a deliverable of the Commission’s action plan on financing for sustainable growthpublished in March 2018 and build on the recommendations of the technical expert group on sustainable finance (TEG).
The TEG published its report on climate-related disclosures in January 2019 and invited stakeholders for feedback. Approximately 70 organisations and individuals submitted comments. The TEG published a summary of these comments.
The Commission took into account the TEG report and the feedback received from stakeholders on that report and consulted stakeholders on the update of the guidelines before their adoption in June 2019. The Commission published a summary of the written comments provided by stakeholders on its consultation document.
- Targeted consultation on the update of the non-binding guidelines on non-financial reporting
- Factsheet: Financing sustainable growth