Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088. Country/Territory European Union Document type Legislation Date 2020 Source FAO, FAOLEX Original source Official Journal of the European Union L 198, 22 June 2020, pp. 13-43. Subject Environment gen., Sea, Water, Wild species & ecosystems Keyword Biodiversity Climate change Hazards Ecosystem preservation Environmental planning Environmental standards Marine area Marine pollution Pollution control Protection of environment Risk assessment/management Sustainable development Sustainable use Policy/planning Standards Management/conservation Precautionary principle Freshwater pollution Freshwater resources management Protection of habitats Protection of species Geographical area European Union Countries Entry into force notes This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. Articles 4, 5, 6 and 7 and Article 8(1), (2) and (3) shall apply: (a) in respect of the environmental objectives referred to in points (a) and (b) of Article 9 from 1 January 2022; and (b) in respect of the environmental objectives referred to in points (c) to (f) of Article 9 from 1 January 2023. Article 4 shall not apply to certificate-based tax incentive schemes that exist prior to the entry into force of this Regulation and that set out requirements for financial products that aim to finance sustainable projects. Abstract This Regulation establishes the criteria for environmentally sustainable economic activities for the purposes of establishing the degree to which an investment is environmentally sustainable. The environmental objectives for the purposes of this Regulation are listed in Article 9 as: (a) climate change mitigation and adaptation; (b) sustainable use and protection of water and marine resources; (c) the transition to a circular economy; (d) pollution prevention and control; and (e) the protection and restoration of biodiversity and ecosystems. Full text English Website eur-lex.europa.eu References - Legislation Implemented by Commission Delegated Regulation (EU) 2021/2178 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by specifying the content and presentation of information to be disclosed by undertakings subject to Articles 19a or 29a of Directive 2013/34/EU concerning environmentally sustainable economic activities, and specifying the methodology to comply with that disclosure obligation. Legislation | European Union | 2021 Keyword: Environmental planning, Environmental standards, Business/industry/corporations, Protection of environment, Sustainable development, Policy/planning, Standards Source: FAO, FAOLEX Commission Delegated Regulation (EU) 2021/2139 supplementing Regulation (EU) 2020/852 by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives. Legislation | European Union | 2021 Keyword: Climate change, Energy conservation/energy production, Protection of environment, Data collection/reporting, Effluent waste water/discharge, Environmental planning, Environmental standards, Precautionary principle, Public health, Risk assessment/management, Waste management, Policy/planning, Standards, Afforestation/reforestation, Forest management/forest conservation, Sewerage, Freshwater resources management, Pollution control, Freshwater pollution Source: FAO, FAOLEX Act No. 25 on sustainability-related disclosure in financial services and a classification system for sustainable investments. Legislation | Iceland | 2023 Keyword: Fiscal and market measures, Subsidy/incentive, Sustainable development, Access-to-information, Business/industry/corporations, Classification/declassification Source: FAO, FAOLEX