part of EU Taxonomy Regulation
- for financial companies
helping banks to invest into aligned businesses
- e.g. “We don’t lend you money unless you have x% of aligned activities”
very large enterprises can “overrule” this regulation, since they have very powerful positions
financial market participants (e.g. a bank) or a financial adviser
article 8 vs article 9 product
- art 8: promoting environmental or social characteristics
- art 9: sustainable investment product
  - e.g. ESG fund

Reporting Obligations

from 2024 onwards
GAR and BTAR
actual effect only on future loan negotiations
- bank can’t cancel your loan bc one is not reporting energy consumption
very hard for personal investors to understand, not user-friendly
entity level report
- found on company website
product level report
- all products
- art 8 products (responsible vs integration)
- art 9 products

Glossary