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Clifford Chance

Clifford Chance


EU Sustainable Finance Action Plan: The New TEG Reports and EU Commission Guidelines

28 June 2019

The recently published Technical Expert Group on Sustainable Finance (TEG) reports and EU Commission Guidelines elaborate the next phase in the implementation of the EU’s Sustainable Finance Action Plan.

On 18 June 2019 TEG published its final technical guidance on climate change adaptation and mitigation under the taxonomy proposals, its final report on an EU Green Bond Standard and its interim report on sustainable benchmarks and the EU Commission also published its final guidelines to supplement companies’ understanding on how to apply the Non-Financial Reporting Directive to climate related disclosures.

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