Review of EU Taxonomy

The EU Taxonomy will be reviewed by the European Commission in an attempt to improve usability and reduce reporting burden. Leaseurope responded to the Commission’s public consultation and called for three key points: 

1. Simpler DNSH criteria for road transport activities which currently render Taxonomy alignment for EVs almost unrealistic, 
2. Consideration of all types of leasing solutions as eligible under the EU Taxonomy; this means that there should be no restrictions or differentiation between financial or operating leasing and that the focus should be based on the actual use of the asset provided via leasing. 
3. Transition finance for assets that are not strictly Taxonomy-aligned and SME finance should be included in the reviewed rules for EU Taxonomy reporting, to obtain a realistic image of the company’s activities.