meta_id 2975382

On March 17, 2026, the European Commission's Directorate-General for Financial Stability, Financial Services and Capital Markets Union launched a public consultation on proposed revisions to the EU taxonomy, the classification system defining which economic activities qualify as sustainable. The EU Taxonomy Regulation forms a cornerstone of the EU's sustainable finance framework by steering investments towards sustainable projects. The technical screening criteria within the taxonomy establish the conditions that economic activities must satisfy to be classified as sustainable. The Commission's review aims to simplify the framework and enhance its usability. The draft revisions include streamlined criteria and clarifications on compliance demonstration, whilst aligning the criteria with updated EU legislation and reflecting technological advances. The proposed changes cover most activities under the Climate and Environmental Delegated Acts, including forestry, environmental protection, manufacturing, energy, transport and construction, as well as generic 'do no significant harm' appendices. The revision builds on stakeholder input gathered through consultations, workshops and a call for evidence. By simplifying the rules and reducing administrative burden, the Commission seeks to boost taxonomy adoption, improve access to green finance in the EU and enhance market transparency through clearer disclosures. This broader review follows the Commission's Omnibus I package introduced in February 2025, which focused primarily on disclosure requirements with only targeted adjustments to technical screening criteria. The feedback period closes on April 14, 2026. The Commission will use responses received to shape the forthcoming revision of the criteria, with adoption planned for summer 2026. Responses to the consultation can be submitted via the Commission's public feedback portal.