Requirement · TAX-02

Disclose the proportion of turnover and capital expenditure associated with Taxonomy-aligned (or partially-aligned) economic activities, if claiming alignment; operating-expenditure disclosure is optional

Addressee Large undertakings under the opt-in Taxonomy regime that claim Taxonomy-aligned or partially-aligned activitiesAct COM(2025) 81, 2025/0045 (COD)Article Art. 2(3) and 2(5), inserting Art. 19b(2)-(4) and Art. 29aa(2)-(4) of Directive 2013/34/EUClass Businesses

What changes

Undertakings using the opt-in track that claim Taxonomy alignment must still disclose turnover/CapEx KPIs (OpEx optional) — a lighter but real, newly-conditioned duty replacing the old blanket Article 8 duty.

Prior rule vs new rule

Prior rule

Trigger

Any undertaking subject to Art. 19a or 29a of Directive 2013/34/EU non-financial reporting

Obligation

Mandatory disclosure of turnover AND capital expenditure AND operating expenditure proportions (all three, not turnover/CapEx with OpEx optional) associated with Taxonomy-aligned activities.

New rule

Trigger

Claims that activities are associated with environmentally sustainable, or partially-aligned, economic activities under Regulation (EU) 2020/852

Obligation

Disclose the proportion of turnover and capital expenditure associated with Taxonomy-aligned (or partially-aligned) economic activities, if claiming alignment; operating-expenditure disclosure is optional

Who is affected

Addressee

Large undertakings under the opt-in Taxonomy regime that claim Taxonomy-aligned or partially-aligned activities

Class

Businesses

Sectors

No sector named — applies by size or activity

Applies

Once transposed by Member States (transposition due within 12 months of this Directive's entry into force)

Burden drivers

D1 — 1 of 7 marks fire on this provision.

Source text

Verbatim

In particular, a non-financial undertaking that claims that its activities are associated with economic activities that qualify as environmentally sustainable under Articles 3 and 9 of Regulation (EU) 2020/852 shall disclose the following indicators: (a) the proportion of its turnover derived from products or services associated with economic activities that qualify as environmentally sustainable under Articles 3 and 9 of that Regulation; (b) the proportion of its capital expenditure related to assets or processes associated with economic activities that qualify as environmentally sustainable under Articles 3 and 9 of that Regulation.

View source →

Settled later in secondary legislation. The content, presentation and methodology for partial-alignment reporting are to be specified by Commission delegated act under Art. 49.