What is a Rule?
The regulatory regime is very far from complete but it is expected to be a useful starting point. A rule for sustainability reporting in financial contracts, which are not counted as carbon-based EU taxonomy reporting tool , is under development. To create a common terminology definition covering financial contracts, the taxonomy is not too different from the one used by guarantee legislation . However, for an emissions reduction contract, for example, there is a special legislation saying it is different from any other kind of contract of this type - it must not emit greenhouse gases into the atmosphere and be accredited to the EU's assemblage of greenhouse gases ( EU taxonomy ). In order to gather a standard of assessment, an initial assessment of the item is done for the type of contract being assessed. After this initial assessment, further assessments can be done for each of the objectives on the list below. This list is to be used as guidance only; every EU company pla...