On 10 January the TEG published its report on climate-related disclosures. This report corresponds to task 4 of the TEG’s mandate, which is to “Develop climate-related metrics in the context of its work on an EU taxonomy allowing improving disclosure on climate-related information and publish the outcome in a report.”
The European Commission will take this report into consideration when it updates the non-binding guidelines on non-financial disclosure that accompany the Non-Financial Reporting Directive (Directive 2014/95/EU).
Stakeholders are invited to provide with written comments on the TEG report by 1 February. The TEG will process these comments and give the Commission services a summary to be considered in the update of the guidelines.
The services of the European Commission will subsequently consult stakeholders on the update of the non-binding guidelines on non-financial disclosure before their planned adoption in June 2019.
Please note this document should not be considered as official Commission position, and nothing in its content commits the Commission nor precludes any policy outcomes.