November 25, 2025
Both financial and non-financial companies will no longer have to categorize their activities under the Taxonomy if they are deemed non-material. Under this simplification, materiality is defined as any loan or investment representing more than 10% of a financial institution’s portfolio, or more than 10% of a non-financial company’s total revenue. Additionally, reporting templates are streamlined by cutting the number of reported data points by 64% for non-financial companies and by 89% for financial companies.
These changes and others will be debated by the EU Council and Parliament before being implemented for 2026 reports (based on 2025 data).