LegalizeCommission Delegated Regulation (EU) 2021/2178 of 6 July 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by specifying the content and presentation of information to be disclosed by undertakings subject to Articles 19a or 29a of Directive 2013/34/EU concerning environmentally sustainable economic activities, and specifying the methodology to comply with that disclosure obligation (Text with EEA relevance)
0. Summary of KPIs to be disclosed by credit institutions under Article 8 Taxonomy Regulation
| Disclosure reference date/period t | |
|---|---|
| Total exposure to Taxonomy-aligned activities (currency) | |
| --- | --- |
| Turnover-based | CapEx-based |
| Main KPI | Green asset ratio (GAR) stock |
| Total exposure to Taxonomy-aligned activities (currency) | |
| Turnover-based | CapEx-based |
| Additional KPIs | GAR (flow) |
| Trading book | |
| Financial guarantees | |
| Assets under management | |
| Fees and commissions income (5) | |
| (1) Based on the Turnover KPI of the counterparty. (2) Based on the CapEx KPI of the counterparty. (3) % of assets covered by the KPI over banks’ total assets. (4) In accordance with Article 7(8) of this Regulation. (5) Fee and commission income from services other than lending and AuM. |
Note 1:Across the reporting templates: cells shaded in black should not be reported.
Note 2:Fee and Commission (sheet 6) and Trading Book (sheet 7) KPIs shall only apply starting 2028.
1. Assets for the calculation of GAR
| Disclosure reference date/period t | |
|---|---|
| Stock/Flow (Million EUR) | |
| --- | --- |
| Total [gross] carrying amount | |
| Of which Taxonomy-aligned | |
| Climate Change Mitigation (CCM) | |
| 1 | GAR – Covered assets in both numerator and denominator |
| 2 | Loans and advances, debt securities and equity instruments not HfT eligible for GAR calculation |
| 3 | Financial undertakings |
| 4 | Loans and advances |
| 5 | Debt securities, including UoP |
| 6 | Equity instruments |
| 7 | Non-financial undertakings |
| 8 | Loans and advances |
| 9 | Debt securities, including UoP |
| 10 | Equity instruments |
| 11 | Households |
| 12 | of which loans collateralised by residential immovable property |
| 13 | of which building renovation loans |
| 14 | of which motor vehicle loans |
| 15 | Local government financing |
| 16 | Housing financing |
| 17 | Other local government financing |
| 18 | Collateral obtained by taking possession: residential and commercial immovable properties |
| 19 | Exposures included on a voluntary basis (3) |
| 20 | Total GAR assets |
| 21 | Assets not covered for GAR calculation |
| 22 | Central governments and Supranational issuers |
| 23 | Central banks exposure |
| 24 | Trading book |
| 25 | Undertakings and entities not subject to CSRD |
| 26 | SMEs and undertakings (other than SMEs) not subject to CSRD disclosure obligations |
| 27 | Loans and advances |
| 28 | of which loans collateralised by commercial immovable property |
| 29 | of which building renovation loans |
| 30 | Debt securities |
| 31 | Equity instruments |
| 32 | Non-EU country counterparties not subject to CSRD disclosure obligations |
| 33 | Loans and advances |
| 34 | Debt securities |
| 35 | Equity instruments |
| 36 | Derivatives |
| 37 | On demand interbank loans |
| 38 | Cash and cash-related assets |
| 39 | Other categories of assets (e.g. Goodwill, commodities etc.) |
| 40 | Total assets |
| Off-balance sheet exposures (stock) to Undertakings subject to CSRD disclosure obligations and local governments | |
| 41 | Financial guarantees |
| 42 | Assets under management |
| 43 | of which debt securities |
| 44 | of which equity instruments |
| (1) In accordance with Article 7(8)(a) and (b) of this Regulation. (2) In accordance with Article 4(1a) of this Regulation. (3) In accordance with Article 7(3) of this Regulation. |
Explanatory notes:
1.The following accounting categories of financial assets should be considered: Financial assets at amortised cost, financial assets at fair value through other comprehensive income, investments in subsidiaries, joint ventures and associates, financial assets designated at fair value through profit or loss and non-trading financial assets mandatorily at fair value through profit or loss, and real estate collaterals obtained by credit institutions by taking possession in exchange for cancellation of debts.
2.Credit institutions shall duplicate this template for reporting on stocks for the calculation of GAR stock, and reporting on new assets for the calculation of GAR flow.
3.Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
2. GAR sector information
| Disclosure reference date/period t | |
|---|---|
| --- | --- |
| a | |
| Breakdown by sector – NACE 4 digits level (code and label) (Million EUR) | |
| 1 | |
| 2 | |
| 3 | |
| … | |
| 10 | |
| 11 | Nuclear activities (1) |
| 12 | Fossil gas activities (2) |
| 13 | Of which non-assessed exposures (3) |
| (1) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (2) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (3) In accordance with Article 7(8) of this Regulation. |
Explanatory notes:
1.Credit institutions shall disclose in this template information on top ten exposures in the banking book towards top ten sectors covered by the Taxonomy (NACE sectors 4 levels of detail), using the relevant NACE Codes on the basis of the principal activity of the counterparty.
2.The counterparty NACE sector allocation shall be based exclusively on the nature of the immediate counterparty. The classification of the exposures incurred jointly by more than one obligor shall be done on the basis of the characteristics of the obligor that was the more relevant, or determinant, for the institution to grant the exposure. The distribution of jointly incurred exposures by NACE codes shall be driven by the characteristics of the more relevant or determinant obligor. Institutions shall disclose information by NACE codes with the level of disaggregation required in the template.
3.Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
3. GAR KPI stock
| Disclosure reference date t | |
|---|---|
| % (compared to corresponding total covered assets in the denominator) | |
| --- | --- |
| Taxonomy-eligible | |
| Taxonomy-aligned | |
| Climate Change Mitigation (CCM) | |
| 1 | GAR – Covered assets in both numerator and denominator |
| 2 | Loans and advances, debt securities and equity instruments not HfT eligible for GAR calculation |
| 3 | Financial undertakings |
| 4 | Loans and advances |
| 5 | Debt securities, including UoP |
| 6 | Equity instruments |
| 7 | Non-financial undertakings |
| 8 | Loans and advances |
| 9 | Debt securities, including UoP |
| 10 | Equity instruments |
| 11 | Households |
| 12 | of which loans collateralised by residential immovable property |
| 13 | of which building renovation loans |
| 14 | of which motor vehicle loans |
| 15 | Local government financing |
| 16 | Housing financing |
| 17 | Other local government financing |
| 18 | Collateral obtained by taking possession: residential and commercial immovable properties |
| 19 | Exposures included on a voluntary basis (2) |
| 20 | GAR – Total GAR assets |
| (1) In accordance with Article 7(8) of this Regulation. (2) In accordance with Article 7(3) of this Regulation. |
Explanatory notes:
1.Institutions shall disclose in this template the GAR KPIs on stock of exposures calculated based on the data disclosed in template 1, on covered assets.
2.Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
4. GAR KPI flow
| Disclosure reference period t | |
|---|---|
| % (compared to corresponding total covered assets in the denominator) | |
| --- | --- |
| Taxonomy-eligible | |
| Taxonomy-aligned | |
| Climate Change Mitigation (CCM) | |
| 1 | GAR – Covered assets in both numerator and denominator |
| 2 | Loans and advances, debt securities and equity instruments not HfT eligible for GAR calculation |
| 3 | Financial undertakings |
| 4 | Loans and advances |
| 5 | Debt securities, including UoP |
| 6 | Equity instruments |
| 7 | Non-financial undertakings |
| 8 | Loans and advances |
| 9 | Debt securities, including UoP |
| 10 | Equity instruments |
| 11 | Households |
| 12 | of which loans collateralised by residential immovable property |
| 13 | of which building renovation loans |
| 14 | of which motor vehicle loans |
| 15 | Local government financing |
| 16 | Housing financing |
| 17 | Other local government financing |
| 18 | Collateral obtained by taking possession: residential and commercial immovable properties |
| 19 | Exposures included on a voluntary basis (2) |
| 20 | GAR – Total GAR assets |
| (1) In accordance with Article 7(8) of this Regulation. (2) In accordance with Article 7(3) of this Regulation. |
Explanatory note:
1.Institutions shall disclose in this template the GAR KPIs on flow of new loans and advances, debt securities, equity instruments, and repossessed collateral during the financial year prior to the disclosure reference date calculated based on the data disclosed in template 1, on covered assets.
2.Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
5. KPI off-balance sheet exposures
| Disclosure reference date/period t | |
|---|---|
| % (compared to corresponding total off-balance sheet assets) | a |
| --- | --- |
| Taxonomy-eligible | |
| Taxonomy-aligned | Breakdown per environmental objective |
| Climate Change Mitigation (CCM) | Climate Change Adaptation (CCA) |
| 1 | Financial guarantees (FinGuar KPI) |
| 2 | Assets under management (AuM KPI) |
| (1) In accordance with Article 7(8) of this Regulation. |
Explanatory notes:
1.Institutions shall disclose in this template the KPIs for off-balance sheet exposures (financial guarantees and AuM) calculated based on the data disclosed in template 1, on covered assets.
2.Institutions shall duplicate this template to disclose stock and flow KPIs for off-balance sheet exposures.
3.Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
6. KPI on fee and commission income from services other than lending and asset management
| Disclosure reference period t | |
|---|---|
| F&C KPI | a |
| --- | --- |
| Total | Taxonomy-eligible |
| Taxonomy-aligned | Breakdown per environmental objective |
| Climate Change Mitigation (CCM) | Climate Change Adaptation (CCA) |
| Mn EUR | % |
| 1 | Fees and commissions income from CSRD corporates – Services other than lending |
| 2 | Services towards financial undertakings |
| 3 | Non-financial undertakings |
| 4 | Counterparties not subject to CSRD disclosure obligations, including third-country counterparties |
| (1) In accordance with Article 7(8) of this Regulation. |
Explanatory notes:
1.Institutions shall disclose in this template information on the percentage (%) of fee and commission income related to taxonomy relevant sectors and Taxonomy-aligned activities (with breakdown for transitional and enabling activities) compared to total fees and commission income from CSRD corporates for services other than lending and asset management.
2.Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
7. KPI Trading book portfolio
| Disclosure reference period t | |
|---|---|
| --- | --- |
| 1 | Financial assets held for trading (debt securities and equity holdings) – CSRD corporates |
| 2 | Financial corporates |
| 3 | Debt securities |
| 4 | Equity instruments |
| 5 | Non-financial corporates |
| 6 | Debt securities |
| 7 | Equity instruments |
| 8 | Counterparties not subject to CSRD disclosure obligations, including third-country counterparties |
| 9 | Debt securities |
| 10 | Equity instruments |
| (1) In accordance with Article 7(8) of this Regulation. |
Explanatory note:
1.Credit institutions shall duplicate this template for turnover-based and CapEx-based disclosures.
ANNEX VII
1. Scope of KPIs
Disclosure of KPIs and the methodology shall cover and be designed separately for all of the following services listed in Annex I, Section A, to Directive 2014/65/EU:
(a) investment firms’ dealing on own account activities, regardless of whether investment firms are principal traders or dealing on behalf of their clients in accordance with Section A, point (3), of Annex I to Directive 2014/65/EU);
(b) investment firms’ investment services and activities other than dealing on own account in accordance with Section A of Annex I to Directive 2014/65/EU, with the exception of point (3) of that Section.
Ancillary services listed in Section B of Annex I to Directive 2014/65/EU shall be excluded from the scope of the disclosures.
The investment services and activities that shall be covered in the disclosure requirements under Article 8 of Regulation (EU) 2020/852 and this Regulation shall include the following:
(a) reception and transmission of orders in relation to one or more financial instruments;
(b) execution of orders on behalf of clients;
(c) dealing on own account;
(d) portfolio management;
(e) investment advice;
(f) underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis;
(g) placing of financial instruments without a firm commitment basis;
(h) operation of an MTF;
(i) operation of an OTF.
2. Investment firms dealing on own account
Investment firms dealing on their own account shall disclose the following KPIs:
2.1. KPIs related to their assets as:
— proportion of assets associated with Taxonomy-eligible economic activities within total assets;
— proportion of assets associated with Taxonomy-aligned economic activities within assets associated with Taxonomy-eligible economic activities, and
— proportion of assets associated with Taxonomy-aligned economic activities within total assets (GAR).
For the calculation of KPIs, the following shall be considered:
2.2. Investee undertakings considered
Investee undertakings considered shall include non-financial undertakings and financial undertakings.
For investee companies that are subject to Article 19a and 29a of Directive 2014/95/EU, investment firms shall use the KPIs that investee companies shall disclose under this Regulation. For investee companies that are not subject to Directive 2014/95/EU, Article 8(3) of this Regulation shall apply.
2.3. Investment instruments considered – assets
The calculation of KPIs shall include debt securities, equity instruments towards investee companies and all other assets covered under Article 7(6).
2.4. Calculation methodology
With regard to the computation of the GAR for investment firms’ services and activities dealing on own account, investment firms shall rely on the turnover KPI and CapEx KPI of investee undertakings for each environmental objective.
The numerator shall be designed as the value of investments weighted by the proportion of Taxonomy-aligned economic activities with a breakdown for transition and enabling activities of the investee undertaking, that is by the proportion of turnover and CapEx of the investee undertaking associated with Taxonomy-aligned economic activities.
The weighted average of the value of investments shall be based on the proportion of Taxonomy-aligned economic activities of investee companies measured by the following:
(a) for investees that are non-financial undertakings, turnover and CapEx KPIs as resulting from the calculation of the KPIs of the investee in accordance with Annexes I and II;
(b) for investees that are asset managers, turnover-based and CapEx based KPIs as resulting from the calculation of the KPIs of the investee in accordance with Annexes III and IV;
(c) for investees that are credit institutions, the turnover-based and CapEx based green asset ratio as resulting from the calculation of the green asset ratio of the investee in accordance with Annexes V and VI;
(d) for investees that are investments firms, investments and revenues, as resulting from the calculation of the turnover-based and CapEx based KPIs of the investee in accordance with Annexes VII and VIII in accordance with the proportion of services and activities of dealing on own account and not dealing on own account in the income of the investment firm;
(e) for investees that are insurance or reinsurance undertakings, investments, gross premiums written or, as applicable, total insurance revenue, as resulting from the calculation either of the turnover-based or CapEx based investments KPI or combined, where applicable, with the underwriting KPI of the non-life investee insurance and reinsurance undertakings in accordance with Annexes IX and X.
For debt securities issued by an investee undertaking with the purpose to fund specific activities or projects, or where the investee undertaking issued environmentally sustainable bonds, investment firms shall assess those debt securities based on whether they fund Taxonomy-aligned economic activities or projects, on the basis of information provided by investee undertaking.
By way of derogation from the second and third subparagraph of this point 2.4, debt securities with the purpose of financing specific identified activities or projects or environmentally sustainable bonds issued by an investee undertaking shall be included in the numerator up to the value of Taxonomy-aligned economic activities that the proceeds of those bonds and debt securities finance, on the basis of information provided by the investee undertaking.
By way of derogation from the second and third subparagraph of this point 2.4, investments in real estate shall be included in the numerator to the extent and proportion in which they finance Taxonomy-aligned economic activities.
For the denominator, total assets shall include all assets invested by investment firms on own account.
3. Investment firms not dealing on own account
Investment firms not dealing on their own account shall disclose the following KPIs:
3.1. KPIs related to revenue, including fees, commissions and other monetary benefits as:
— proportion of revenue from services and activities associated with Taxonomy-eligible economic activities within total revenue from investment services and activities;
— proportion of revenue from investment services and activities associated with Taxonomy-aligned economic activities within revenue from investment services and activities associated with Taxonomy-eligible economic activities; and
— proportion of revenue from investment services and activities associated with Taxonomy-aligned economic activities within total revenue from investment services and activities (GAR).
For the calculation of KPIs, the following shall be considered:
3.2. Clients considered
Investment firms shall consider clients receiving investment services, other than dealing on own account services and ancillary services, that are non-financial undertakings and financial undertakings.
For investee undertakings that are subject to Directive 2014/95/EU, investment firms shall use the KPIs that investee undertakings shall disclose under this Regulation. For investee companies that are not subject to Directive 2014/95/EU, Article 8(3) of this Regulation shall apply.
3.3. Calculation methodology
For activities of investment firms other than dealing on own account, the numerator shall be designed as the weighted average of the revenue (fees, commissions and other monetary benefits) generated by the investment firm in relation to the aggregate value of Taxonomy-aligned economic activities within the activities of their clients. The methodology laid down in point 2.4. of this Annex shall apply.
3.4. Further consideration
Investment firms shall indicate in the templates the environmental objectives as well as the nature of the activities, whether enabling or transition.
Disclosures shall take place after netting potential hedges and offsets, regardless of the instrument used in accordance with Article 3, paragraphs 4 and 5 of Regulation (EU) No 236/2012 of the European Parliament and of the Council (8).
ANNEX VIII
| Template number | Name |
|---|---|
| 0 | Summary of KPIs to be disclosed by investment firms under Article 8 Taxonomy Regulation |
| 1 | KPI IF – Dealing on own account services |
| 2 | KPI IF – Other services |
0. Summary of KPIs to be disclosed by investment firms under Article 8 Taxonomy Regulation
| Disclosure reference date/period t | |
|---|---|
| Total Taxonomy-aligned assets (currency) | |
| --- | --- |
| Turnover-based | CapEx-based |
| Main KPI (for dealing on own account) | Green asset ratio |
| Total revenue from Taxonomy-aligned services and activities (currency) | |
| Turnover-based | CapEx-based |
| Main KPI (for services and activities other than dealing on own account) | KPI on Revenue (5) |
| (1) Based on the Turnover KPI of the counterparty. (2) Based on the CapEx KPI of the counterparty. (3) % of assets covered by the KPI over total assets. (4) In accordance with Article 7(8) of this Regulation. (5) Fees, commissions and other monetary benefits. |
1. KPI IF – Dealing on own account services
| Disclosure reference date t | |
|---|---|
| a | |
| --- | --- |
| Total | Of which covered by the KPI |
| Taxonomy aligned (2) | Breakdown per environmental objective |
| Climate Change Mitigation (CCM) | Climate Change Adaptation (CCA) |
| 1 | Total assets invested under investment firms’ activities dealing on own account (as per Section A of Annex I to Directive 2014/65/EU) |
| 2 | of which: on own behalf |
| 3 | of which: on behalf of clients |
| 4 | of which: exposures included on a voluntary basis (5) |
| 5 | of which nuclear activities (6) |
| 6 | of which fossil gas activities (7) |
| (1) % of Taxonomy-eligible assets over covered assets. (2) % of Taxonomy aligned assets over covered assets. (3) In accordance with Article 7(8)(a) and (b) of this Regulation. (4) In accordance with Article 5(1a) of this Regulation. (5) In accordance with Article 7(3) of this Regulation. (6) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (7) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139. |
Explanatory note:
1.Undertakings shall duplicate this template for turnover-based and CapEx-based disclosures.
2. KPI IF – Other services
| Disclosure reference period t | |
|---|---|
| a | |
| --- | --- |
| Total | Of which covered by the KPI |
| Currency | Currency |
| 1 | Revenue (i.e. fees, commissions and other monetary benefits) from investment and services and activities other than dealing on own account (as per Section A of Annex I to Directive 2014/65/EU) |
| 2 | Reception and transmission of orders in relation to one or more financial instruments |
| 3 | Execution of orders on behalf of clients |
| 4 | Portfolio management |
| 5 | Investment advice |
| 6 | Underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis |
| 7 | Placing of financial instruments without a firm commitment basis |
| 8 | Operation of an MTF |
| 9 | Operation of an OTF |
| 10 | of which included on voluntary basis (4) |
| 11 | of which nuclear activities (5) |
| 12 | of which fossil gas activities (6) |
| (1) % of Taxonomy-eligible assets over covered assets. (2) % of Taxonomy aligned assets over covered assets. (3) In accordance with Article 7(8) of this Regulation. (4) In accordance with Article 7(3) of this Regulation. (5) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (6) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139. |
Explanatory note:
1.Undertakings shall duplicate this template for turnover-based and CapEx-based disclosures.
ANNEX IX
1. KPI related to investments
The KPI related to investments by insurance or reinsurance undertakings shall present the weighted average of those investments that are directed at funding, or are associated with Taxonomy-aligned economic activities. The KPI shall be shown both in percentage terms relative to ‘total investments’ and in absolute monetary units.
Investments shall mean all direct and indirect investments and exposures, covered under Article 7(6), including investments in collective investment undertakings and participations, loans and mortgages.
In additional disclosures, insurance or reinsurance undertakings shall distinguish the proportion of the investments held in respect of life insurance contracts where the investment risk is borne by the policy holders and the proportion of remaining investments. The ratio of covered investments in exposures covered under Article 7(6) of this Regulation in the balance sheet total shall be disclosed.
The disclosures shall be broken down by environmental objective in percentage terms and monetary units, where available.
The weighted average of the value of the investments shall be based on the proportion of Taxonomy-aligned economic activities of investee companies measured by the following:
(a) for investees that are non-financial undertakings, turnover and CapEx KPIs as resulting from the calculation of the KPIs of the investee in accordance with Annexes I and II;
(b) for investees that are asset managers, turnover-based and CapEx based KPIs as resulting from the calculation of the KPIs of the investee in accordance with Annexes III and IV;
(c) for investees that are credit institutions, the turnover-based and CapEx based green asset ratio as resulting from the calculation of the green asset ratio of the investee in accordance with Annexes V and VI;
(d) for investees that are investments firms, investments and revenues, as resulting from the calculation of the turnover-based and CapEx based KPIs of the investee in accordance with Annexes VII and VIII in accordance with the proportion of services and activities of dealing on own account and not dealing with own account in the income of the investment firm;
(e) for investees that are insurance or reinsurance undertakings, investments, gross premiums written or, as applicable, total insurance revenue, as resulting from the calculation either of the turnover-based and CapEx based investments KPI (i.e. the proportion of the insurance or reinsurance undertaking’s investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders, that are directed at funding, or are associated with, Taxonomy-aligned economic activities) combined, where applicable, with the underwriting KPI of the non-life investee insurance and reinsurance undertakings in accordance with Annexes XI and X.
By way of derogation from the first and fifth paragraph of this point 1, debt securities with the purpose of financing specific identified activities or projects or environmentally sustainable bonds issued by an investee undertaking shall be included in the numerator up to the value of Taxonomy-aligned economic activities that the proceeds of those bonds and debt securities finance, on the basis of information provided by the investee undertaking.
By way of derogation from the first and fifth paragraphs of this point 1, investments in real estate shall be included in the numerator to the extent and proportion in which they finance Taxonomy-aligned economic activities.
2. KPI related to underwriting activities
Insurance and reinsurance undertakings other than life insurance undertakings shall calculate the KPI related to underwriting activities and present the ‘gross premiums written’ non-life insurance revenue or, as applicable, reinsurance revenue corresponding to Taxonomy-aligned insurance or reinsurance activities in accordance with points 10.1 and 10.2 of Annex II to Climate Delegated Act. The KPI shall be depicted in percentage terms relative to, as applicable, one of the following:
(a) total non-life insurance gross premiums written;
(b) total non-life reinsurance gross premiums written;
(c) total non-life insurance revenue;
(d) total non-life reinsurance revenue.
ANNEX X
Template 1: The underwriting KPI
| Disclosure reference period t | |
|---|---|
| Economic activities: Non-life insurance and reinsurance underwriting activities (1) | Absolute premiums, year t |
| --- | --- |
| (1) | (2) |
| Currency | |
| Taxonomy-aligned activities | |
| Nuclear activities (2) | |
| Fossil gas activities (3) | |
| Taxonomy-eligible activities | |
| Nuclear activities (2) | |
| Fossil gas activities (3) | |
| Non-assessed activities considered non-material (4) | |
| Total (5) | |
| (1) Non-life insurance and reinsurance can only be eligible or aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. (2) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (3) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (4) In accordance with Article 7(8) of this Regulation. (5) Total figure shall contain one of the following: (a) total non-life insurance gross premiums written; (b) total non-life reinsurance gross premiums written; (c) total non-life insurance revenue; (d) total non-life reinsurance revenue. |
Explanatory notes for Template 1:
1.‘Premiums’ in columns (2) and (3) shall be reported as gross premiums written or, as applicable, revenue relating to non-life insurance or reinsurance activity.
2.The information in columns (4) and (5) shall be reported in disclosures in the year 2024 and thereafter. (t-1): Indicates the last financial year when data on Taxonomy-alignment was reported. If no data was reported in year t-1, leave columns (4) and (5) empty.
Template 2: Investment KPI
| Exposures | % | Million EUR | |
|---|---|---|---|
| 1 | Total AUM | 100 | |
| 2 | Assets covered by the KPI | ||
| % of covered assets | % Turnover based | % CapEx based | |
| 3 | Taxonomy eligible | ||
| 4 | Nuclear activities (1) | ||
| 5 | Fossil gas activities (2) | ||
| 6 | Taxonomy aligned | ||
| 7 | Undertakings subject to Articles 19a and 29a of Directive 2013/34/EU | ||
| 8 | of which Non-financial undertakings | ||
| 9 | of which Financial undertakings | ||
| 10 | Other covered counterparties and real estate assets | ||
| 11 | Investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders | ||
| 12 | Exposures included on a voluntary basis (3) | ||
| 13 | Transitional activities | ||
| 14 | Enabling activities | ||
| 15 | Nuclear activities (1) | ||
| 16 | Fossil gas activities (2) | ||
| Taxonomy aligned per objective | % Turnover based | % CapEx based | |
| 17 | Climate Change Mitigation (CCM) | ||
| 18 | Climate Change Adaptation (CCA) | ||
| 19 | Water and marine resources (WTR) | ||
| 20 | Circular economy (CE) | ||
| 21 | Pollution (PPC) | ||
| 22 | Biodiversity and Ecosystems (BIO) | ||
| 23 | Non-assessed exposures | ||
| 24 | Exposures financing non-assessed non-material activities of counterparties (4) | ||
| 25 | Exposures financing counterparties reporting in accordance with Article 7(9) to this Regulation (5) | ||
| 26 | Non-assessed exposures considered non-material by the reporting entity (6) | ||
| Breakdown of covered assets | % | Million EUR | |
| 27 | Undertakings subject to Articles 19a and 29a of Directive 2013/34/EU | ||
| 28 | of which Non-financial undertakings | ||
| 29 | of which Financial undertakings | ||
| 30 | Other covered counterparties and real estate assets | ||
| 31 | Investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders | ||
| 32 | Exposures included on a voluntary basis (3) | ||
| (1) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (2) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (3) In accordance with Article 7(3) of this Regulation. (4) In accordance with Article 7(8)(a) and (b) of this Regulation. (5) Figures should be the same in both columns. (6) In accordance with Article 6(1b) of this Regulation. Figures should be the same in both columns. |
ANNEX XI
The disclosure of quantitative KPIs shall be accompanied by the following qualitative information to support the financial undertakings’ explanations and markets’ understanding of these KPIs:
— contextual information in support of the quantitative indicators including the scope of assets and activities covered by the KPIs, information on data sources and limitation;
— contextual information on the assets and activities covered by the KPIs that are considered non-material in accordance with Articles 3(1a), 4(1a) to (1f), 5(1a) and(1b), 6(1a) and (1b), as applicable, including the sector of the economic activities associated with those assets and activities and an explanation of the absence of materiality of those economic activities;
— explanations of the nature and objectives of Taxonomy-aligned economic activities and the evolution of the Taxonomy-aligned economic activities over time, starting from the second year of implementation, distinguishing between business-related and methodological and data-related elements;
— description of the compliance with Regulation (EU) 2020/852 in the financial undertaking’s business strategy, product design processes and engagement with clients and counterparties;
— for credit institutions that are not required to disclose quantitative information for trading exposures, qualitative information on the alignment of trading portfolios with Regulation (EU) 2020/852, including overall composition, trends observed, objectives and policy;
— additional or complementary information in support of the financial undertaking’s strategies and the weight of the financing of Taxonomy-aligned economic activities in their overall activity.
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