Annual Report 2023 (eng) - Flipbook - Side 94
Annex 1
To what extent were the sustainable investments with an environmental objective in accordance with the EU
classification system (taxonomy)?
In order to be in
accordance
with the EU
classification
system, the
criteria for fossil
gas include
restrictions for
emissions and
transition to
renewable
energy or low
carbon fuels by
the end of
2035.
For nuclear
energy, the
criteria include
comprehensive
security and
waste
management
rules.
No sustainable investments with an environmental objective have been classified in accordance with the EU classification
system, as there is still not enough data to classify investments that are in accordance with the criteria of the taxonomy.
Does the financial product result in investments in activities related to fossil gas and/or nuclear energy in accordance with
the EU classification system 1?
Yes
Within fossil gas
x
Within nuclear power
No
No investments in activities related to fossil gas and/or nuclear power have been classified in accordance with the EU
classification system. The portfolio includes investments in fossil gas and nuclear power, but documentation that these
investments are in accordance with the EU classification system is still under development.
1
Activities related to fossil gas and/or nuclear energy will only be in accordance with the EU classification system, if they contribute to limiting ('climate change mitigation'), and do not significantly damage, any EU classification objective – see
explanatory note in the left margin. The full criteria for economic activities within fossil gas and nuclear energy that are in accordance with the EU classification system are laid down in the Commission Delegated Regulation (E) No 2022/2214.
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