The EU Taxonomy Regulation—essentials

Copyright © 2025 LexisNexis
Produced in partnership with Philippa List of Dechert and Mikhaelle Schiappacasse of Dechert
Practice notes

The EU Taxonomy Regulation—essentials

Copyright © 2025 LexisNexis

Produced in partnership with Philippa List of Dechert and Mikhaelle Schiappacasse of Dechert

Practice notes
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This Practice Note analyses the scope and impact of the EU Taxonomy Regulation (Regulation (EU) 2020/852), and related delegated acts, and considerations for asset managers.

What is the law/regulation?

In December 2019, the Council of the EU and the European Parliament reached political agreement on the text of a proposed Regulation on the Establishment of a Framework to Facilitate Sustainable Investment—the so-called ‘EU Taxonomy Regulation’. The EU Taxonomy Regulation (Regulation (EU) 2020/852) was published in the Official Journal of the EU (OJ) on 22 June 2020, entered into force on 12 July 2020 and applies from the dates detailed in What is the timeline? below.

The EU Taxonomy Regulation amends, and uses definitions from, the EU regulation on sustainability‐related disclosures in the financial services sector (Regulation (EU) 2019/2088) (the EU SFDR) and it is supplemented by Commission delegated regulations which are summarised in Recent developments and delegated regulations below.

For more information, see the Commission’s webpages on Sustainable finance and the EU taxonomy for sustainable activities.

What is its scope and impact?

The

Philippa List
Philippa List

Professional Support Lawyer, Dechert

Philippa List is a professional support lawyer for Dechert’s Financial Services practice group. Philippa develops and manages the group’s know how resources, provides training and advises on legal and market trends and developments. She is involved in the practice group's ESG initiatives, as well as their LIBOR and Brexit work.

Previous Experience:

Senior regulatory lawyer in the legal department of a large European bank and as a transactional lawyer in the banking industry.

She trained and qualified with a Magic Circle law firm, where she worked as an associate in their capital markets department.

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Mikhaelle Schiappacasse
Mikhaelle Schiappacasse

Partner, Dechert

Mikhaelle Schiappacasse's practice focuses on the structuring, establishment, management, marketing, and restructuring of fund platforms and investment funds, including hedge, debt, real estate, private equity and fund of funds, across a broad range of asset classes and fund domiciles.

Mikhaelle is a leading member of Dechert’s global ESG taskforce. The 2017-2020 editions of The Legal 500 UK see her highly recommended in the areas of investment funds, hedge funds and retail funds with clients noting that she is "exceptional on all fronts".

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Jurisdiction(s):
European Union

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