The amendment seeks to simplify the EU Taxonomy by easing disclosure requirements and technical assessment criteria for sustainable economic activities. Concerns arise over reducing the list of substances of very high concern from over 4,000 to 493, potentially weakening pollution prevention. A 10% materiality threshold allows companies to exclude less significant activities from reporting, risking greenwashing. Financial institutions are granted a two-year transition period to replace detailed sustainability reports with generic statements. The proposed 'partial taxonomy alignment' lacks clear definitions and may undermine the system's integrity.
