Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (Text with EEA relevance) (c. 852)

CHAPTER II U.K. ENVIRONMENTALLY SUSTAINABLE ECONOMIC ACTIVITIES

Article 14 U.K. Substantial contribution to pollution prevention and control

1. An economic activity shall qualify as contributing substantially to pollution prevention and control where that activity contributes substantially to environmental protection from pollution by:

(a) preventing or, where that is not practicable, reducing pollutant emissions into air, water or land, other than greenhouse gasses;

(b) improving levels of air, water or soil quality in the areas in which the economic activity takes place whilst minimising any adverse impact on, human health and the environment or the risk thereof;

(c) preventing or minimising any adverse impact on human health and the environment of the production, use or disposal of chemicals;

(d) cleaning up litter and other pollution; or

(e) enabling any of the activities listed in points (a) to (d) of this paragraph in accordance with Article 16.

2. [F1 The Treasury must make regulations] to:

(a) supplement paragraph 1 of this Article by establishing technical screening criteria for determining the conditions under which a specific economic activity qualifies as contributing substantially to pollution prevention and control; and

(b) supplement Article 17 by establishing, for each relevant environmental objective, technical screening criteria for determining whether an economic activity in respect of which technical screening criteria have been established pursuant to point (a) of this paragraph causes significant harm to one or more of those objectives.

F2 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F3 4. The Treasury must establish the technical screening criteria referred to in paragraph 2 of this Article taking into account the requirements of Article 19.]

F4 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Words in Art. 14(2) substituted (31.12.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(3), 78(10)(a)

F2 Art. 14(3) omitted (31.12.2020) by virtue of The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(3), 78(10)(b)

F3 Art. 14(4) substituted (31.12.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(3), 78(10)(c)

F4 Regulation revoked (11.7.2023 for the revocation of Arts. 10(6), 11(6), 12(5), 13(5), 14(5) and 15(5), 14.12.2023 for the revocation of Art. 26) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 1 (with s. 1(4)); S.I. 2023/779, reg. 2(f); S.I. 2023/1382, reg. 2(b)(ii)