The variability among living organisms arising from all sources including terrestrial, marine and other aquatic ecosystems and the ecological complexes of which they are part and includes diversity within species, between species and of ecosystems.

An economic system whereby the value of products, materials and other resources in the economy is maintained for as long as possible, enhancing their efficient use in production and consumption, thereby reducing the environmental impact of their use, minimizing waste and the release of hazardous substances at all stages of their life cycle, including through the application of the waste hierarchy.

The process of adjustment to actual and expected climate change and its impacts.

The process of holding the increase in the global average temperature to well below 2 °C and pursuing efforts to limit it to 1,5 °C above pre-industrial levels, as laid down in the Paris Agreement.

A dynamic complex of plant, animal, and micro-organism communities and their non-living environment interacting as a functional unit.

An investment in one or several economic activities that qualify as environmentally sustainable under this Regulation.

  • Insurance intermediary which provides insurance advice with regard to IBIPs;
  • Insurance undertaking which provides insurance advice with regard to IBIPs;
  • Credit institution which provides investment advice;
  • Investment firm which provides investment advice;
  • AIFM which provides investment advice in accordance with point (b)(i) of Article 6(4) of Directive 2011/61/EU; or
  • UCITS management company which provides investment advice in accordance with point (b)(i) of Article 6(3) of Directive 2009/65/EC.
  • Insurance undertaking which makes available an insurance‐based investment product (IBIP);
  • Investment firm which provides portfolio management;
  • Institution for occupational retirement provision (IORP);
  • Manufacturer of a pension product;
  • Alternative investment fund manager (AIFM);
  • Pan‐European personal pension product (PEPP) provider;
  • Manager of a qualifying venture capital fund registered in accordance with Article 14 of Regulation (EU) No 345/2013;
  • Manager of a qualifying social entrepreneurship fund registered in accordance with Article 15 of Regulation (EU) No 346/2013;
  • Management company of an undertaking for collective investment in transferable securities (UCITS management company); or
  • Credit institution which provides portfolio management.
  • Portfolio managed in accordance [certain requirements];
  • Alternative investment fund (AIF);
  • IBIP;
  • Pension product;
  • Pension scheme;
  • UCITS; or
  • PEPP.

A greenhouse gas listed in Annex I to Regulation (EU) No 525/2013 of the European Parliament and of the Council.

An investment in an economic activity that contributes to an environmental objective, as measured, for example, by key resource efficiency indicators on the use of energy, renewable energy, raw materials, water and land, on the production of waste, and greenhouse gas emissions, or on its impact on biodiversity and the circular economy, or an investment in an economic activity that contributes to a social objective, in particular an investment that contributes to tackling inequality or that fosters social cohesion, social integration and labour relations, or an investment in human capital or economically or socially disadvantaged communities, provided that such investments do not significantly harm any of those objectives and that the investee companies follow good governance practices, in particular with respect to sound management structures, employee relations, remuneration of staff and tax compliance.

An environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment.

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.