Definitions and criteria of “Do No Significant Harm” across the EU’s sustainable finance framework.

The purpose of this document is to explain the principle of Do No Significant Harm (“DNSH”), included in several sustainable finance laws. The DNSH principle is a key element in the Taxonomy Regulation, the Sustainable Finance Disclosure Regulation and the Reference Regulation. Parties subject to these texts must understand and apply them in order to comply with their obligations under these regulatory regimes.