fossil fuel sector entity
Defined in Article 4, Capital Requirements Regulation (CRR)
Definitions over time (1)
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01/01/2025 – today applies on 11/11/2026 Article 4, Capital Requirements Regulation (CRR) Scope: Whole act
For the purposes of this Regulation, the following definitions shall apply:
‘fossil fuel sector entity’ means a company, enterprise or undertaking statistically classified as having its principal economic activity in the coal, oil or gas sector of economic activities, as set out in Annex XXXIX, Template 3, to Commission Implementing Regulation (EU) 2021/637 (^{18}) and as identified by reference to the statistical classification of economic activities (NACE Revision 2) codes listed in Annex I, Sections B, C, D and G, to Regulation (EC) No 1893/2006 of the European Parliament and of the Council (^{19}); where the principal economic activity of a company, enterprise or undertaking is not classified using the NACE Revision 2 codes set out in Regulation (EC) No 1893/2006, or a national classification derived therefrom, institutions shall conservatively determine whether such company, enterprise or undertaking has its principal activity in one of those sectors;