Stakeholders recommend not to pre-empt, on a large scale, technical discussions around the taxonomy on significantly harmful activities by making a strict reference to all activities excluded from the Paris-aligned benchmark. They rather suggest limiting this list to companies with at least 1% of exploration, mining, extraction, distribution or refining of hard coal and lignite and those with at least 10% of exploration, extraction, distribution or refining of oil fuels. In addition, they stated that, as demonstrated by the European Commission's recent communication published with the delegated act on the Taxonomy on climate objectives, activities affected by such an exclusion that are related to natural gas will be subject to political discussions on their potential and conditional inclusion in the Taxonomy or an associated trajectory towards carbon neutrality. Also, activities relating to electricity generation with a threshold higher than the Taxonomy threshold of 100g CO2/kwh will be subject to discussions around a transition trajectory towards carbon neutrality by 2050. As regards the exposures towards companies excluded from EU Paris-aligned Benchmarks, stakeholders insist on the fact that, in order to achieve a zero-carbon economy, the challenge is to green the economy. This goal will be better achieved by implementing an inclusive approach aimed at fostering the development and