Many sustainability experts are nowadays working hard with sustainability and EU taxonomy reporting. Reporting feels more impactful if it is combined with strategic thinking leading to sustainable practices.
The EU Platform on Sustainable Finance published A Compendium of Market Practices in January 2024. It presents a compendium of early practices, financial products, instruments and initiatives that market participants are employing to transition their business models and investments. Findings on taxonomy capex numbers show that transition is happening, specifically in certain sectors.
What I find interesting, relating to the first mentioned strategic thinking behind reporting, are the peer-to-peer recommendations in the platform’s report.
The Corporate stakeholder group encourages peers to:
☘️Define EU Taxonomy alignment roadmaps and targets
☘️Integrate Taxonomy-aligned capex KPI and plans as part of the CSRD ESRS transition plan disclosures
☘️Issue sustainable finance transactions, making use of green or sustainability-linked instruments that are based on KPIs that signal a Taxonomy transition
☘️Actively engage with supply chains and prepare for CSRD ESRS disclosures and CSDDD
☘️Use the EU Taxonomy stakeholder request mechanism to suggest new activities or revision of existing criteria
☘️Consider providing Taxonomy-alignment analysis to credit institutions when they seek activity-specific financing to improve information flows
#eutaxonomy #csrd #csddd #esrs #transition #climate #greenfinance
Kaarina Saramäki 