EU taxonomy and the future of ESG reporting
This is an excellent MUST READ paper summarising the EU’s sustainability (legislative) infrastructure directed towards its overarching objective to the worlds first carbon neutral trading bloc.
Incredibly useful take-always include:
– Illustration of how the EU Taxonomy, CSRD and SFDR work together
– Link to EU Taxonomy Compass
– Benefits of aligning with the Taxonomy including a link to MSCI’s study suggesting links between good ESG scores and lower costs of capital
Read this now to better understand the context of the draft European Sustainability Reporting Standards (ESRS) standards expected at the end of this month.