The EU Taxonomy: What’s Next?
CSR Europe’s corporate members are invited to join the Atelier “Meeting the requirements of the EU Taxonomy pt.2” on 9th December.
The event gives companies a head start in the preparations for the upcoming reporting cycle.
The EU Taxonomy is an important tool of the new Sustainable Finance Strategy to help Europe meet its climate commitments under the Paris Agreement. “We need to find new ways to invest for our planet, not against it” said Mairead McGuinness, European Commissioner for Financial Stability, during her keynote speech at the European SDG Summit 2021. “We are doing our part in terms of public money. But we won’t reach the next frontier of sustainable finance with public money alone. We need the private sector to play a leading role: bringing business and citizen with us on the way to climate neutrality is essential”.
View the full High-Level Plenary “Financing the Future”
The EU Taxonomy helps shifting investments where they are most needed by classifying environmentally sustainable economic activities and sectors that play a key role in climate change mitigation and adaptation. According to the new timeline sets out in the Taxonomy’s Delegated Act, published in July this year, companies will have to publish their first Taxonomy Eligibility Report in 2022. In order to be taxonomy-eligible, an economic activity must contribute substantially to at least one of the six environmental objectives and do no significant harm to the others.
Get a head start to meet the new reporting requirements
CSR Europe’s corporate members are invited to join the upcoming Atelier session “Meeting the requirements of the EU Taxonomy pt.2” on 9th of December. The event aims at preparing CSR Europe’s corporate members for the upcoming reporting cycle.
At the Atelier, analysts from Moody’s ESG Solutions as well as experts from multinational corporations, the financial sector and institutions will focus on the transformation brought about by the Taxonomy to the reporting practices, including the main thresholds, criteria, and related alignment challenges. Emphasis will be given to the requirements and the format of reporting practices, as well as the risks companies face when they fail to align to the Taxonomy Regulation.
The event builds up on the learnings of the first session, when CSR Europe invited members of the EU Platform on Sustainable Finance to present their work on Taxonomy, and frontrunner companies that have already implemented internal processes to align with the Regulation.
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