7 tips for getting familiar with the EU Taxonomy
The EU Taxonomy is a classification system for environmentally friendly business and finance, and one of the biggest climate frameworks ever to be implemented. It will change the way we talk and act about sustainability in the future, and sets out to facilitate green financing in the EU.
Whether you’ve just heard the term for the first time, or are thirsting more information on the topic, we have your back. With these seven tips to read, listen and watch, you can make sure that you understand the EU Taxonomy, the possibilities it brings, and how to adapt to it in your business.
1. TEG final report on the EU Taxonomy
Firstly, if you want to get familiar with the EU Taxonomy, download the TEG final report on the EU taxonomy. It’s an official document published by the EU, and it contains all the information you need to get to know the objectives of the EU Taxonomy, deadlines, practical use cases and examples, as well as a list of the industries included affected by the framework. The EU’s own webpage for the Taxonomy also includes other helpful links that might be of use.
2. The Technical Annex
If you want to dive deeper into the background of the framework, and understand how the EU Taxonomy came to be, its methodology, and gain full understanding of the technical screening criteria, we suggest you visit the Technical Annex. Its nearly 600 pages are pretty heavy reading, but should not leave any stones unturned when it comes to why and how different industries are affected.
3. Podcast by ESG Insider
If you prefer learning by listening, The ESG Insider has made a podcast episode, which goes through the basics of the EU Taxonomy and how it works. This episode explains in a pedagogic way what the EU Taxonomy is and opens up why creating a green framework is quite a complex task for any establishment.
4. PRI use cases
Especially for investors, PRI facilitates a page filled with a little bit of everything. Read their blog or examine case studies of investment managers and asset owners that have implemented the EU Taxonomy on a voluntary basis prior to the legal requirements set into force.
5. Webinar by Climate Bond Initiative
For an extensive take on how the EU Taxonomy affects specific industries, take a look at Climate Bonds Initiative’s series on Youtube. The webinar series discusses, together with the TEG members, about how individual industries are affected by the EU Taxonomy, and the regulation’s adaptation and resilience.
6. Financial publications
Follow niched publications like The European Financial Review , NordSIP and Responsible Investor for insights, news and updates. The EU Taxonomy is a green finance-focused framework and financial publications are the perfect media outlets for updates. When you have a diverse pool of sources, it’s easier to get a holistic understanding even of a complex matter, like the EU Taxonomy.
7. Worldfavor Taxonomy Guide
The Worldfavor Taxonomy Guide: For a holistic understanding of the EU Taxonomy, but in a more compact format than the official EU documents, download the Worldfavor EU Taxonomy Guide. It will give you the background and objectives of the regulation, and an overview of whom it affects and how. Find out if your organization is affected!
Align your organization with the EU Taxonomy
Is your organization affected by the legal requirements of the EU Taxonomy but you don’t know where to start? Worldfavor's digital platform is the fastest and easiest way to future-proof your organization, assess EU Taxonomy alignment and comply with required actions. Book a demo today to find out more.
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