Delve into the sector-specific trends shaping the landscape of EU Taxonomy reporting in its first year.
In 2023, the full disclosure of EU Taxonomy metrics became mandatory for companies subject to the EU’s Non-Financial Reporting Directive (NFRD). Europe was the first region to make taxonomy disclosures mandatory for over 2,000 companies. This has resulted in a substantial amount of new sustainability-related data being made available to the market. However, it’s one thing to have access to this data; it’s quite another to understand how to interpret and use it.
CDP introduced questions on sustainable finance taxonomies in its 2023 climate change questionnaire to gather data on companies' activities under the EU Taxonomy.
The EU Taxonomy Sector Snapshot compiles this new data in a series of reports that explore the emerging patterns on EU Taxonomy within industries.