How to deal with
EU Taxonomy disclosures

An insight into the Dutch market

The EU Taxonomy provides companies, investors, and policymakers with clear definitions of economic activities that can be considered environmentally sustainable. It has been set up as a so-called green classification system. This year, companies had to report on the EU Taxonomy for the first time, covering two of the mandatory environmental objectives climate change mitigation and adaptation. Sustainalize has analyzed the disclosures of approximately 35 AEX/AMX companies, investigating the responsivity of this new legislation. In this research report, we provide you with a deeper understanding of what the EU Taxonomy entails and insights into common practices and lessons learned.

Key takeaways from the research report

We can safely say that almost all AEX- and AMX-listed companies have included information on the EU Taxonomy in their annual report. The most salient observations were:

  • Out of the 35 companies part of the analysis, 34 companies reported the mandatory information on the EU Taxonomy (97%);
  • As this was the first year of mandatory reporting, we noticed a big variety in the quality and quantity of data presented;
  • Of the companies analyzed, half of them have economic activities that are part of the Taxonomy’s annexes climate change mitigation and adaptation. The percentages of eligibility varied.
  • Only 9% of the companies included the EU taxonomy in their non-financial assurance by an external accountant.
  • While most companies have met EU Taxonomy requirements, only a few have taken the opportunity to look at the EU Taxonomy from a strategic point of view.
  • Although it was not yet mandatory for the reporting year 2021, it is remarkable that not a single company in this research reported on alignment. This will become mandatory from 2022.

Would you like to know more about how to use the EU Taxonomy to your company’s advantage? Download our research report ‘How to deal with EU Taxonomy disclosures’ on your right.

 

Would you like to know more about how to use the EU Taxonomy to your company’s advantage? Download our research report ‘How to deal with EU Taxonomy disclosures’ below.

Authors
Cedric Bodart

Cedric Bodart

Consultant, Sustainalize

Jessica Boekhoudt

Jessica Boekhoudt

Team Lead Corporate Sustainability & Climate Change, Sustainalize

Marleen Blanson Henkemans

Former colleague, Sustainalize

Joke Hansum

Former intern, Sustainalize

Don’t hesitate to reach out to our colleagues if you have questions regarding this topic or need any help or assistance in your reporting process.

Published on: 13 June 2022

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