Based on our reviews and analyses and the experiences of major European companies that we share, we are making 24 proposals to the European Commission.
We explored the limits of the taxonomic system, in particular the inconsistencies in the reporting required of companies, and we propose guidelines for pragmatic and sustainable changes, with a view to reconciling the challenges of economic competitiveness and climate strategy and making the Taxonomy a real economic steering tool for the whole European economy.
Between maintaining the Taxonomy as it was designed and radically limiting its scope, there is a middle way that:
✅ Capitalises on the regulatory work carried out over the past 5 years and the efforts made by companies to assimilate it,
✅ Does not renounce the overall ambition of the European Green Deal carried out by the previous mandate of the Commission and the Member States, and
✅ Allows, through a pragmatic approach, to make the Taxonomy an employable tool used by companies and financial actors, capable of accelerating the transition of the European economy.
In this note:
1️⃣ We develop why and how it is necessary to simplify taxonomic reporting for companies,
2️⃣ We document the need to continue to complete the scope of activities covered,
3️⃣ We take a forward-looking look at the drivers on which to rely to make the Taxonomy a real tool for economic management of the transition.
