Nordea expert on the EU Taxonomy: It’s a work in progress
From the original
Sustainable finance Nordea expert on the EU Taxonomy: It’s a work in progress 07-06-2022 As companies begin to report on their eligibility under the EU's ambitious green labelling system, the Taxonomy, many are surprised to find out that their activities are not included. Nordea'
Related speeches
4 itemsThe final EU Taxonomy and next steps in sustainable finance
A first look at companies’ EU Taxonomy reporting
Nordic companies’ EU Taxonomy alignment on the rise
The desk interprets that Nordic companies are gradually improving their alignment with the EU Taxonomy, signaling a broader embrace of sustainable finance. Per the full note from Nordea, the average revenue alignment among these companies rose from 7.5% in 2022 to 8.0% in 2023, although this remains below the 12% forecasted prior to the introduction of the Taxonomy reporting. This growing trend hints at the potential for further upward movement as firms become more accustomed to the framework and the green economy expands, indicating a possible shift in corporate investment strategies toward sustainability.
More from NORDEA INSIGHTS
5 items- NORDEA INSIGHTS
How trade polarisation is reshaping global commerce
- NORDEA INSIGHTS
CIP acquires Ørsted renewable energy platform in a EUR 1.4bn deal with Nordea providing funding
- NORDEA INSIGHTS
Financing the next generation of energy
- NORDEA INSIGHTS
Weaponised currencies and FX fragmentation: What treasurers should do