Addressing 4 Key Challenges for Corporate EU Taxonomy Reporting

The EU Taxonomy written by the Technical Expert Group on Sustainable Finance defines the mandatory reporting designed to align sustainable investment with EU-based companies contributing toward climate change mitigation and adaption. The ultimate objective is to support the EU’s target of being net zero in carbon emissions by 2050. It will be a new requirement for large companies (above 500 employees) with entities in the EU from 2022, which means collecting data in 2021. UL is a leading provider of ESG software and advisory services, here we discuss some of the operational challenge’s companies are facing in reporting and the solutions they are applying.