Corporate sustainability: understanding and using the European taxonomy

Making businesses even stronger and more resilient. This is the objective of the European taxonomy introduced in 2020. It is defined through a classification of so-called "green" economic activities. Luca Silipo, head of GEODIS and creator of the GEODIS WorldLab, provides an overview and explanation.

A complex but essential subject since its introduction in 2020, the European taxonomy aims to provide financial incentives for the sustainable transition of EU-based companies and provides them with a framework to position themselves at the forefront of the fight against climate change. Requiring a significant accounting effort, they concern companies with more than 500 employees that are already obliged to communicate on their extra-financial reporting and require them to specify the share of their turnover, investments and expenditure in so-called "green" activities.