Implementing Taxonomy

Poul Lykkesfeldt () and Laurits Louis Kjaergaard ()

Chapter Chapter 34 in Investor Relations and ESG Reporting in a Regulatory Perspective, 2022, pp 269-274 from Springer

Abstract: Abstract EU countries and governments already make estimates of carbon footprint and other ESG criteria to determine a country’s green economy. Different data sources are used, like administrative data, telephone calls and regular production surveys, and many companies provide data at a very detailed product level, i.e. bottom-up. The taxonomy framework should assist in overall transparency by having the company’s report the necessary data themselves and determine what sustainable economic activities is. In addition, it allows transparency for companies to report net-zero emission ambitions on different layers of their supply chain (so-called scope 1, 2 and 3). Taxonomy is implemented in three stages: identify economic activity, determine eligibility and report KPIs.

Keywords: Taxonomy; Scope 1–3; CSRD; Economic activity; DNSH; KPI reporting; OPEX KPI; CAPEX KPI; Implementing taxonomy (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-3-031-05800-4_34

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