UK Government Report: How the EU Taxonomy Framework Affects Companies
The UK Department for Business and Trade's 2024 report explores the impact of the EU Taxonomy Framework on companies. It reveals challenges in compliance, significant reporting costs, and benefits like improved transparency and investor confidence. The findings are pivotal as the UK develops its own Green Taxonomy to support sustainable finance.
“While directly serving their customers, companies should indirectly serve the interests of society by taking responsibility for the holistic impact of their activities. Its simply a more broad view of value creation. This is what ESG is all about.”
Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth