The State of European Sustainable Business in 2022
As the EU brings in new regulations and reporting regimes , it’s now more important than ever for companies to make sure they are EU taxonomy aligned businesses . 2021 was a record year for sustainable finance: in 11 months to the end of November, investors had already directed over US $285bn into ESG funds. Moreover, global sustainable bond insurance more than doubled compared to 2020, according to a leading European bank. The momentum has continued into 2022, because investors are keen to hold onto their ESG debt, and corporates see that ESG issues affect their business and investment risk. What Does The Future Hold For EU Taxonomy Aligned Businesses ? There are some key themes that businesses need to watch out for going forward, as being an EU taxonomy aligned business is now crucial. Net zero is here to stay. Last year companies’ net zero pledges sharply increased, as the UN Environment Programme requires them to put these commitments into action, in addition to their obligat