The European taxonomy is the beginning of dramatic regulatory action on sustainability

The EU unveiled several new policies including the final taxonomy, a climate law and forward guidance on corporate sustainability disclosuresEurope's climate-focused taxonomy will later be complemented by other environmental, social and transition taxonomiesCompanies & financial institutions will feel an impact as investor expectations continue to rise

The European Union has announced the widely anticipated adoption of its new Taxonomy, and at the same time put its climate change objectives (an at least 55% cut compared to 1990 levels) formally into law. It has also renamed its existing ESG reporting framework as the Corporate Sustainability Reporting Directive (from the Non-Financial Reporting Directive). This major new regulation from Europe will likely have a global impa...