Apex Group has expanded its ESG offering with the launch of an EU Taxonomy Solution to ensure clients’ alignment, ahead of growing disclosure requirements.
The EU Taxonomy is a classification system to identify environmentally sustainable economic activities within companies and portfolios. EU Taxonomy reporting is required for investors seeking alignment with Sustainable Finance Disclosure Regulation Article 9 and companies in scope of the EU Non-Financial Reporting Directive.
Disclosures that contribute to climate change mitigation and adaption have been applicable under the EU Taxonomy since 2022. From 2023, disclosures will be required on contributions to water protection, the circular economy, pollution prevention, biodiversity and ecosystems.
Joshua Brunert, global head of ESG product at Apex Group said: “We believe that the EU Taxonomy is going to be the key framework for reallocating capital towards sustainable activities in the coming years. It is a major enabler of sustainable investment, helping companies and investors to prove their ESG credentials, stand out from competitors, and drive positive change. Enabling our in-scope clients to demonstrate alignment with the EU Taxonomy is only the beginning – with over twenty green taxonomies in place, in development or under discussion worldwide it is crucial that investors act to understand and report taxonomy alignment data sooner, rather than later.”
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