Featured in And the winner is… – 01-2023

Weak green-activity scores offer opportunity

The binary approach and rigor of the taxonomy of sustainable activities drawn up by the EU – which labels business as “green” or not – means companies and asset managers score quite low. The first round of reporting showed wide discrepancies between sectors, with real estate companies reporting an average 84.5% of revenue as potentially green against a score of only 4% for consumer staples. Is that down to the backward state of decarbonization or the Manichean nature of the rules? BloombergNEF’s Maia Godemer takes a look.

By

pv magazine

10 Jan 2023

Reporting under the EU taxonomy has begun and the results aren’t pretty. As of Sept. 16, only 25.6% of companies’ revenue, on average, 32% of capital expenditure (capex), and 25.3% of operating expenditure (opex) were eligible for the taxonomy – generated by or invested in activities considered green by the EU, or which have the …

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