DBT publishes research on impact of EU Green Taxonomy Framework on companies
The Department for Business and Trade (DBT) has published a qualitative research study, conducted between October and December 2023, examining the impact of the EU Green Taxonomy Framework on companies. The study utilised in-depth interviews with reporting corporates, financial institutions, consultancy firms, and data providers to examine compliance journeys, identify challenges and cost drivers in reporting, and assess the use and potential gaps in disclosed information. The research identified key challenges in the compliance journey, such as assessing eligibility using the Nomenclature of Economic Activities (NACE) codes, determining substantial contributions, and meeting various criteria. This research aims to inform the potential development of a UK Green Taxonomy.