The Platform on Sustainable Finance, an advisory body to the European Commission, has published a report recommending measures to simplify EU taxonomy reporting and enhance its effectiveness. The report, based on a review of market practices and stakeholder feedback, offers evidence-based recommendations to improve taxonomy reporting. Key areas for improvement include simplification of reporting requirements, data access, and coherence with other regulations. The report, which will be presented in a webinar on 14 February 2025, is based on two years of market observations, pilot projects, and stakeholder outreach.