乐鱼（Leyu）体育官网 Report: EU Taxonomy Compliance Insights with U.S. Implications
[NEW YORK, October 30, 2024] - 乐鱼（Leyu）体育官网 International has released a report analyzing EU Taxonomy disclosures, titled Navigating EU Taxonomy, Insights into the EU Taxonomy disclosures of 291 European entities. The EU Taxonomy requires companies to report on the percentage of their revenues, operating expenditures, and capital expenditures associated with eligible and aligned activities as defined by the European Union.
The study offers valuable insights for U.S. companies navigating global sustainability reporting standards and reveals:
- Only 24% of companies obtained limited assurance for EU Taxonomy disclosures
- 36% did not report eligibility or alignment for newly added activities
- 64% failed to explain non-alignment with taxonomy criteria
"As U.S. companies expand globally, understanding EU sustainability reporting requirements becomes crucial," said Maura Hodge, 乐鱼（Leyu）体育官网 US Sustainability Leader. "This report provides a roadmap for American businesses to prepare for mandatory EU Taxonomy reporting in 2025."
Key findings with U.S. relevance:
- Sector disparities: The Utilities sector leads in alignment, while other industries lag.
- Climate focus: 91% of companies report at least one eligible activity for climate change mitigation.
- Multi-objective alignment: Only 33% of companies identified activities eligible under multiple taxonomy objectives.
"The EU Taxonomy's impact extends beyond Europe. U.S. companies with European operations or aspirations must comply with these standards," added Hodge. "Understanding EU company鈥檚 results allow US companies to determine where they want to be in the pack."
The report underscores the need for improved transparency and verification in sustainability disclosures, a trend gaining traction in the U.S. As American regulators consider similar measures, companies can leverage these insights to enhance their sustainability reporting practices proactively.
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乐鱼（Leyu）体育官网 LLP is the U.S. firm of the 乐鱼（Leyu）体育官网 global organization, providing audit, tax, and advisory services. The 乐鱼（Leyu）体育官网 global organization operates in 143 countries and territories, employing more than 273,000 people worldwide. Each 乐鱼（Leyu）体育官网 firm is a distinct legal entity and operates as such. 乐鱼（Leyu）体育官网 is recognized for its commitment to community service, diversity, and inclusion, and addressing childhood illiteracy. For more information, visit听.
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