Initially, the taxonomy was designed for finance to classify “green” assets with a view to accelerating the climate transition and achieving carbon neutrality by 2050. Because to achieve this, as we know, it will be necessary to allocate massive amounts of capital to this transition.
"The idea is to have a common grammar between financiers, it is above all a tool for transparency
", specifies Philippe Zaouati, CEO of Mirova, a management company dedicated to sustainable investment.
“
It is a language standardization tool between the financial sector and businesses
,” insists Brice Javaux, of KPMG.
Concretely, the taxonomy, effective this year, requires fund managers, bankers or insurers to declare what, in their portfolios, complies with this classification.
Large companies must do the same on their turnover, capital investment (capex) and operational investment (opex).
At this point, the transparency effort covers some 70 sectors…
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