As the EU strives towards achieving climate neutrality by 2050, the EU Taxonomy serves as a critical framework for classifying sustainable economic activities. Understanding these requirements is essential for investors to make informed decisions and for issuers to ensure compliance and transparency in their sustainability disclosures. However, navigating the complexities of taxonomy reporting requirements for financial institutions and those classified as mixed groups poses significant challenges.

Drawing on research from Morningstar Sustainalytics’ EU Taxonomy Solution, our new report analyzes financial institutions’ compliance with taxonomy reporting requirements. Of the 155 reporting financial institutions in our research universe, many failed to meet the requirements.  

Read this report to learn about:

• The EU Taxonomy’s reporting requirements for financial institutions.
• How the complexity of these reporting requirements poses challenges for large financial institutions and mixed group issuers.
• Why some financial institutions and mixed group companies still struggle to comply in their recent reporting, despite additional guidance from the European Union.