The analysis relies on a sample accounting for 31% of Afep Members. Overall, the average alignment stands at 15%, 20% and 12% for turnover, CapEx and OpEx key performance indicators. CapEx is on average the highest metric regarding both alignment and eligibility. Most of the aligned activities are enabling activities, and most are disclosed as contributing to climate change mitigation. This study shows that the proportion of aligned activities is larger than expected but represents a small part of companies’ activities. This raises the question of whether the Taxonomy will really support transition. This question should however be mitigated by the fact that the Taxonomy is a journey and what eventually matters is the trajectory. In this regard the CapEx KPI appears to be the most useful tool for both reporting entities and investors.
Europe / Energie climat environnement - Europe / Financement des entreprises - Europe / Responsabilité sociétale des entreprises / October 2023