What is the benefit of being an early mover?
It seems obvious that companies (regardless of size) aligning with the taxonomy will benefit when meeting with investors, banks, insurance companies and customers. These stakeholders are eager to see this come into effect as soon as possible. But there are more benefits from moving fast. The EU taxonomy is open on how to work with the taxonomy – how to comply and report is still in the making and very much open to interpretation.
So, in the months to come, early movers may well define or at least greatly impact the way business works with the taxonomy and what are considered best practices. If you want to push the agenda, participate in the discussions or just get to the table as fast as possible, taxonomy assessing your company in a way that makes sense for you is still up for grab.