Jaakko Kooroshy, Lily Dai & Lee Clements
The greening of the global economy presents significant opportunities. However, investors and policymakers face a common challenge: How can green business activities be systematically identified, categorized, and measured across diverse sectors, supply chains and asset classes to mobilize investment at scale?
This research paper discusses the need for green taxonomies, summarizes the development of and approaches taken by the EU Taxonomy and the FTSE Russell Green Revenues Classification System (GRCS), and examines the overlaps and points of difference between the two approaches. Importantly, it explains how GRCS dataset can provide a steppingstone for investors to comply with the requirements of the EU Taxonomy regulation.