Brian Tomlinson, EY Managing Director, ESG, Financial Accounting Advisory Services welcomes Evan Tylenda, Head of EMEA GS Sustain at Goldman Sachs and Nadia Humphreys, Head of Sustainable Finance Data Solutions at Bloomberg for an in-depth discussion on the EU Sustainable Taxonomy. The trio delves into how the taxonomy aims to standardize what constitutes “green” economic activities, its role in combating greenwashing, and how it influences a company's transition to sustainable practices. They share insights from the first two years of reporting under the taxonomy, highlighting its increasing adoption beyond the mandated European companies and its potential to become a market standard for defining “green” funds. With the incoming expansion of the taxonomy to include four other environmental objectives, they discuss the implications for different sectors and the anticipated shift in the sustainable finance landscape. Finally, they offer advice on leveraging the taxonomy to create a sustainability baseline, embracing voluntary reporting and maintaining transparency, which benefits companies and investors committed to understanding their green footprint and navigating the sustainable finance landscape. The views and opinions expressed are those of the individuals and do not reflect the official policy or position of EY or any other organization. © 2024 Ernst & Young Global Limited