Corporate Alignment with the EU Taxonomy for Sustainable Activities: First Evidence from Financial Accounting Data

Cheema-Fox, AlexCzasonis, MeganKontu, PiyushSerafeim, Georgios2026-04-242025Cheema-Fox, Alex, Megan Czasonis, Piyush Kontu, and George Serafeim. "Corporate Alignment with the EU Taxonomy for Sustainable Activities: First Evidence from Financial Accounting Data." Journal of Applied Corporate Finance 37, no. 2 (Spring 2025): 85–103.1534-6668https://dash.harvard.edu/handle/1/42735356What is sustainable? This question is of paramount importance given the trillions of assets invested according to different sustainability criteria. While until now we have had no standard for answering this question, the European Union's (EU) Taxonomy for sustainable activities aims to provide a comprehensive classification system for environmentally sustainable economic activities. This research paper examines the disclosures of European companies that are part of the Stoxx 600 index in relation to the EU Taxonomy.EnglishCorporate Alignment with the EU Taxonomy for Sustainable Activities: First Evidence from Financial Accounting DataArticle