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Transition Plans, Corporate Reporting & Taxonomy
The Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD), the EU Taxonomy are connected with one point in common: define and accelerate transition finance to boost the green transition of the EU economy.
  • The Corporate Sustainability Reporting Directive (CSRD) mandates large companies and financial institutions to provide detailed sustainability reports, focusing on significant environmental and social impacts, risks and opportunities.
  • The Corporate Sustainability Due Diligence Directive (CSDDD) requires large companies to assess, identify, and mitigate the negative sustainability impacts of their operations or value chains. It also obliges them to set and implement climate targets and transition plans aligned with the 1.5°C threshold.
  • The EU Taxonomy is a classification system that identifies environmentally sustainable economic activities, providing a framework for companies to assess and disclose their sustainability credentials. WWF participated in the creation of the Independent Science-Based Taxonomy, aiming at promoting science-based criteria for the EU Taxonomy,.
  • Transition plans are strategic documents that explain how companies and financial institutions aim to shift towards a sustainable business model or portfolio. They include setting meaningful, science-based sustainability targets, creating strategies to achieve them, detailing the actions and investments needed (often called ‘capital expenditure plans’), and providing annual updates on progress.
WWF is actively advocating for the effective implementation of these measures to drive a just and sustainable transition to a zero-carbon, nature-positive economy.