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Aligning Economic Activity with Climate and Environmental Objectives: A Guide to Responsible Business Practices

Businesses have an important role to play in tackling climate change and environmental degradation. With economic activity being one of the major drivers of global warming , it is essential that businesses take steps to align their operations with climate and environmental objectives . This article provides a guide to responsible business practices that seek to do just that – align economic activity with climate and eu taxonomy aligned environmental objectives. The first step in achieving this alignment is by developing a taxonomy for economic activities . This taxonomy should be based on a set of criteria, such as greenhouse gas emissions , energy efficiency, water usage, resource conservation and waste management. Activities should be assessed against these criteria to determine whether they are eligible for inclusion in the taxonomy or not. Once the taxonomy has been developed, businesses can then use it as an eu taxonomy aligned framework for assessing their activities agains