EU social taxonomy for sustainable economic activities: exploring the known and navigating the current issues as well as future research

Autor: Amir Moradi, Rabia Fatima, Tessa Groner, Hugo Gobato Souto
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: Discover Sustainability, Vol 5, Iss 1, Pp 1-18 (2024)
Druh dokumentu: article
ISSN: 2662-9984
24290459
DOI: 10.1007/s43621-024-00501-1
Popis: Abstract This research aims to initiate academic discussion on the European Union (EU) social taxonomy for the purpose of promoting sustainable economic activities that ultimately contribute to achieving the United Nations’ sustainable development goals (SDGs) in the EU. The paper examines the historical evolution of the social taxonomy concept and presents the chronological order of the regulatory advancements that have paved the way for the establishment of both the EU environmental and social taxonomies. This study emphasizes the role of the EU environmental taxonomy as the frontrunner and highlights three fundamental distinctions between taxonomies in terms of objectives, foundations, and measurability. By defining the key performance indicators applicable to entities engaged in taxonomy-aligned economic activities, the paper offers a tabulated framework to understand the core focus areas, sub-objectives, and types of substantial contributions related to each of the three social objectives outlined in the EU taxonomy. Moreover, this paper aims to emphasize the contemporary challenges and the prospective avenues for future research in the field of social taxonomy.
Databáze: Directory of Open Access Journals
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