In response to the European Commission's mandate, the Platform for Sustainable Finance, an advisory body to the Commission, has published a report presenting a set of evidence-based recommendations to simplify taxonomy reporting and increase its effectiveness.

Following a comprehensive review of market practices, pilot projects and stakeholder feedback from investors, banks, insurers, corporates, SMEs, auditors and consultants, the report identifies key areas for improvement, including simplification, access to data and regulatory coherence. Building on previous work, including the recommendations on data and usability (2022) and the market practice review (2024), the report provides targeted recommendations from the European Commission. (More at finance.ec.europa.eu)