THE EUROPEAN TAXONOMY A study of Swedish and Norwegian companies view on a European taxonomy

Sammanfattning: This research investigates the effects of EU Taxonomy implementation on sustainability reporting practices among companies in Sweden and Norway. Using an exploratory multiple case study approach, qualitative interviews were conducted to understand personal perceptions and outcomes within Swedish and Norwegian companies. The findings highlight active efforts by companies in both nations to align their reporting practices with the EU Taxonomy's guidelines. While acknowledging its positive impact on sustainability, respondents’ express concerns about complexity, practicality, and interpretation. A recurring theme is the importance of a common language for sustainable activities, tempered by scepticism regarding administrative burdens. One consistent challenge highlighted is the Taxonomy's limited scope, particularly in overseeing building materials and supply chains, which raised questions about its comprehensiveness. As Swedish and Norwegian companies grapple with the taxonomy complexities, ongoing concerns emphasize the need for a refined framework that addresses complexities and accommodates diverse industry contexts, promoting smoother transitions to sustainable business practices.