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EU taxonomy reporting review : aligned-capex investments break the USD 900 billion mark

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<title>EU taxonomy reporting review</title>
<subTitle>: aligned-capex investments break the USD 900 billion mark</subTitle>
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<namePart>Bioy, Hortense </namePart>
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<namePart>Wang, Boya</namePart>
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<publisher>Morningstar</publisher>
<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary">The report analyzes the progress of EU Taxonomy disclosures and aligned investments for FY2024, highlighting a surge in mandatory reporting under the CSRD and cumulative aligned capex surpassing USD 900 billion over three years. Average capex alignment for non-financial companies rose to 28.9%, while revenue and opex alignment remained stable; eligibility levels are about 60% higher than alignment. Utilities lead all sectors with 75% aligned capex, followed by Real Estate and Industrials, while Energy and Materials lag. Spain and Finland report the highest alignment percentages, driven by renewable energy investments, whereas Germany and France dominate in absolute investment volumes. Climate Change Mitigation remains the primary environmental objective, far ahead of Circular Economy and Adaptation. Fund-level alignment is low, with most Article 8 and 9 funds below 10%, though property-focused and renewable energy strategies show stronger alignment. The report underscores the need for simplified rules and broader integration to accelerate Europe's transition toward climate neutrality by 2050</abstract>
<tableOfContents displayLabel="Contents">Key Takeaways -- Taxonomy Alignment Analysis -- Capex Investments -- Spotlight on Taxonomy Objectives -- Taxonomy Alignment in Funds</tableOfContents>
<note type="statement of responsibility">Hortense Bioy, Boya Wang</note>
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<topic>Taxonomías</topic>
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<topic>Normativa comunitaria</topic>
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<topic>Armonización europea</topic>
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<topic>Inversiones privadas</topic>
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<topic>Directiva CSRD</topic>
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<topic>Economía circular</topic>
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<topic>Energías renovables</topic>
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<topic>Inversiones socialmente responsables</topic>
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<geographic>Unión Europea</geographic>
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