Companies with the highest turnover in Europe, predominantly operating in the green sector
European Companies Lead the Way in Green Turnover for 2022
In a recent analysis by EY's EU taxonomy barometer report, 350 listed European companies from 17 countries were examined, revealing some interesting insights into the greenest companies on the continent.
The power & utilities sector emerged as the sector with the highest revenues (30%) aligned with the European environmental taxonomy objectives in 2022. However, several other countries also made significant strides towards environmentally sustainable practices.
Austria led the way with 16% of its companies boasting the greenest turnover, followed closely by Italy, Finland, and Spain, all tied with 14%. Belgium and Luxembourg also showed strong performances with 17% and 15% green turnover respectively.
The European environmental taxonomy is not limited to the energy and public utility services sector. It includes objectives related to sustainable use and protection of marine resources, as well as water resources. One of the primary objectives is the mitigation of the effects of climate change, with adaptation to climate change also being an important consideration.
However, the specific objectives of the European environmental taxonomy have not been specified in the context of the given report. The report also does not provide information about the ranking of sectors based on the percentage of revenues aligned with its objectives, nor does it specify the number of companies from each country that meet its objectives or the distribution of companies with the greenest turnover across different sectors.
Despite these gaps in information, it is clear that many European companies are making significant strides towards environmentally sustainable practices. The European company with the highest turnover alignment with environmental taxonomy objectives in 2022 remains undisclosed, as the search results do not include specific information from EY's EU taxonomy barometer report or name any company by turnover aligned with these EU taxonomy objectives. For more detailed information, direct reference to EY’s official publication from 2022 would be required.
- The power & utilities sector, having the highest revenues aligned with the European environmental taxonomy objectives, is a key player in the green economy, as revealed in the EY's EU taxonomy barometer report analysis.
- Given that the European environmental taxonomy encompasses objectives related to climate change mitigation, sustainable use of marine resources, and adaptation to climate change, it's apparent that companies are adopting various strategies to meet these objectives.
- The findings of the report indicate a competitive landscape among European countries in terms of companies with green turnover, with Austria, Italy, Finland, Spain, Belgium, and Luxembourg leading the way, but the exact ranking and identity of the European company with the highest turnover alignment with environmental taxonomy objectives in 2022 remains undisclosed.
