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The sustainability taxonomy is the EU’s single most important piece of ESG regulation. As such, it is an important part of our research into a company´s sustainability profile. As the framework develops, expands and more companies start disclosing numbers on this, it will grow even more in importance. We show the numbers in our “Sustainable Business Models” spreadsheet, but as there are very few companies that as of now do report this, limited conclusions can be drawn from this. But of more importance as of today, the “Do No Significant Harm” aspect of the Taxonomy is something we include for all holdings in our analysis. We will of course stay abreast of developments in this area and look forward to more companies disclosing numbers in the coming year.