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Taxonomy In Retail. How Did The Companies Comply With The Legislation?

Author

Listed:
  • Brindusa Mariana BEJAN

    (Babeș-Bolyai University of Cluj-Napoca, Faculty of Economics and Business Administration, Marketing Department, Cluj-Napoca, Romania)

  • Ciprian-Marcel POP

    (Babeș-Bolyai University of Cluj-Napoca, Faculty of Economics and Business Administration, Marketing Department, Cluj-Napoca, Romania)

Abstract

Every day we face the effects of pollution on our daily existence. We are exposed to advertising promoting the green behavior of retailers, but we have no certainty as to the veracity of this information. Thus, the question that was the basis of this research refers to how we can identify businesses or companies that carry out sustainable activity. In support of consumers, there is the legislative framework, which, through the taxonomy directives at the level of the European Union, mentions the objectives that a company must fulfill to be considered as having a sustainable character. In carrying out this scientific approach, we undertook a documentary research on the sustainable behavior of retailers in the field of fast-moving consumer goods (FMCG). We identified the most important companies on the market (the top three) and followed how the sustainability reports they make available to the public include the legislative provisions and the reporting required by them. The results obtained highlighted the fact that, by the legislation, the aspects related to the first objectives of the taxonomy are mentioned, but no additional information is provided regarding the expenses resulting from the sustainable activities that the companies carry out. Among the objectives of this scientific approach is the identification of how the companies complied with the legislative provisions and the analysis of how they materialized. Following the research undertaken, it could be observed that the most common, in sustainability reports, are the measures undertaken by companies to adapt to environmental changes and the actions undertaken to protect them.

Suggested Citation

  • Brindusa Mariana BEJAN & Ciprian-Marcel POP, 2024. "Taxonomy In Retail. How Did The Companies Comply With The Legislation?," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 33(1), pages 479-487, July.
    • Handle: RePEc:ora:journl:v:33:y:2024:i:1:p:479-487
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    taxonomy; retail; EU regulation 2020/852; operational expenditure (OpEx); capital expenditure (CaPex); sustainability;
    All these keywords.

    JEL classification:

    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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