EU Taxonomy Regulation for Risk Managers
What does EU Taxonomy Regulation require of a Risk Manager?
Regulation (EU) 2020/852 of 18 June 2020 establishing a framework to facilitate sustainable investment ('the Taxonomy Regulation'). Under EU Taxonomy Regulation, which defines 16 controls, a Risk Manager's work is deciding which controls you own outright, which you share and which belong to another team, then holding the evidence for the first group.
Which EU Taxonomy Regulation controls land on the Risk Manager
Risk Managers identify, assess, and prioritise organisational risks. They build risk registers, conduct risk assessments, define risk appetite, and ensure that compliance frameworks address the most material threats to the organisation.
EU Taxonomy Regulation defines 16 controls across 8 domains that directly affect the Risk Manager role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.
What a Risk Manager is accountable for under EU Taxonomy Regulation
Conducting enterprise risk assessments and maintaining the risk register
Defining risk appetite and tolerance levels with executive leadership
Mapping compliance controls to identified risks for coverage analysis
Monitoring key risk indicators (KRIs) and escalating emerging threats
Integrating compliance, operational, and strategic risk management
Where Risk Managers lose time on EU Taxonomy Regulation
These are the most common obstacles Risk Managers face when managing EU Taxonomy Regulation compliance, and how to address them:
Challenge 1
Quantifying cyber risk in financial terms that resonate with executives
Challenge 2
Identifying gaps between compliance control coverage and actual risk exposure
Challenge 3
Integrating risk data from siloed tools and departments
Challenge 4
Keeping risk assessments current as the threat landscape evolves
Challenge 5
Prioritising remediation when resources are limited
A working order for a Risk Manager starting on EU Taxonomy Regulation
1. Readiness Assessment
Take a 5-minute readiness assessment to identify your organisation's current gap profile against EU Taxonomy Regulation. Get a prioritised action plan tailored to your specific situation.
2. Cross-Framework Mapping
Use our platform to map EU Taxonomy Regulation controls against other frameworks you already comply with. EU Taxonomy Regulation maps to 2 other frameworks in our database.
3. Build Your Toolkit
Equip yourself with EU Taxonomy Regulation toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for Risk Managers managing compliance programmes.
4. Continuous Monitoring
Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.
EU Taxonomy Regulation in your sector
Who else owns part of EU Taxonomy Regulation
Questions Risk Managers ask about EU Taxonomy Regulation
What does a Risk Manager need to know about EU Taxonomy Regulation?
How does EU Taxonomy Regulation affect the Risk Manager role?
What are the biggest EU Taxonomy Regulation challenges for Risk Managers?
How should a Risk Manager prepare for a EU Taxonomy Regulation audit?
What tools help Risk Managers manage EU Taxonomy Regulation compliance?
Risk Manager: How ready is your organisation for EU Taxonomy Regulation?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.