Compliance with Taxonomy Regulation Disclosures in the German Insurance Market During the Eligibility Transition Period

This paper aims to provide an essential concluding overview of the transitional period of disclosure under the Taxonomy Regulation in the German insurance market. In addition, key figures regarding taxonomy-eligibility are presented, compliance with the required disclosure obligations is measured, and individual exogenously observable factors are examined concerning their contribution to a tendency towards fully compliant reporting. The results provide clues for stakeholders, standard setters, regulators, and the insurance companies themselves as to when an insurance group is expected to deliver fully compliant taxonomy reporting. It can be concluded that size, organizational form, voluntary independent audits, and the place chosen for publication are linked to the extent of compliance with the disclosure requirements. In this context, those indicators may also be used to identify from which market participants can expect a fast and high-quality adaptation to future sustainability-related reporting.