Next Article in Journal
Riparian Land-Use, Stream Morphology and Streambank Erosion within Grazed Pastures in Southern Iowa, USA: A Catchment-Wide Perspective
Next Article in Special Issue
Exploring Determinants of Innovation Capability in Manufacturing Companies Operating in Poland
Previous Article in Journal
Climate Risk and Vulnerability Assessment of Floods in Austria: Mapping Homogenous Regions, Hotspots and Typologies
Previous Article in Special Issue
The Determinants of ESG Rating in the Financial Industry: The Same Old Story or a Different Tale?
Open AccessArticle

Classification of Sustainable Activities: EU Taxonomy and Scientific Literature

Department of Management, Università Politecnica Delle Marche, Piazzale R. Martelli 8, 60121 Ancona, Italy
Author to whom correspondence should be addressed.
Sustainability 2020, 12(16), 6460;
Received: 16 July 2020 / Revised: 6 August 2020 / Accepted: 7 August 2020 / Published: 11 August 2020
In March 2020, the European Commission published the EU Taxonomy, a classification system of economic activities that can be considered environmentally sustainable. Motivated by this policy initiative, we propose a bibliometric analysis, based on the Web of Science database for the period January 1990–March 2020, regarding the extant scientific production related to the EU Taxonomy environmental objectives and macro-sectors. We find that a considerable number of scientific works—161,595 publications—have investigated Taxonomy-related areas, showing that the EU Taxonomy defined a working method, based on the cooperation among regulators, academics, and industry, representing a valuable example of evidence-based policy making. Furthermore, topic modelling analysis shows that extracted papers focused on improvements in production processes, innovation, and environmental performance. Thus, exploiting time and geographic patterns of the scientific publications, we perform a multivariate analysis to investigate its relationship with subsequent levels of pollution. Our evidence shows that, for the past, a higher level of EU Taxonomy-related publications is associated with a lower level of CO2 emissions, supporting the view that scientific production has a societal impact in terms of environmental sustainability. Accordingly, now that EU Taxonomy-related topics have been incorporated into policy measures, further positive environmental effects are expected from here on out. View Full-Text
Keywords: sustainable economic activities; environmental objectives; Taxonomy; sustainable finance; carbon emissions sustainable economic activities; environmental objectives; Taxonomy; sustainable finance; carbon emissions
Show Figures

Figure 1

MDPI and ACS Style

Lucarelli, C.; Mazzoli, C.; Rancan, M.; Severini, S. Classification of Sustainable Activities: EU Taxonomy and Scientific Literature. Sustainability 2020, 12, 6460.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

Search more from Scilit
Back to TopTop