Since 2018, the European Union’s Sustainable Finance agenda has introduced numerous new regulations and directives for both financial market participants and corporates, like the Sustainable Finance Disclosure Regulation (SFDR), the EU Taxonomy framework, and the Corporate Sustainability Reporting Directive (CSRD). One goal of the EU Sustainable Finance agenda is to reorient capital flows towards sustainable investments (European Commission, 2018). The European Commission estimates that achieving the 2040 and 2050 climate targets will cost approximatively €1.53 trillion annually between 2031-2050 (European Commission, 2024a).