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Taxonomy Regulation as a New Instrument for the Sustainable Management of the Forest Environment in Europe
Regulation (EU) 2020/852 of the European Parliament, also known as the Taxonomy Regulation, facilitates environmentally sustainable investments. It is part of the concept of the European Green Deal and a ‘tool’ for financial institutions, enterprises, and investors, facilitating the assessment of the environmental impact of a particular project. The Regulation contains the criteria an activity must meet to be considered environmentally sustainable. The role of the Taxonomy Regulation is to enable the flow of public and private capital towards ecological and sustainable activities. The document does not need to be implemented into the legal order of individual EU member-states, which results in its direct application. The main financial instruments enabling the achievement of the goals of the Taxonomy Regulation may be green bonds and other forms of capital raising by entrepreneurs and forest ownership structures. The assumption of the Regulation is to achieve the principles of sustainable environmental activity when spending funds obtained from private investors. It is an issue of key significance to identify the areas of management and financial accounting in the operational activities of forest enterprises that can be qualified for the Taxonomy Regulation. Forestry activities, including the processes mentioned therein, the objectives of the New EU Forest Strategy, and the LULUCF Regulation, are to play an essential role in reducing greenhouse gas emissions. The role of forestry in the supply chain in its broad sense is also considered. Forestry and forest management can receive capital for sustainable development due to the threat resulting from exclusions that strengthen the protective function of the forest (the protection of biodiversity). These processes will occur at the expense of production and numerous social functions.
The Importance of Information Flow Relevant to Sustainable Forestry and the European Green Deal: The Case of Poland
The aim of the conducted research was to develop a classification of relevant/sustainable information by indicating the links between relevant information and the various functions of forests, and to obtain information on the value of specific sustainable forestry information for users of reporting information. The specific objectives include indicating the weight of information regarding sustainable development contained in the 2030 Forestry Strategy. The research was carried out using the example of the State Forests of Poland in correlation with the actions and initiatives of the European Green Deal, identifying the enduring functions of sustainable forestry, and attempting to relate them to the relevant information disclosed in mandatory reporting. The research problem was formulated as the question: which information disclosed in reporting, including statistical data, is considered by information users to be the most useful? The study was implemented through the development of survey questionnaires aimed at examining the information needs of information users. The study employed the triangulation method, in particular: a literature analysis and critique, a logical analysis and construction, and the snowball sampling method. Triangulation ensures the reliability of the research approach as well as the acquisition of comprehensive and contextual knowledge about the given phenomenon. The results of the empirical research indicated which pieces of information disclosed in the reporting on the activities of the State Forests are particularly useful for internal stakeholders and which do not necessarily provide value and therefore may be omitted in reporting. The study presented in the article constitutes the first empirical study of its kind in Poland, conducted in the context of understanding and defining relevant information from the perspective of sustainable forestry. The study illustrates individual behaviors in the context of the information currently disclosed in correlation with their usefulness.