EU Taxonomy Solution
Customise reporting responsibility at a granular level and get your hands on audit-ready data, straight out of the gate. Dynamic software features are aligned with EU Taxonomy requirements and environmental objectives, adjustable to the needs and structure of your organisation.
Our sustainability and finance experts are on hand to ensure you pinpoint the right data for robust reporting while optimising performance through insights. Book a free demo today to see our taxonomy software in action.
High-impact EU Taxonomy software features
Get started on accurately disclosing the sustainable investment objectives needed for compliance. Our taxonomy experts ensure you have KPIs for assured reporting of your turnover, capital expenditure (CapEx) and operating expenses (OpEx) data.
High-impact EU Taxonomy reporting features
Assess alignment against EU Taxonomy criteria and get a clear view of your data with tailored dashboards. A flexible data collection structure enables collaborative reporting across different sites, subsidiaries and/or plants, and the insights to drive improvements.
High-impact EU Taxonomy reporting features
Avoid the hassle of double reporting. Consolidate and report taxonomy data in line with key standards and frameworks right out of the box – such as CSRD, SFDR, CDP and GRI – or align with your framework of choice. It’s clear and traceable data, all in one place.
Lighten the taxonomy workload from day one. Our expert advisors ensure a smooth transition from assessing alignment and data priorities to self-managing impactful disclosures over time.
Upskill your organisation and anchor compliance with courses on EU Taxonomy and related frameworks. Build the foundation to slim down data management processes and optimise value at speed.
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The EU Taxonomy is a classification system developed by the European Union (EU) to identify and define economic activities that are considered environmentally sustainable. It was introduced to address the urgent need for a standardised, science-based framework for defining environmentally sustainable economic activities. The taxonomy provides a framework for assessing the degree to which an economic activity contributes to one or more of the EU’s six environmental objectives: climate change mitigation, climate change adaptation, sustainable use and protection of water and marine resources, transition to a circular economy, pollution prevention and control, and protection and restoration of biodiversity and ecosystems.
For a business to be classified as environmentally sustainable according to the taxonomy, it should fundamentally contribute to one or more of the six determined sustainability and environmental objectives, and at the same time not cause significant damage to any of the remaining objectives.
The EU Taxonomy Regulation will require the majority of large companies to report on the environmental sustainability of their economic activities. The requirement operates solely at the EU level and not at national level. Companies that fall under the scope of the Corporate Sustainability Reporting Directive (CSRD) have to report in their annual reports to what extent their activities are covered by the EU Taxonomy (Taxonomy-eligibility) and comply with the criteria set in the Taxonomy delegated acts (Taxonomy-alignment). Companies that do not fall under the scope of CSRD can choose to disclose this information voluntarily, for example, to gain access to sustainable financing or for other business-related reasons.
As ESG performance and green transition increasingly fuel the agendas of businesses worldwide, the application of the EU Taxonomy is expected to extend throughout and beyond Europe in the future. Within the EU alone, the coming years will see the scope of the taxonomy grow from encompassing around 11,000 companies (2022) to more than 50,000 companies.
