What is the EU Taxonomy?
The EU Taxonomy is the common name for the European Union Regulation No. 2020/852 (along with delegated regulations) on establishing a framework to facilitate sustainable investments.
It is a set of standards and criteria that help investors, companies, and policymakers identify and classify which economic activities contribute to achieving the European Union’s climate and environmental goals. As such, the EU Taxonomy supports transparency and consistency in the market, making it easier to make informed investment decisions and promoting sustainable development.
Benefits of Implementing the EU Taxonomy
- Sustainable investments: The EU Taxonomy enables investors to identify projects and activities that contribute to environmental protection, promoting sustainable investments.
- Transparency: With clearly defined criteria, the EU Taxonomy enhances transparency in the financial market, helping investors make informed decisions.
- Regulatory compliance: Companies adhering to the EU Taxonomy principles naturally find it easier to meet regulatory requirements and avoid penalties related to non-compliance with environmental standards.
- Market image: Organizations that follow the EU Taxonomy principles are perceived as responsible and sustainable entities, which can attract conscious customers and investors.
- Competitiveness: Companies required to report will expect similar actions from their partners. Therefore, to maintain high competitiveness in the market or expand their potential customer base, businesses should implement the Taxonomy requirements.
Objectives of the EU Taxonomy
- Mitigation of climate change
- Adaptation to climate change
- Sustainable use and protection of water and marine resources
- Transition to a circular economy
- Prevention and control of pollution
- Protection and restoration of biodiversity and ecosystems
Our company offers comprehensive support in the process of implementing the EU Taxonomy. We provide consulting and assistance at every stage, from compliance analysis, through strategy development, to implementation and monitoring. Our team of experts possesses in-depth knowledge and experience, allowing us to effectively support our clients in meeting the EU Taxonomy requirements.
