Align your business with the EU Taxonomy now

The EU Taxonomy requires European financial and non-financial companies to demonstrate the environmental sustainability of their economic activities. The first disclosures already applies, so it is time to act.

The first EU Taxonomy disclosures came into effect at January 1st 2022. This makes aligning your business activities with the requirements an urgent matter. However, many businesses are still insecure about whether they are affected and what steps to take in the disclosure process.

Although the EU Taxonomy is intended to provide a common understanding of economic activities, it might be hard to understand what exactly the requirements will mean for your business. The framework can easily appear complex and extensive, so you might be wondering how to navigate in this complicated field.

On this site, you can find out more about how Ramboll's team of experts can help your business align with the environmental objectives as defined in the EU Taxonomy.

What our experts say about the EU Taxonomy

10 take-aways from working with EU Taxonomy alignment

Confusion, uncertainty, and even disillusionment prevails in many companies with respect to the EU Taxonomy alignment process. In this thought-piece, our taxonomy experts present key lessons learned from their hands-on experience helping clients navigate in the EU Taxonomy journey.

> Read the full article here

Why the EU Taxonomy is about much more than climate

The two objectives 'climate change mitigation' and 'climate change adaptation' represent the current priorities. In this article, we place an emphasis on the other four objectives outlining why these are no less important and indeed may prove more complex than the two climate specific objectives.

> Read the full article here

5 reasons to start aligning with the EU Taxonomy today

Ramboll's EU Taxonomy experts share with you five reasons to get going with the EU taxonomy alignment today. There are some clear benefits to be gained for companies who act now. This includes better access to finance as well as the impact of alignment on your company's reputation.

> Read the full article here

How Ramboll can help you with the taxonomy

Aligning to the EU Taxonomy has swiftly become a top-management priority. In Ramboll, we have extensive experience in working with the EU Taxonomy and knowledgeable professionals who are ready to help you in all sectors included in it. We work with both financial and non-financial companies.

This includes support on the following:

Expert Guidance
We build solid indicators on what economic activities need to be screened for each environmental objective with the Technical Screening Criteria in order to be aligned with the EU Taxonomy.

Screening Tests
We perform the screening tests to identify what economic activities substantially contribute to one or more environmental objectives and do no significant harm to the other environmental objectives.

Data Validation
We run validation services and approval of the data to ensure alignment. In this, we can provide assurance of the screening data and process.

ESG Performance
We support the improvement of ESG strategy and performance by leveraging Taxonomy-related best-practices.

Improving Alignment
We show you how to improve EU Taxonomy alignment by indicating what improvements need to take place for an activity to pass the Technical Screening Criteria and where to prioritize in improvement efforts. This may include additional supporting services, such Life-Cycle Assessment or climate risk assessment.

Taxonomy Roadmap and Future Reporting
We assess how the company will be impacted by the EU Taxonomy in the future, including e.g. expected legislative developments, market developments, and company ambitions. Based on this, we will define actions in a roadmap to ensure future compliance and the right supporting systems.

Support on meeting Social Safeguards requirements
We provide services within Responsible Business Conduct that support alignment with the ‘Minimum Social Safeguards’ as defined in the Taxonomy. This includes performing a human rights due diligence and mapping of the needed procedures and policies.

A concrete example

Plan ahead now or it will be too late

Aligning with the EU taxonomy is very much about looking at your current setup and processes, but you should also start looking ahead. 

Watch the video with our EU-taxonomy Expert Meike Verhey.

Here she explains why planning for the future is so important and gives you a concrete example of how much a well-planned alignment process could benefit your business.

Kvadratisk - Meike

 

We are already helping clients align
Here are 3 examples of how we help corporates

Screening for an international building conglomerate

Ramboll is currently conducting a project for an international building conglomerate with a revenue of more than €750 mil. In this project, we assess to what extent the activities of each its companies and subsidiaries align with the EU's environmental objectives.

> Read more about the project  

Helping the Balco Group AB align with the EU Taxonomy

One of Northern Europe's largest producers of balconies, with net sales figures of more than 120 mil, has entered into an agreement with Ramboll with the purpose to assess whether and to what extent their activities are aligned with the requirements. 

> Read more about the project

Overview of the EU Taxonomy for Swedish holding company

Ramboll assisted a Swedish holding company, with a revenue in excess of €350 mil, to get an overview of the EU Taxonomy. This included an overview of how its various subsidiaries align with respect to the economic activities as outlined in the Taxonomy. 

> Read more about the project

Advising clients with Financial Focus:

3 examples of how we help Financial Institutions

SFDR & EU Taxonomy Guidance – Real Estate

Ramboll is assisting a real estate investment manager on conducting SFDR Article 8 compliance, establishing an EU Taxonomy baseline and developing an EU Taxonomy investment guide.

Along with Ramboll specialists, the investor is leveraging previous and ongoing Taxonomy projects as well as its experts in the relevant countries to provide market-leading advice.

> Read more about the project

Reporting on Green Asset Ratio for Retail Bank

Ramboll is assisting a retail bank on their Green Asset Ratio reporting cf. EU Taxonomy.

As part of the collaboration, Ramboll experts are also providing regulatory insights into the impact of increased regulatory oversight within sustainability stemming from the EU Sustainable Finance Action plan on business procedures, strategies, and reporting.

> Read more about the project  

Impact Measurement - Infrastructure Investor

Ramboll is assisting an emerging market infrastructure investor with devising a list of tangible and precise KPIs for measuring social impact and associated sustainable value creation of investments.

Further, Ramboll is assisting with the development of reporting templates to support internal business procedures and strengthen external reporting.

> Read more about the project

How to get started:

The EU Taxonomy Quick Guide

If you are looking for a quick guide that gives you a brief overview of the EU Taxonomy, then you have it right here.

Download the guide below and get to know the EU Taxonomy a little better in just a few minutes.

Three key reasons to align with the taxonomy

Compliance
 
The EU Taxonomy will be mandatory for many European companies. All those offering financial products on the European market and those part of the Non-Financial Reporting Disclosure (NFRD) will have to comply.
Access finance
 
 Financial institutions that wish to increase their share of taxonomy-aligned investments will look to invest in companies that have taxonomy-aligned activities and that have disclosed this.
Building resilience
 
Aligning with the low-carbon transition through the EU Taxonomy will provide a license to operate and grow. It will create a fit-for-future business and thereby become more attractive to investors.

Reach out to us

Our team of experts are ready to guide you on how to align your business activities with the requirements from the EU Taxonomy.