Align your business with the EU Taxonomy now

The EU Taxonomy will require European financial and non-financial companies to demonstrate the environmental sustainability of their economic activities. The deadline to disclose on the taxonomy is now fast approaching, so it is time to act.

The EU Taxonomy disclosures are due as of January 2022. This makes aligning your business activities with the requirements an urgent matter. But despite the approaching deadlines, 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.

We are already helping clients align

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

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 on 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.

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.
New guide:

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.

- The first EU Taxonomy disclosures are due January 1st 2022. It is a complex and extensive framework, so start aligning now.

What our experts say about the EU Taxonomy

Webinar December 8: Taxonomy struggles and practical next steps

If you feel overwhelmed by the complexity and ambiguity of EU Taxonomy, you are surely not alone. In this webinar, we aim to guide, enlighten, and put everyone more at ease when it comes to the alignment process. As a result, you will get practical lessons learned from our Taxonomy experts. 

> Sign up for webinar now

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

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.