FAQ
Frequently asked questions on the EU Taxonomy
How does the EU Taxonomy impact my business?
The market for green investments is very dynamic and growing strongly. Companies that do not consider taxonomy alignment in their activities might therefore be less interesting for investors and banks. Moreover, several companies are obliged to report according to the EU Taxonomy.
How does the EU Taxonomy influence existing sustainability reporting processes?
We always strive to create a comprehensive reporting picture and therefore work towards reports that show consistent sustainability reporting.
What are the effort drivers in the EU Taxonomy reporting process?
Apart from the obvious resource-intensive generation of technical evidence, taxonomy accounting can also be seen as an effort driver. This is because the EU Taxonomy often requires specific analysis and breakdowns of accounts. In general, the involvement of several departments requires time-intensive reconciliations. That is why many companies look for the right partner to provide optimal support in the process.
Is the EU Taxonomy irrelevant for a company if its products or services are not listed in the delegated acts?
No, all companies in the reporting scope must report according to the EU Taxonomy. Also, activities that do not generate turnover are relevant and must be reported. This applies for example to real estate and the vehicle fleet.
How can EU Taxonomy reporting be automized and digitalized?
There are several complex tasks involved in the EU Taxonomy reporting process. Automation approaches must fit tightly into your existing processes and company structure. Based on our extensive experience in sustainability reporting, we support you in finding the right automization or digitalization solution for your company.
