EU Taxonomy Advisory Service
Streamline Compliance and Enhance Sustainability
As a vital tool underpinning the European Green Deal, the EU Taxonomy helps direct financial flows towards sustainable activities, requiring companies to disclose the extent of their operations' sustainability. All companies falling under the Corporate Sustainability Reporting Directive (CSRD) must disclose their financial KPIs in accordance with the EU Taxonomy as part of their sustainability statements in the management report. The information provided is subject to the same audit requirements as the CSRD. Non-compliance with the EU Taxonomy renders the CSRD sustainability statement invalid and may result in sanctions. This separate disclosure process should therefore be initiated well in advance—since 2022 for banks, from 2024 for large enterprises, and from 2026 for medium-sized companies.
DEKRA’s EU Taxonomy Advisory Service offers comprehensive guidance for businesses navigating the complexities of the EU Taxonomy. Our service breaks down this intricate classification system into manageable milestones, ensuring your business can comply with regulatory requirements while seizing opportunities for green financing and sustainable growth. From determining Taxonomy-Eligibility and Taxonomy-Alignment of your economic activities to integrating these insights into financial disclosures, DEKRA provides expert advice and practical solutions.
The EU Taxonomy is a classification system that identifies economic activities and investments that qualify as "green" by aligning with six environmental objectives. This system, integral to the EU's sustainable finance framework, supports the European Green Deal by steering investments towards environmentally positive projects. It aims to enhance transparency and boost sustainable investments, contributing to the EU’s 2030 climate and energy targets and the goal of a climate-neutral Europe by 2050.
This Quick Check is designed to clarify essential regulatory aspects for your company and pinpoint areas in your EU Taxonomy readiness that may require further support, training, or advice from DEKRA experts.
Quick Check
Our Approach
DEKRA's EU Taxonomy Advisory Service provides essential support to businesses navigating the complexities of the EU Taxonomy. This service guides companies through the necessary steps to ensure their economic activities are classified correctly under the EU's sustainability regulations. Here is how our service can assist:
Starting with an in-depth introduction to the EU Taxonomy, helping companies understand the framework and its implications for business operations.
By utilizing DEKRA’s expertise, businesses can confidently align with EU sustainability regulations, enhance their access to green finance, and contribute to a more sustainable future. This service is especially crucial as compliance with the EU Taxonomy also impacts adherence to the Corporate Sustainability Reporting Directive (CSRD), with non-compliance potentially leading to sanctions . However, the EU Taxonomy is not only a legal requirement, but can also be used as an instrument to secure investments in the long term.