Taxonomy regulation: redirect capital flows into environmentally sustainable economic activities

Here you will find an overview of all relevant basic information about the Taxonomy Regulation.

Our approach

From helping you understand the requirements, through project planning, an analysis of your relevant activities, to implementation and reporting – our experts use their comprehensive expertise and many years of experience to guide you to a more sustainable economy. We help you implement the Taxonomy Regulation so that your business activities are aligned with the six climate and environmental goals set by the EU. Together, we adapt your sustainability management and reporting to meet the regulatory requirements and the financial industry’s expectations to make climate issues, and especially its associated risks, more transparent.

Our solution

Implementing the European taxonomy is initially a resource-intensive process. We support you as a reliable sparring partner in all phases, together defining the necessary steps and navigating through the various development scenarios by flexibly responding to your individual needs and resource limitations.

Phase 1: Impact analysis

In the first phase, we will clarify whether the Taxonomy Regulation applies to your company. If it does, we work with you to determine your reporting obligations and find out what opportunities the taxonomy holds for your business activities.

Phase 2: Project planning

In the second step, we work with you to define the necessary steps and objectives for successfully implementing the EU taxonomy. We define project responsibilities, timeframes, and communication channels; then we determine which business units are affected and must/should be included in the process.

Phase 3: Analysis of taxonomy qualification

In this next step, we determine which taxonomy activities are relevant for your company and thus qualify as being sustainable in terms of the six EU environmental protection objectives, and where you stand today in this regard (determining your position). At every stage, we accompany you as a critical sparring partner and as an active partner in the analysis and implementation.

Phase 4: Analysis of taxonomy-compliant activities

In the next step, we determine to what extent the previously identified company activities meet the requirements of the Do-No-Significant-Harm Principle (DNSH). This ensures that activities from one area do not significantly endanger another of the five areas. The minimum social standards must also be met. The result is a list of all taxonomy-compliant activities.

Phase 5: Allocation of sales, CapEx and OpEx

To calculate the required KPIs, the identified activities must then be allocated to the corresponding sales, capital, and operating expenses. We help you systematically and correctly allocate these so that everything is completely documented, and nothing is counted twice. In doing so, we are already laying the foundation for further automation and firmly establishing the processes for the key elements.

Phase 6: Determine the need to customise systems, processes, and data

To enable efficient monitoring and reporting in the future, we develop a data model that is based on the findings of the previous analytical steps. The required data and information are either obtained from different systems and databases or collected as automatically as possible. Enhancing the existing systems and processes by adapting them as necessary saves resources and provides the transparency needed to generate new strategic advantages.

Phase 7: Implementation

We help you to adapt the affected systems and processes or make other data sources usable. This is necessary for collecting and strategically using the information required for the taxonomy KPIs. Involving the affected stakeholders in this phase is crucial.

Phase 8: Testing and training

In the test phase, we ensure that all the latest adaptations function fully and correctly. After the test phase has been successfully completed, the employees in your company are trained on the newly established systems and processes as well as on the overall project and the resulting communication requirements.

Phase 9: Reporting

Integrating the enhanced key figures with added qualitative comments into the non-financial reporting and then linking this to existing incentive systems ensures that the taxonomy is firmly established in your company in a future-proof manner.

Your benefits

Take advantage of our integrated approach for efficient and reliable implementation of the requirements. You’ll work with an interdisciplinary team that combines competencies in the areas of sustainability, processes, and IT as well as strategy, enabling you to take a comprehensive project approach that encompasses all aspects from establishing compliance to generating competitive advantages.

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