Companies with more than 1,000 employees and a net revenue exceeding the 450 million euro are subject to the EU Taxonomy, like they are subject to the CSRD.

The EU Taxonomy is a European regulation aimed at directing investments to economic activities that are most needed for the climate transition. The Taxonomy is a classification system defining criteria for economic activities that are aligned with a net zero trajectory by 2050 and the broader environmental goals, other than climate.

Companies that are subject to this Directive are required to disclose the proportion of their opex, capex and turnover that is taxonomy eligible and taxonomy aligned. Consequently, companies should assess which of their activities significantly contribute to one of the environmental objectives, meet the criteria of do no significant harm and meet the minimum social safeguards. The capex, opex and turnover associated with these activities is what needs to be reported.

Intire can support you in making such assessment. And in co-operation with Quantifier, we can offer pre-assurance validation, a review of the connection with the financials and an analysis of the minimum social safeguards.