• Taxonomy disclosures

Taxonomy disclosures

The European Union Taxonomy is a classification system that defines which economic activities can be considered environmentally sustainable.

Its main goal is to standardize the criteria for classifying economic activities so that investors, financial institutions, and companies can clearly determine which projects genuinely support the transition toward a low-emission, climate-resilient economy. The Taxonomy is one of the key legislative instruments implementing the European Green Deal strategy, which aims to create a safe, climate-neutral, and more resource-efficient circular economy.

FAQ

  • Large enterprises covered by the NFRD/CSRD Directive — that is, companies already required or soon to be required to disclose non-financial data.
  • Financial institutions — such as banks, investment firms, and insurers, which must report the share of sustainable assets in their portfolios.
  • Entities preparing for ESG reporting — in practice, an increasing number of companies outside the formally regulated groups are also aligning with the Taxonomy due to growing expectations from investors and business partners.

The EU Taxonomy does not cover all types of economic activity — it focuses on those deemed crucial for the transition to a sustainable, climate-neutral economy. The assessment of alignment takes into account four aspects:

  • making a substantial contribution to at least one of the defined environmental objectives,
  • doing no significant harm to the remaining environmental objectives (the DNSH principle – do no significant harm),
  • compliance with minimum social safeguards, as outlined in UN and OECD guidelines,
  • meeting the technical screening criteria, which determine whether a given activity makes a significant contribution to a specific environmental objective without harming the others. These technical criteria are defined in delegated acts that supplement the Taxonomy.

The environmental objectives include:

  • climate change mitigation
  • climate change adaptation
  • protection and restoration of biodiversity and ecosystems
  • transition to a circular economy
  • pollution prevention and control
  • sustainable use and protection of water and marine resources

How we can help?

  • Taxonomy analysis – identification of business areas that qualify as environmentally sustainable. Verification of compliance with minimum safeguards – comprehensive assessment of the company’s activities against the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights.
  • Report preparation – support in calculating key indicators (CapEx, OpEx, revenue) and developing content for non-financial reports. Team training – practical workshops on interpreting and implementing Taxonomy requirements.
  • Strategic advisory – assistance in integrating the Taxonomy into ESG strategy and investor communications.

Why it matters?

Complying with the Taxonomy requirements is not only about meeting regulatory obligations. It is also a real opportunity to strengthen market position and build long-term company value.

  • Market credibility and trust – reporting in line with the Taxonomy increases transparency and builds a positive image among investors, clients, and business partners.
  • Better access to financing – financial institutions increasingly reward projects and companies that meet sustainability criteria. Green financing is often offered on more favorable terms compared to traditional instruments.
  • Competitive advantage – early preparation for ESG regulations allows companies to stay ahead of competitors and respond effectively to market demands.

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