We specify the opportunities and requirements of EU taxonomy for your project
Europe is aiming to become the first fully carbon neutral continent. The taxonomy will boost the European Union's environmental objectives and the green transition by channelling funding towards sustainable projects.
A common classification system – the EU taxonomy – is one of the tools the Union provides. We offer our expertise on how to meet the taxonomy criteria in your project and move towards the sustainability goals you have set for your activities.
The EU taxonomy as a classification system helps to identify environmentally sustainable activities. Common assessment criteria promote transparency and facilitate more efficient channelling of investment and funding.
The EU taxonomy opens up new perspectives
Our experts will help you to consider the implications and opportunities of the taxonomy from the very beginning of your construction project, when key decisions are taken on the environmental objectives of the project. By meeting the criteria, you can obtain taxonomy-specific funding that may be cheaper or more accessible. By increasing the transparency of your project, you will improve access to finance.
We will help you to consider the six elements of environmental sustainability, and to complete and report on the minimum safeguards for your project. You can improve the sustainability of your project so that it meets the increasingly stringent environmental criteria. Promote the green transition with decisions that take into account the achievement of environmental objectives over the life cycle of your project.
"We help to take into account the EU taxonomy in promoting sustainable business."
With our help, you will identify the taxonomy requirements for your project and be able to steer your project to the best outcome in the most efficient way. Acting responsibly is not only an obligation for companies, but also an opportunity to grow a responsible business.
We help you go green and achieve your environmental goals
According to the taxonomy, your company's activities must not cause harm to any of the listed environmental objectives.
The taxonomy looks at environmental sustainability from the perspective of six areas that your project must meet when applying for funding under the taxonomy:
- Climate change mitigation
- Adaptation to climate change
- Sustainable use and protection of water and marine resources
- Transition to a circular economy
- Prevention and reduction of environmental pollution
- Protection and restoration of biodiversity and ecosystems
Taxonomy implications for the financing of your project
The taxonomy will primarily affect banks and insurance companies and large listed companies employing more than 500 people, which are also subject to non-financial reporting requirements.
Indirectly, the taxonomy also extends to operators seeking financing for their activities or projects. In the real estate and construction sector, the taxonomy may be reflected in projects assessing investment potential or seeking financing.
Our expertise in developing and verifying environmental responsibility
Our experts can also provide you with a comprehensive range of other environmental responsibility development and verification services, such as environmental cerfification consultancy.
Jarkko Koskipalo vice president, cost and lifecycle management+358 400 174 077 jarkko.koskipalo
