EU Taxonomy
If you are subject to the CSRD and its predecessor, the Non-Financial Reporting Directive, you will need to report which of your activities are eligible and aligned with the Taxonomy, at least for the first two delegated acts which have been release thus far.
At EFF, we understand that this can be a daunting task. Depending on the size of your company’s activities and your industry, there may be numerous data points to collect and numerous reporting requirements to understand. This is where our consultants can help!
Whether you use the EU Taxonomy Navigator, a reporting software, or manage it yourself, the process generally includes the following, and EFF can help you each step of the way:
STAGE
OUR SERVICES
Identify which of your business activities are Taxonomy eligible.
- Meet with your team to understand your business activities across your value chains
- Compare your activities with existing Taxonomy legislation to assess eligibility
Of those eligible activities, calculate your KPIs and determine if the activity meets the four criteria to be considered Taxonomy aligned.
- Research the legislation and clearly explain your obligations and the data needed
- Walk you through the calculation process
- Help you implement social safeguards where necessary
Report these findings in a separate sustainability report.
- Review the obligations for reporting format
- Ensure your report contains the necessary disclosures
- Support your use of reporting software should you choose to use it
Start your company's sustainable journey today!
We're here to discuss how we can guide you through the process.
Taxonomy Alignment
There are six key objectives of the EU Taxonomy:
Image credit: WorldFavor
To be Taxonomy aligned, a company’s activity must meet four conditions:
It must make a significant contribution to at least one of the six environmental objectives.
It must do no significant harm to any of the other five objectives.
It must meet the minimum social safeguards established by international conventions.
It must comply with the Technical Screening Criteria (TSC) laid out in the Delegated Acts which follow the original legislation and its amendment. Thus far, only the first two objectives have had their TSC adopted.
To learn more about how to apply the EU Taxonomy to your activities, contact our team!
Do you want to implement ESG in your company?
Not knowing where to start?
Having trouble understanding the relevant legislation?
Marie Gomersall
Sustainability Expert
Clients about EFF
We are happy to recommend EFF company thanks to our successful cooperation so far. High quality of performed services, high availability and a wide scope of their offer are of a great value. Their trustworthiness is based on professional business service and efficient communication with a client.
We have the pleasure to work with Duni EFF within VAT Compliance services, which we can honestly recommend for any company seeking a professional support in tax related problems or similar. We can always count on their reliable advice and prompt answers to all of our questions. Duni EFF experts’ big commitment and individual approach to a client cannot go unnoticed. Their high competence and vast professional knowledge ensure all our needs are met and it facilitates efficient cooperation.
Across the years of working with Duni EFF, we developed a fantastic professional relationship. Their services to us included AR and AP and I have to say, nothing was ever too much or too little for them to help us with. They were very efficient and knowledgeable, you could say I learned a thing or two from them! It was a pleasure to work with them.
Duni EFF are tax professionals in the European Union. In cooperation with them, I especially appreciate the individual approach to each case. In international sales, there are often non-standard situations, from which they always find a way out. Their experts have extensive knowledge and provide it in a very accessible way. Duni EFF is a proven, reliable partner in business.
We at Euroflorist are very pleased with EFF's high competence and ability to adapt to our changing needs.
I would strongly recommend the services of EFF. We have transferred a large part of our AP processes to EFF. The transfer was very efficient and unbureaucratic. The employees of EFF are very ambitious, focused and it is a pleasure to work with them. Thus we were able to increase the reliability and quality of our AP with the same number of employees. Through the competence and experience of EFF, at a good value for money, we can concentrate better on our main business.