EU Taxonomy
Assessment of sustainability based on the EU Taxonomy
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The EU taxonomy clearly defines what is considered sustainable throughout the EU. The assessment is based on minimum safeguards and technical assessment criteria, divided into 6 environmental objectives.
Companies and financial institutions in the scope of the EU taxonomy have had to disclose their taxonomy capability since 2022 and their taxonomy conformity since 2023 (companies/non-financial institutions) and 2024 (financial companies). The aim is to create a comparable definition for sustainable economic activities and to channel financial flows into these sustainable economic activities.
Idea
Customers should be given the opportunity to assess taxonomy capability and taxonomy compliance using an intuitive platform.
By incorporating all relevant
of all relevant criteria in dynamic forms, Climcycle enables the quick and easy-to-understand determination of the sustainability of an economic activity.
Input & Output
All the necessary data is collected in the form of a questionnaire. Climcycle provides support with simplified regulation texts, automated reading of energy certificates, an evaluation of physical risks in accordance with Annex A and much more.
You can either complete the questionnaire yourself or send it directly to your customers and complete it together. All input and output data can be saved at any time. Once the assessment has been completed, a PDF report can be downloaded for documentation and proof to third parties.
Methodology
The EU taxonomy is available as a form with interactive input fields. The fields are customised according to economic activity and key environmental objectives so that a classification can be made with just a few entries.
Coverage
All published contents of the EU taxonomy are covered in the module. This includes the Delegated Regulations, the technical assessment criteria of the environmental objectives and the explanations from the FAQs. The module is updated regularly to ensure that it is always up to date with the latest regulatory requirements.
Use Case
EU Taxonomy Assessment
Climcycle can evaluate a bank's existing loans in accordance with the EU taxonomy and take them into account in the Green Asset Ratio (GAR) in accordance with the disclosure requirements. Climcycle can also be used directly in new lending business. This allows strategic decisions to be made, e.g. on the eligibility of a potential transaction, and consequently the proportion of green assets in the portfolio (GAR) to be increased.
