EU Taxonomy Regulations and Do No Significant Harm principle
The EU taxonomy for sustainable finance defines the criteria for economic activities that can be considered sustainable. If your company is or will be subject to taxonomy reporting, we offer support in structuring your reporting obligations and getting started. The taxonomy can also be used when your company is not subject to reporting obligations, as it provides a structure for systematically starting your own sustainability work.
We can help identify and report on the taxonomy eligibility and compliance of activities and take into account the requirements of the Do No Significant Harm principle as part of the assessment.
Do No Significant Harm (DNSH) is an EU principle of sustainable finance and taxonomy, which states that economic activities must meet certain conditions in order to not cause significant harm to any of six environmental objectives:
- Climate change mitigation
- Adapting to climate change
- Sustainable use and protection of water resources and the oceans
- Transition to a circular economy, including waste prevention and recycling
- Prevention and reduction of environmental pollution
- Protection of biodiversity and ecosystems
How can we help you?
- We can do a taxonomy eligibility and compliance assessment for your company operations and products.
- We can review the requirements of the DNSH principle and assess the harms related to environmental objectives.
- We can define the structure and processes for taxonomy reporting.
- We can support in the collection and documentation of sustainability-related data for reporting.
- We can advice you how to utilize taxonomy in developing sustainability work.
