EU Taxonomy Solution

Streamline your
EU Taxonomy reporting

Collect, document and track EU Taxonomy data and results in one software solution, designed by our experts. Position Green provides a clear path to reporting and insights adapted to the unique setup and ambitions of your business.

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Easy compliance in one complete solution

Customise reporting responsibility at a granular level and get your hands on audit-ready data, straight out of the gate. Dynamic software features are aligned with EU Taxonomy requirements and environmental objectives, adjustable to the needs and structure of your organisation.

Our sustainability and finance experts are on hand to ensure you pinpoint the right data for robust reporting while optimising performance through insights. Book a free demo today to see our taxonomy software in action.

Flexible and transparent data management

Assess alignment against EU Taxonomy criteria and get a clear view of your data with tailored dashboards. A flexible data collection structure enables collaborative reporting across different sites, subsidiaries and/or plants, and the insights to drive improvements.

KPIs for turnover, CapEx and OpEx

Get started on accurately disclosing the sustainable investment objectives needed for compliance. Our taxonomy experts ensure you have KPIs for assured reporting of your turnover, capital expenditure (CapEx) and operating expenses (OpEx) data.

Seamless integration with CSRD, SFDR and more

Avoid the hassle of double reporting. Consolidate and report taxonomy data in line with key standards and frameworks right out of the box – such as CSRD, SFDR, CDP and GRI – or align with your framework of choice. It’s clear and traceable data, all in one place.

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The EU Taxonomy at a glance

The EU Taxonomy is a classification system developed by the European Union (EU) to identify and define economic activities that are considered environmentally sustainable. It was introduced to address the urgent need for a standardised, science-based framework for defining environmentally sustainable economic activities. The taxonomy provides a framework for assessing the degree to which an economic activity contributes to one or more of the EU’s six environmental objectives: climate change mitigation, climate change adaptation, sustainable use and protection of water and marine resources, transition to a circular economy, pollution prevention and control, and protection and restoration of biodiversity and ecosystems.

For a business to be classified as environmentally sustainable according to the taxonomy, it should fundamentally contribute to one or more of the six determined sustainability and environmental objectives, and at the same time not cause significant damage to any of the remaining objectives.

The EU Taxonomy Regulation will require the majority of large companies to report on the environmental sustainability of their economic activities. The requirement operates solely at the EU level and not at national level. Companies that fall under the scope of the Corporate Sustainability Reporting Directive (CSRD) have to report in their annual reports to what extent their activities are covered by the EU Taxonomy (Taxonomy-eligibility) and comply with the criteria set in the Taxonomy delegated acts (Taxonomy-alignment). Companies that do not fall under the scope of CSRD can choose to disclose this information voluntarily, for example, to gain access to sustainable financing or for other business-related reasons.

As ESG performance and green transition increasingly fuel the agendas of businesses worldwide, the application of the EU Taxonomy is expected to extend throughout and beyond Europe in the future. Within the EU alone, the coming years will see the scope of the taxonomy grow from encompassing around 11,000 companies (2022) to more than 50,000 companies.

The Taxonomy Regulation tasks the Commission with establishing the actual list of environmentally sustainable activities by defining technical screening criteria for each environmental objective through delegated acts. These acts dictate the reporting obligations and timelines for financial and non-financial undertakings with regard to disclosing the proportion of environmentally sustainable economic activities in their business, investments or lending activities.

Breakdown of reporting requirements for both financial and non-financial undertakings – by objectives, eligibility and alignment.

 

Eligibility

Alignment

Non-financial undertakings

Objective 1+2 (climate change mitigation & adaptation): ‘old’ activities

2024 on FY2023 data

Unchanged

Objective 1+2 (climate change mitigation & adaptation) amended: ‘new’ activities

 

2024 on FY2023 data

2025 on FY2024 data

Objectives 3-6 (water & marine, circular economy, pollution prevention, biodiversity)

2024 on FY2023 data

2025 on FY2024 data

Changes to Disclosures Delegated Act

2024 on FY2023 data

Financial undertakings

Objective 1+2 (climate change mitigation & adaptation): ‘old’ activities

 

2024 on FY2023 data

Unchanged

Objective 1+2 (climate change mitigation & adaptation) amended: ‘new’ activities

2024 on FY2023 data

2026 on FY2025 data

Objectives 3-6 (water & marine, circular economy, pollution prevention, biodiversity)

Changes to Disclosures Delegated Act

2024 on FY2023 data