Taxonomy

The EU Taxonomy of sustainable economic activities (EU Regulation 2020/852) is the result of the Action Plan on Sustainable Finance, launched by the European Commission in 2018.

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The necessary transition to a low-carbon European economy requires the financing of private capital that will have to be directed towards climate-conscious businesses and sustainable development. The Taxonomy therefore makes it possible to identify the environmentally sustainable economic activities that can contribute to the achievement of the net-zero emissions goal by 2050 and the related selection criteria.

To be aligned with the EU Taxonomy, a company’s activity will have to meet the following criteria:

  • Contribute positively to at least one of the six environmental goals
  1. Mitigation of climate change
  2. Adaptation to climate change
  3. Sustainable use and protection of marine water resources
  4. Transition to a circular economy including waste reduction and recycling
  5. Pollution prevention and control
  6. Protection of biodiversity and ecosystem health
  • Not produce a negative impact on any other objective
  • Be carried out in compliance with minimum social guarantees

Aligning its business with the European Taxonomy allows a company to improve its overall environmental performance, attract new and increased investments, and advance its positioning and reputation in the eyes of consumers and other business stakeholders.

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Taxonomy alignment criteria

Taxonomy defines sustainable economic activities based on six environmental and climate objectives:

  • Climate change mitigation;​
  • Climate change adaptation;​
  • Sustainable use and protection of water and marine resources;​
  • Transition to a circular economy, including waste reduction and recycling;​
  • Pollution prevention and control;​
  • Protection and restoration of biodiversity and ecosystems.

Aligned activities meet the following criteria:

  • Making a substantial contribution to at least one of the six above mentioned objectives;
  • Doing no significant harm to any other of the above mentioned objectives;
  • Complying with minimum social safeguards.

Why should you rely on Carbonsink?

Our experts support the company in integrating the Taxonomy into its climate strategy, helping it to invest in activities considered sustainable according to the defined criteria and goals and ultimately guide it in achieving its climate goals. We are among the first consulting firms in Italy to offer this service.

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