The European Taxonomy, adopted through Regulation (EU) 852/2020, provides a common framework for financial and non-financial companies to identify and classify economic activities consistent with environmentally sustainability principles.
Companies subject to the Corporate Sustainability Reporting Directive EU 2464/2022 (CSRD) are required to disclose the extent to which their activities fall within the EU taxonomy’s scope and align with its environmental sustainability criteria. This includes providing a breakdown of eligible and aligned activities in terms of Turnover, Capital Expenditures (CapEx) and Operating Expenditures (OpEx) to ensure compliance with the European Taxonomy.
Companies that embrace sustainability practices and adopt EU Taxonomy criteria can gain a variety of benefits including:
We offer methodological support services to help companies comply with Regulation (EU) 852/2020 by identifying and reporting their environmentally sustainable activities.
Our services include conducting a benchmarking analysis to identify best practices and references, defining the scope of eligible company activities, and providing support in verifying the technical screening criteria for evaluating alignment with the regulation.
RINA has years of experience in sustainability and has developed expertise in EU Taxonomy related topics. Our team of engineers, with expertise across a variety of sectors, provides the knowledge necessary to support clients in verifying alignment and reporting.
Yes, taxonomic reporting is mandatory for companies already subject to the Corporate Sustainability Reporting Directive (CSRD), which became effective in 2023. Starting in 2024, all large corporations already subject to the Non-Financial Reporting Directive (NFRD) that meet at least two of the following three criteria must prepare sustainability reports:
- Havinge 500 or more employees
- Generatinge net sales of €40 million or more
- Holding assets of €20 million or more
In 2025, the criteria for large companies will change and all large companies that meet at least two of the following three criteria must prepare sustainability reports:
- Havinge 250 or more employees
- Generatinge net sales of €40 million or more
- Holding assets of €20 million or more
In 2026, all small and medium-sized enterprises (SMEs) that meet at least two of the following criteria must prepare sustainability reports:
- Havinge more than 10 employees
- Generatinge net sales of €700,000 or more
- Holding assets of €350,000 or more
In 2028, all non-EU companies with net sales exceeding €150 million in the EU and at least one subsidiary or branch there must prepare sustainability reports.