What does the EU taxonomy mean to large companies with more than 500 employees?
The EU taxonomy applies to the same companies scoped by the NFRD (Non-Financial Reporting Directive), stating for all practical purposes that all large, listed companies with more than 500 employees have to report on their taxonomy score and share this information with their financial reports.
The EU taxonomy does not require a level of sustainability performance. It just requires a company to be transparent about how it is performing by screening criteria in the taxonomy, and, where applicable, classifying activities as sustainable. The taxonomy classifies company activities as sustainable and less sustainable. The transparency creates better decision support for investors, banks, funds, customers and the company itself, directing money towards a green transition.
20 Concrete Tasks for a Successful CSRD Report — Tested And Proven For Medium-Sized and Large Companies
Here are 20 concrete tasks that take you from "I am overwhelmed by the CSRD" to "I just submitted the CSRD report ahead of time!"
A Straightforward Overview of the CSRD Without Jargon
A simple overview of the new CSRD legislation for non-lawyers. What is double materiality assessment? What is a topic? And what are targets, actions, and policies?