Sustainability is no longer a trend, but an essential component of modern corporate management. Our corporate sustainability consulting supports companies in strategically shaping their ecological, social and economic responsibility. We offer tailor-made solutions to create sustainable value and meet regulatory requirements.
Developing a sustainable corporate strategy requires in-depth expertise and an understanding of long-term environmental, social and economic trends. We support you in transforming your goals and visions for sustainability into concrete strategic measures. In doing so, we take into account not only internal company processes, but also the external requirements of stakeholders and regulatory institutions.
Developing a clear and long-term sustainability strategy is the key to a company's success in the modern economy. Together with you, we develop a customized sustainability roadmap that combines your corporate goals with the relevant sustainability requirements and reflects your corporate values.
The EU Taxonomy was created in response to the growing need to promote sustainable investment and support the transition to a climate-neutral economy. Its origins lie in the EU Sustainable Finance Strategy, which is part of the European Green Deal. The aim is to provide a standardized classification system for sustainable economic activities in order to create transparency and channel capital flows into environmentally beneficial projects.
The taxonomy helps to avoid greenwashing and defines which activities are considered environmentally sustainable based on six environmental goals:
These goals form the basis for determining which economic activities are considered environmentally sustainable.
EU Taxonomy in detail
The taxonomy primarily affects large companies that are required to report under the EU Non-Financial Reporting Directive (NFRD), as well as financial market participants that offer sustainable financial products. With the Corporate Sustainability Reporting Directive (CSRD), the scope of application will be extended to more companies from 2024, including smaller companies that fall within the scope of the extended reporting. The companies concerned must not only assess the compliance of their activities with the defined environmental objectives, but also demonstrate that they do not cause significant harm to other objectives and comply with minimum social standards.
The process begins with the identification of economic activities that fall within the scope of the taxonomy (taxonomy eligibility). Companies then check whether these activities meet the technical assessment criteria for the relevant environmental objectives. This involves analyzing the extent to which they contribute significantly to an objective, do not cause significant harm to other objectives and comply with minimum protection measures (taxonomy compliance). In the next step, the percentage compliance of sales, investments (CapEx) and operating expenses (OpEx) with the taxonomy is determined. This data is included in the reporting, which is usually published in the companies' sustainability reports or financial reports.
Cooperation between the specialist departments plays a central role throughout the entire process, as technical, legal and financial expertise must be brought together. The effort for companies varies depending on the complexity of the activities and the availability of relevant data. The EU Commission provides guidelines and technical annexes to support the process and ensure uniform standards.
We guide you in classifying your activities according to the EU Taxonomy and help you to bring sustainable business practices in line with European standards. Our approach ensures that your investments and activities are recognized as sustainable and that you can benefit from the advantages of the taxonomy.
The ARRK Sustainability Consulting team supports you on your way to reporting tailored to your needs, starting with the classification and evaluation of your activities in accordance with the EU taxonomy through to the final audit by the auditor.
The requirements for sustainability reporting are constantly increasing.
With the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS), the European Union has created a comprehensive framework and thus set new standards for companies to disclose their environmental, social and governance performance.
We help you to implement the CSRD and ESRS requirements efficiently. Our aim is to guide you through the entire process - from strategic planning to successful auditing by your auditor.
Our team will guide you through the entire sustainability reporting process right up to the final audit by the auditor. We ensure that all CSRD and ESRS requirements are met and that your reporting stands up to an external audit. Our experts work closely with you to make the process transparent and efficient so that you can go into the final audit with confidence and certainty.
