ESG and Taxonomy

ESG and Taxonomy

ESG reporting or sustainability reporting, non-financial reporting involves disclosing information about a company’s management of environmental, social and governance (ESG for short) factors.

Who must report?

  1. Companies that were obliged to report the so-called CSR, i.e. non-financial reporting, which meet at least two of the three requirements:
  • with more than 500 employees,
  • more than PLN 85 million in total financial assets or
  • 170 million net revenue (Directive 2014/95/EU of the European Parliament and of the Council on the disclosure of non-financial and diversity information)
  1. Companies operating in financing areas, which from March 2021 must also report due to the SFDR (Sustainable Finance Disclosure Regulation) directive.
  2. Companies and institutions covered by the requirements of the Taxonomy (Delegated Regulation of the European Commission to Regulation 2020/852).
However, the directive introduced by the European Commission provides for extending the reporting obligation to other companies, so it is worth preparing for these changes in advance..

The taxonomy is a system of uniform classification of activities for sustainable development. It is intended to facilitate the identification and classification of investments that support sustainable development by setting out the conditions that an economic activity/investment must meet to be classified as sustainable.

Criteria for considering an investment as environmentally sustainable:

  1. It makes a significant contribution to at least one of the environmental objectives:
  • Mitigation (mitigation) of climate change impacts,
  • Adaptation to climate change,
  • Sustainable use and protection of water and marine resources,
  • Transition to a closed loop economy,
  • Pollution prevention and control,
  • Protection and restoration of biodiversity of ecosystems;

2. Does not cause serious harm to any of the environmental objectives;
3.Provides minimum guarantees on social security and governance;
4. Meets technical eligibility criteria.

Building owners and managers should keep in mind that the Taxonomy has separate requirements for new and existing buildings, and that Non-Financial Reporting and long-term plans and climate change strategies will affect obtaining capital and financing projects.

What can Go4Energy do for you?

Above all, we offer our clients support in the implementation of company-related ideas for sustainable development through:

  • developing a sustainability strategy tailored to the specific client
  • identification and verification of indicators required for a given industry in the EU Taxonomy in order to confirm the sustainability of the investment in line with EU requirements for both existing and new buildings
  • analysis of environmental indicators and indication of ways to improve them (e.g. improving energy efficiency of buildings)
  • preparation of a strategy for achieving climate neutrality of the company;
  • impact analysis of BREEAM and LEED certification on taxonomy and additional analyses
  • advice on EU climate change regulations

Ask us about your reporting strategy and our experts will provide your organisation with expert technical support on every evaluation and reporting process!

Contact: Eliza Sobczuk tel: 798 535 815

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