Performing an EU Taxonomy eligibility assessment for Top 3 engineering consultancy
Discover how Sustainable Capital Group (SCG) assisted a top 3 engineering consultancy, with an EU Taxonomy eligibility assessment. Through our collaboration, we identified potential sustainable business propositions and provided strategic recommendations for aligning their activities with EU sustainability regulations, paving the way for future sustainable financing opportunities.
About the company
The client is a Top 3 engineering consultancy in the Dutch market, with a large international market offset. They operate in more than 30 countries offering a wide range of engineering, design and consulting solutions. The company has over 6,000+ employees across the world and a strong commitment to making a positive impact on the world.
The challenge: Assessing the Eligibility potential of their business activities
As part of their CSRD reporting activities, the company wanted to assess their potential sustainable business propositions against the EU Taxonomy to further their mission of making a positive impact on the world. However, they had insufficient knowledge on the EU Taxonomy regulation and its reporting requirements. Therefore, they needed help with determining whether their business propositions are eligible within the EU Taxonomy and what their sustainability reporting requirements were.
Collaboration with SCG
With SCG’s help enlisted, we performed an EU Taxonomy eligibility scan on the company’s value propositions, to assess whether these activities can be reported as ‘Taxonomy-eligible’ in their sustainability reporting. This scan was followed by an Alignment-potental assessment against the Contribution Criteria of the EU Taxonomy to ensure their activities could meet the requirements to be considered environmentally sustainable.
Solution
SCG’s help with the assessment of their value propositions allowed us to identify potential sustainable business propositions. We provided them with an overview of these value propositions , as well as the recommendations and next steps on the regulatory requirements they would need to follow to advance their EU Taxonomy alignment efforts.
With these sustainable activities in mind, our team created a plan on how to achieve EU Taxonomy alignment for the value propositions where possible. This way, they can better disclose their sustainable efforts, comply with sustainability regulations (EU Taxonomy and CSRD) and open up opportunities for sustainable financing in the future.
To find out more about the EU Taxonomy and how it interacts with the Sustainable Finance Regulation Directive (SFDR), check out our blog.
Concluding statements
With our expertise on sustainable finance regulations and our client’s commitment to driving positive change, we were able to help them identify future avenues for sustainable business activities.
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