To achieve its objectives of the EU Climate Energy targets of 2030 and the European Green Deal, the European commission implemented the EU taxonomy. This taxonomy allows companies to benefit from a common language on sustainability and a clear definition on how to fit these criteria.

This taxonomy allows companies to benefit from a common language on sustainability  – and more specifically CO2 emissions – and a clear definition on how to fit these criteria. Hence, together with this regulation comes the obligation by financial institutions to comply to certain thresholds when is comes to carbon emissions of their clients. 

This new regulation comes with a pile of obstacles both for companies and financial Institutions. Companies are faced with conducting evaluations, when there is actually no past or actual data available.

The Global Challenge On the Road to Carbon Neutrality

Lack of reliable data
Companies often, especially small and medium sized, do not have enough data to provide accurate sustainability assessments and carbon footprint monitoring

Lack of transparency

Existing assessments and rating providers fail to provide explainable, auditable and transparent results.