TAXO TOOL & EU Taxonomy

The AI-powered solution enabling financial institutions and corporates to assess the alignment with the EU Taxonomy

TAXO TOOL LAUNCH (4)

_Challenges:

The introduction of the EU Taxonomy represents an important step of the EU towards managing sustainable investments and reducing the CO2 emissions. 

But in terms of challenges, the EU taxonomy is a new and mammoth regulatory project determining a significant increase of bureaucratic costs.

Secondly, companies often are not able to collect enough data and are missing the abilities to evaluate and elaborate them.

The legislative documents contained in the EU’s taxonomy regulation alone make up a total of 30.000 pages. In addition, access to a variety of publicly available data sources is required to calculate carbon emissions and energy consumption figures. The financial sector needs a technical solution to be able to handle the wealth of data and information on the one hand and to make decisions forwarding the aim of a sustainable financial sector on the other.

 

_Advantages of the TAXO TOOL

#1 Strong Knowledge Base

We have our own CO2 emission data base. It consists of procedural models, which also enable an assessment if basic data are not fully available.

#2 Transparency & Auditability

Our approach is “open-box”, that means the results of the AI-Suite are all fully transparent and auditable. The whole path back to the root of the topic is available and traceable.

#3 Sharing costs

Any further development of the solution is done centrally and rolled out to all the banks and companies, enabling a sensitive cost reduction.

#4 Fast implementation

Our solution enables a fast implementation of the EU-Taxonomy through automated processes based on AI technology. As a result, your company is getting compliant with less effort and costs.

#5 Always up to date

Any regulatory change will be automatically integrated within the solution, with no extra worry on your side.

#6 Ready-to-go

The AI-Suite is immediately available thanks to cloud computing (SaaS) or an on-premise solution.

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The TAXO TOOL is mainly addressing banks and saving banks, but applies also to insurance and investment companies, fund managers and other industries and institutions falling under this new regulation.

_AI Solution for Sustainable Finance

The TAXO TOOL, developed in collaboration with Bundesverband Öffentlicher Banken Deutschlands (VÖB), and VÖB-Service GmbH, solves this data problem by using artificial intelligence.

Our ready-to-go AI platform supports data collection and document capture. This means that there is no need for institution-specific development. This reduces costs significantly and increases efficiency.

The aim of the TAXO TOOL is to map the complexity of the technical evaluation criteria of the EU taxonomy for sustainability in one system and to enable automated procedures.

Transparency and auditability of the results are key elements in our AI Suite. Our approach is “open-box”, that means that we present the whole path that brought to a certain result.

Indeed, transparency requirements are imposed on reporting companies, which are to be fulfilled by disclosures.

Our 3 AI steps to apply the EU Taxonomy
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Digitisation

We created a logic representation of the EU Taxonomy for each Economic Activity out of 30.000 pages.

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Innovation

We developed CO2 emission models based on process engineering to overcome the lack of data, especially the case for SMEs.

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Automation

We automated document reading and data capture with our Natural Language Processing (NLP) stack.

_Award winner

TAXO TOOL had been recently awarded as the “Best taxonomy data solution for ESG”, at the ESG Insight Awards 2022, and winner of the Innovation Award at the Global Sustainable Digital Finance Forum in Zürich.

Read more on our Journal
ESG-Insight-Award-2022-Dydon-AI-winner-with-TAXO-TOOL-web

Our Partnership with VÖB and VÖB-Service

The TAXO TOOL, has been developed in partnership with Bundesverband Öffentlicher Banken Deutschlands (VÖB), and VÖB-Service GmbH. The VÖB represents 59 member banking institutions, including the regional banks as well as the promotional banks owned by the federal and state governments.

voeb-service.de

Our Partnership with 4π-sciencelab

In order to make smart economic and political decisions, we need a solid foundation of knowledge backed by facts. The natural sciences are becoming increasingly important, as the public discussions on climate protection, energy supply, artificial intelligence and nanotechnology show. A broad, fundamental understanding of the most important scientific relationships is also essential for a vibrant democracy. 4π offers understandable representations of complex scientific issues. The variety of topics ranges from the greenhouse effect and quantum computing to the Big Bang. 4π follows the scientifically proven findings objectively and calmly.

4pi-sciencelab.com

_You can get a free demo or send us a message.
DYDON AG – Hechlenberg 17 CH-8704 Herrliberg

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      _Webinar
      Dec 8th, 2022
      Webinar and Product Demo of our AI software for the EU Taxonomy
      The EU Taxonomy on sustainable investments 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…
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