EU TAXONOMY ELIGIBILITY

The EU Taxonomy regulation is a framework to classify “green” or “sustainable” activities. The EU Taxonomy is part of the European Union’s Green Deal and enables investors to understand whether the economic activities of companies are sustainable and to help them navigate the transition to a low-carbon economy. 

As of 2022, we are not fully subject to the EU Taxonomy but during the year, we have started the process of adhering to the guidelines. The first step has been to identify our eligible activities. We have identified that we do have eligible activities, as our core activities fall under the category “climate change adaption” in the category “Professional, scientific and technical activities involving close to market research, development, and innovation”.

As it has been established that we are eligible to report on the EU Taxonomy, we will in 2023 start the process of gathering data to report on the amount of CapEx, OpEx, and revenue in relation to eligibility. Going forward, we will also start looking into reporting on alignment with the EU Taxonomy within the coming years.