EU taxonomy

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The EU taxonomy: the requirements you need to know for sustainability reporting


The EU taxonomy for sustainable activities is a key part of the EU's new reporting requirements for large companies and financial market participants. In Norway, these regulations are implemented through the Sustainable Finance Act, and apply to the same businesses covered by the EU Sustainability Directive (CSRD).



What does the EU taxonomy mean for your business?


The taxonomy requires companies to report how much of their business is classified as a sustainable activity according to the taxonomy's technical criteria. For an activity to be defined as sustainable, it must:


  • Make a significant contribution to at least one of the six defined environmental objectives


  • Not cause significant harm to the other environmental objectives


  • Comply with minimum social and governance requirements



The EU's six environmental objectives

1. Mitigation and prevention of greenhouse gas emissions

2. Climate adaptation

3. Sustainable use and protection of water and marine resources

4. Transition to circular economy, waste prevention and recycling

5. Pollution prevention and control

6. Protection and restoration of biodiversity and ecosystems

Aider helps you with taxonomy reporting - from A to Z


Our subject matter experts assist you throughout the process, whether you are already reporting or starting for the first time:


  • Double materiality analysis - mapping which activities are relevant


  • Review of technical criteria - assessment against taxonomy requirements


  • Reporting on mandatory indicators and categories


  • Use of Factlines' system solution - efficient and forward-looking methodology that allows assessments to be reused and well documented


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Take control of your sustainability reporting


Reporting according to the EU taxonomy can seem daunting, but we help you make it concrete and feasible. Get in touch with our experts and we'll find the best solution for your business.

I'm ready to help!