INREV’s Post

🌱 New Clarifications on the EU Taxonomy for Sustainable Economic Activities 🌱 The European Commission has just released a new set of FAQs to support stakeholders in implementing the EU taxonomy—Europe’s classification system for sustainable economic activities. This publication is part of the Commission’s simplification agenda, aimed at reducing the administrative burden for companies applying the EU’s sustainable finance framework. The FAQs provide: ✅ Technical clarifications on taxonomy requirements and screening criteria for activities in the Climate and Environmental Delegated Acts. ✅ Guidance on the Do No Significant Harm (DNSH) principle, ensuring activities contributing to one environmental objective don’t harm others. ✅ Insights into reporting obligations under the Climate and Environmental Delegated Acts. This latest update responds to calls from companies seeking timely guidance before next year’s reporting obligations. It also offers more clarity on topics like DNSH and pollution prevention, outlined in Appendix C. 💡 Let’s continue driving sustainable economic activities and aligning with the EU’s ambitious climate goals! #Sustainability #EUTaxonomy #SustainableFinance #GreenDeal

𝐓𝐡𝐞 𝐄𝐮 𝐓𝐚𝐱𝐨𝐧𝐨𝐦𝐲 & 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 🏘️🌍 In this post we take a look at the EU Taxonomy's criteria for sustainable activities, its implications for real estate development and the opportunities it presents for greener investments. Swipe to discover how integrating the EU Taxonomy into your real estate projects can not only align with environmental objectives but also drive long-term value in the evolving sustainability landscape. #EUtaxonomy #RealEstate #Sustainability #ESG

The European Commission recently released its FAQs clarifying key aspects of the #EU Taxonomy, among which: ✅Alignment with CS3D and ESRS disclosures. ✅Reporting obligations under CSRD. ✅Guidance on climate risk, materials reuse, and LCA reporting. Source: https://lnkd.in/dZKts49Z   Why does this matter to real estate? The FAQs touch on critical areas such as the reuse of materials in new construction, retention criteria for building renovations, and life-cycle assessments—elements fundamental to achieving sustainability goals in the built environment. To help our members navigate these updates, EPRA has developed: 👉 An updated EU Taxonomy Guideline document, available here - https://lnkd.in/dFpZre9a 👉A webinar with in-depth insights, including slides developed together with KPMG, accessible below. Understanding these updates is essential for compliance with the Climate and Environmental Delegated Acts and for positioning real estate businesses at the forefront of sustainable finance. Don't hesitate to contact our team at sustainability@epra.com for more information.

What is the EU Taxonomy and what it has to do with sustainability in sports? After sharing this news a couple of days ago: https://lnkd.in/dCNNjKRe, you got back to me with some questions. Here, I would like to clarify what the EU Taxonomy is: 🏛️ The EU Taxonomy is a classification system, a science-based transparency tool that identifies what can be considered a sustainable and eco-freindly economic activity. 💶 🫰 It is part of the EU’s sustainable finance framework to help companies and investors make sustainable investment decisions. 🌱🌍 The EU Taxonomy is the very basis of the EU’s aspirations to boost the shift towards eco-friendly investments, because it meant to help encourage an increase in private sector funding and benefits both those seeking funding and investors interested in supporting sustainable projects. What do you think, how can it impact sustainability in sport? Stay tuned for more info and like this post. 👍 #sportsustainability #greensports #sportimpacts SandSI—Sport and Sustainability International

The European Commission has published a set of frequently asked questions (FAQs) to support stakeholders in the implementation of the EU taxonomy, a classification system for sustainable economic activities. The publication, which aims to make the taxonomy easier to use, is part of the Commission’s simplification agenda and its effort to reduce the administrative burden on companies applying the EU sustainable finance framework. The FAQs provide technical clarifications regarding various elements of the EU taxonomy. Among other things, they cover the application of general taxonomy requirements and technical screening criteria for specific activities included in the Taxonomy Climate and Environmental Delegated Acts. They also address the generic ‘do no significant harm’ (DNSH) criteria that ensure that economic activities contributing to one of the environmental objectives set out in the Taxonomy Regulation do not cause significant harm to any of the other environmental objectives. Moreover, the FAQs clarify the reporting obligations for activities covered by the Climate Delegated Act and the Environmental Delegated Act. Take a look at the FAQs here: https://lnkd.in/dZKts49Z

𝐓𝐡𝐞 𝐄𝐔 𝐓𝐚𝐱𝐨𝐧𝐨𝐦𝐲 – 𝐀 𝐓𝐮𝐫𝐧𝐢𝐧𝐠 𝐏𝐨𝐢𝐧𝐭 𝐟𝐨𝐫 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐔 The EU Taxonomy can easily be dismissed as '𝐣𝐮𝐬𝐭 𝐚𝐧𝐨𝐭𝐡𝐞𝐫 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧'. But it is much more than that – 𝐢𝐭 𝐢𝐬 𝐚 𝐛𝐨𝐥𝐝 𝐬𝐭𝐞𝐩 𝐭𝐨𝐰𝐚𝐫𝐝𝐬 𝐚 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐟𝐮𝐭𝐮𝐫𝐞. The EU Taxonomy is not merely a set of rules; it is a compass guiding us towards a greener, more responsible era of economic activity, aiming to establish a level playing field. Imagine an economy that is oriented not only towards profit but also towards the protection of our planet. An economy that prioritizes long-term quality of life and environmental awareness over short-term gains. This is precisely what the EU Taxonomy aspires to achieve. It's time we recognize the EU Taxonomy for what it truly is: an opportunity to fundamentally change the way we do business. An opportunity to be not just part of the market but part of the solution. 𝐋𝐞𝐭'𝐬 𝐬𝐡𝐚𝐩𝐞 𝐭𝐡𝐢𝐬 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐨𝐠𝐞𝐭𝐡𝐞𝐫 and allow the EU economy to not only grow but thrive – for the benefit of all. #EUTaxonomy #SustainableFinance #GreenEconomy #FutureIsNow

📢 Fresh off the press: KPMG's latest report on European companies' alignment with the EU Taxonomy! Report download here: https://lnkd.in/dTwuBvWc 🎯As part of the third year of EU Taxonomy reporting (FY 2023), our study examined 291 non-financial companies headquartered in the EU, covering 17 different sectors, including Real Estate. The sector sample for Real Estate involved 12 companies from Sweden, France, Germany, and Finland, providing key insights into how the industry is progressing in its sustainability journey. 🔍The deep dive into the Real Estate sector showed significant potential given that it is the sector with the highest eligibility figures driven by the acquisition and ownership of buildings, the construction of new buildings and the renovation of existing assets. However, the research shows that a significant gap between eligible activities and alignment persists, for example the aligned turnover is in average at 32% instead of the eligible 98%.  🏘This gap is partly due to the ambitious technical screening criteria for buildings, to the complexity of meeting the Do No Significant Harm (DNSH) criteria, and also the misalignment of business practices to achieve sustainable outcomes. 🌍 In my view, the Real Estate sector has the capacity to make a significant contribution to climate action and to reap the many benefits associated with an early transition to a Net Zero future, but the question remains: what structural changes (commercial, technical, operational) are needed for companies to close the gap between eligibility and alignment with the Taxonomy? 🤝 At KPMG, our Real Estate experts are here to support you in this exciting endeavour. #RealEstate #EUTaxonomy #Sustainability #ClimateChange #Decarbonization #DNSH #ESG #KPMG #NonFinancialReporting

🇬🇧 On November 14, the UK government advocated once again its willingness to be the world leader in sustainable finance by opening its consultation on a UK Taxonomy. As Taxonomies across jurisdictions have come into force to mobilise private capital, reduce greenwashing, provide reference points for other policies or give users information about economic activities, the implementation of a UK Taxonomy could indeed constitute a turning point for the jurisdiction as a useful tool contributing to the UK ambition. Through 14 questions, the recent consultation then seeks to obtain opinions on the 3 following concerns: ➡️ How the UK Taxonomy would be additional and complementary to not only existing policies but also other jurisdictions’ Taxonomies it could learn lessons from? ➡️ How the different Taxonomy use cases could maximise its usability and which costs and benefits across could each bring? ➡️ How to deal with fundamental design Taxonomy features such as objectives, components (DNSH, social safeguards, …), frequency of updates, governance options? The consultation, open for 12 weeks from 14 November 2024 until 6 February 2025, can be answered via an online survey in or alternatively with responses sent to taxonomyconsultation@hmtreasury.gov.uk. WeeFin will publish its views on why the UK should implement a Taxonomy, given our experience with international clients. 👉 https://lnkd.in/eHuYDp-7

🔎 How well is your sector adapting to EU Taxonomy? 🔎 As companies in Switzerland get ready for EU Taxonomy reporting and companies in the EU report for the first time under the CSRD, our report on 291 large public-interest entities reveals how EU Taxonomy disclosures are evolving: - The Real Estate sector recorded the highest average eligibility - Utilities lead with the highest Taxonomy-aligned turnover - 76% of companies reported at least some eligible turnover, an increase from last year Dive into the detailed sector insights and see how your company measures up. 📥https://lnkd.in/dp6iBJWQ #Sustainability #EURegulations #ESG #CorporateReporting #TaxonomyAlignment

🔎 How well is your sector adapting to EU Taxonomy? 🔎 As companies in Switzerland get ready for EU Taxonomy reporting and companies in the EU report for the first time under the CSRD, our report on 291 large public-interest entities reveals how EU Taxonomy disclosures are evolving: - The Real Estate sector recorded the highest average eligibility - Utilities lead with the highest Taxonomy-aligned turnover - 76% of companies reported at least some eligible turnover, an increase from last year Dive into the detailed sector insights and see how your company measures up. 📥https://lnkd.in/eZARsrfD #Sustainability #EURegulations #ESG #CorporateReporting #TaxonomyAlignment