EU taxonomy

In light of global warming, European countries have committed themselves to do more for climate protection. Both the Paris Agreement from 2015 and the European Green Deal view sustainable investment as an important starting point. The European Commission is currently working on the development of an EU-wide classification system for sustainable business activities – the EU taxonomy.

In line with our sustainable corporate strategy, we have decided to already expand our integrated reporting this year to include some of the information that will be obligatory in future according to the EU Taxonomy Regulation.

In a first stage, the performance indicators required by the EU taxonomy were compiled in 2020 with a focus on the two segments Grids and Renewable Energies. The following activities were considered: Onshore and offshore wind, solar, run-of-river and electricity grids (transmission and distribution grids). Alongside the required information on revenue, capex and opex from environmentally sustainable activities, we also collected information on the adjusted EBITDA.

You will find the full report on the implementation project for the application of the EU taxonomy here.

Detailed information on the introduction of the EU taxonomy can be found in the section Sustainability reporting.