SPOTLIGHT:
TaxonomyPort offers an evaluation of taxonomy indicators. Here, the spotlight is shone on individual companies and the associated performance indicators are examined more closely.
In the last reporting year of 2023, the performance indicators had to be reported more precisely on the basis of taxonomy-compliant economic activities (taxonomy eligible activities). In addition, individual details on the methodology of the Taxonomy-KPIs are shown - if disclosed - and any forecasts for the coming financial years are presented.
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(ISIN DE0006202005)
For the 2023 financial year, the simplified reporting option for the Taxonomy 2 targets could no longer be selected and the performance indicators now had to be published based on the taxonomy-compliant economic activities. The reporting has extensively reduced the taxonomy indicators as part of the consideration of the Technical Assessment Criteria.
In order to be classified as environmentally sustainable or taxonomy-compliant, the economic activity must fulfill the technical assessment criteria in addition to the activity description and thus make a significant contribution to the climate goal, not significantly impair any of the other five environmental goals and take into account compliance with the minimum protection As the Salzgitter Group's taxonomy-compliant economic activities are assigned to the environmental goal of “climate protection”, the requirements are based on the European Commission's Delegated Regulation (EU) 2021/2139 and in particular Annex I thereto. In accordance with the Environmental Delegated Regulation, no conformity assessment is yet planned for economic activity 2.7 in the financial year 2023 and will therefore be carried out for the first time in the following year 2024.
The performance indicators (Taxonomy KPIs) of Salzgitter AG were stated as follows:
(ISIN: NL0000235190)
The assessment of compliance with the EU Taxonomy Regulation has been carried out in four steps:
– determination of EU Taxonomy eligibility: screening of the Company’s turnover, CapEx and OpEx versus the activities described in the currently applicable Delegated Acts and allocation on the basis of the activity description, resulting in a list of eligible activities;
– determination of EU Taxonomy alignment with technical screening criteria: for the eligible activities which exceed 1%, applicable substantial contribution and do no significant harm criteria have been identified and analysed, gathering the available and relevant information and evidence. By exception, when related amounts are considered not material for the Company’s business and would require unreasonable efforts to assess their alignment with related TSCs, the Company may report them as non-aligned;
– determination of EU Taxonomy alignment with the minimum safeguards: following the guidance provided by the Platform on Sustainable Finance in its “Final Report on Minimum Safeguards” published in October 2022(1), and more specifically by analysing the non-compliance criteria proposed in the aforementioned report concerning human rights, taxation, fair competition and corruption & bribery areas at Company level.
This exercise has been conducted by a dedicated team involving experts from different functions and Divisions through a number of interviews and working sessions during the year.
In 2023, taxonomy eligible activities related to “– 4.24 Production of heat/cool from bioenergy”, “– 7.3 Installation, maintenance and repair of energy efficiency equipment” and “– 7.6 Installation, maintenance and repair of renewable energy technologies”, were related to projects aiming to improve energy efficiency and reduce CO2 emissions that are part of the Company’s transition plan.
They have been allocated to one taxonomy activity and one environmental objective, avoiding the risk of double counting. In 2023, the results of the self-assessment of minimum safeguards criteria was positive taking into account the noncompliance criteria recommended in the Final Report on Minimum Safeguards.
The performance indicators (Taxonomy KPIs) of Airbus SE were stated as follows:
TurnOver = 0 %
CapEx = 0 %
OpEX = 0 %
(ISIN: DE0005664809)
Within capital expenditure, there are activities that contribute to the overall Evotec's overall operations, even if they do not directly generate revenue.
directly. These activities, such as the construction or acquisition of new production production facilities and investments in energy-efficient equipment, are not
not reported separately as taxonomy-eligible economic activities. Instead, they play an important role in supporting our revenue-generating activities.
After reviewing the alignment criteria, Evotec concludes that it does not meet the criteria and reports zero alignment.
The performance indicators (Taxonomy KPIs) of EVOTEC SE were stated as follows:
TurnOver = 0 %
CapEx = 0 %
OpEX = 0 %