Our view of the EU Taxonomy
Avikro wants to be leading in the ESG space, so naturally, we consider the EU Taxonomy not as
a mere ticking the box exercise, but as an opportunity for us to provide transparent reporting
to our stakeholders, increasing visibility and improving our sustainability strategy.
We welcome the implementation of the EU Taxonomy and we have assessed its impact on our
company in line with its overall objectives, albeit accepting that parts of the Taxonomy
Regulation are subject to interpretation, which may lead to variety in its application.
Considering the level of complexity as well as the evolving character of the framework, we
expect that Taxonomy reporting will develop over time. We will periodically revalidate our
methodology and our reported KPIs based on the evolution of the regulations and forthcoming
guidance.
The EU Taxonomy entered into force on 12 July 2020, establishing criteria for environmentally
sustainable economic activities related to six environmental objectives. The taxonomy
regulation also amended the EU Accounting Directive (2013/34/EU) on non-financial
information by expanding the scope of content that needs to be disclosed by large companies in
the Management Report. It requires companies to disclose the proportion of their activities
that qualify as environmentally sustainable.
The disclosure requirements are set out in a Delegated Act under Article 8(4) of the Taxonomy
Regulation (published 6 July 2021). These disclosure requirements will be fully in force for
reporting year 2022, and limited disclosures are requested for 2021. For the reporting period
2021, companies shall provide information on the proportion of taxonomy-eligible and
taxonomy non-eligible economic activities in their total activities using the KPIs turnover,
capital expenditure, and operational expenditure, as well as qualitative information. Therefore,
we have assessed our economic activities for eligibility in relation to the first two
environmental objectives per the EU Taxonomy. Furthermore, we assessed if we have
information available to provide disclosures on the proportions using the financial KPIs.
Our eligibility
The outcome of the below assessment indicates the parts of our current activities that are in
scope for the first two environmental objectives that relate to climate mitigation and climate
adaptation.
Based on the standard table as provided in the EU taxonomy, Avikro reports the following for
2021: