Exclusive Networks // Sustainability Report 2022
Environmental footprint Green Taxonomy
5.4
Green Taxonomy
adaptation to climate change; sustainable use and protection of water and marine resources; transition to a circular economy; pollution prevention and control; the protection and restoration of biodiversity and ecosystems. Note: for 2022, only the first two objectives were to be considered. The classification of activities is based on a five-step approach: identify the activities considered “taxonomy-eligible”, based on the Delegated Regulation (EU) 2021/2139 of 4 June 2021; qualify the substantial contribution of the activity to the environmental objective; ensure that the activity Does Not Cause Significant Harm to any of the objectives; ensure compliance with the OECD and UN guidelines for business, in particular with regard to fundamental rights at work and human rights; calculate the indicator by relating aligned activities to total activities.
5.4.1 What is the Green Taxonomy? European Regulation (EU) 2020/852 of 18 June 2020, known as the “Taxonomy Regulation”, is one of the flagship measures of the European Green Pact, which aims to: redirect capital towards sustainable investments; managing the financial risks of climate change and related social issues; promote transparency and a long-term view of economic and financial activities. The Taxonomy establishes a classification system for economic activities that can be considered environmentally sustainable, distinguishing between activities carried out on behalf of clients, investments and ongoing operations. Three indicators are therefore expected, expressed as a percentage of the “alignment”: revenue;
capital expenditure (CapEx); operating expenditure (OpEx).
An “aligned” activity is one that is considered sustainable because it contributes to one or more of the following environmental objectives: climate change mitigation;
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Exclusive Networks
Sustainability Report 2022
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