This year marks plenty of news in the expanding Worldfavor product family. The newest addition, launched on the 10th December, is the Taxonomy Solution, aiming to make alignment with the EU Taxonomy easy pain-free for companies that are affected by the regulation.
High demand for an EU Taxonomy Solution
The new legal climate framework is the first of its kind in the EU, and is a game changer for reaching the climate goals set in the Paris Agreement.
“The EU Taxonomy represents one of the single largest steps yet in reorienting basic economic activity towards low carbon. It will help bridge that gap between climate ambition and real economy investment that has been increasingly visible since the Paris Agreement.”
Sean Kidney, CEO Climate Bonds Initiative, Member of TEG
The final report by the EU was released in June 2020, and the deadline for companies to report on the requirements that the Taxonomy carries is approaching, with the first milestone in 2021.
The new law raises increased demands on companies, namely for reporting on economic activities, that have been identified by the EU as green or with potential to become green.
A simple way of meeting the EU Taxonomy requirements
The Taxonomy entails fairly complex requirements for companies that are affected by the regulation, and the EU Taxonomy Solution is Worldfavor’s answer to making it simple to meet those requirements, with the help of the cutting edge technology that distinguishes Worldfavor’s platform, and, of course, expertise and personal guidance in the area.
“The EU taxonomy will be an essential tool for making the EU climate goals implementable in practice and play a key role in climate change mitigation – bridging the gap between ambition and real adoption. The EU Taxonomy Solution is an enabler for organizations affected by the EU Taxonomy to assess alignment, and take action where needed. We are really happy and excited to create an easy, automated solution for a rather complex framework. It shouldn't be hard for companies to transform and become green – that’s where the EU Taxonomy Solution comes in!” says Andreas Liljendahl CEO at Worldfavor.
Solution Features
The solution helps to easily collect data on identified metrics, analysis and hitting goals to reach full alignment with the EU Taxonomy and, subsequently, transit into a low-carbon, resilient and resource effective economy. Some of the features in the EU Taxonomy Solution are:
- Ready-to-use assessment questionnaires
- Automated data collection and analysis on alignment and fulfillment
- A User-friendly interface and cutting edge technology
- GAP-analys to help to identify
To get started on your Taxonomy assessment you just need to know which economic activities your company needs to assess, and the platform will take care of the rest.
Find out more about the EU Taxonomy Solution and how it can help your company become aligned, or book a personal demo today.
