EU taxonomy: Classifying sustainable economic activities
Why the EU taxonomy – and why it is strategically relevant for companies The EU taxonomy is the EU’s central classification system for defining which economic activities are considered environmentally sustainable. The aim is to direct capital flows toward sustainable activities and prevent greenwashing. For companies, this means in concrete terms: In short, taxonomy is […]
ESRS at a glance: The blueprint for your sustainability report
The introduction of the CSRD (Corporate Sustainability Reporting Directive) clarified the “if” of reporting. The ESRS (European Sustainability Reporting Standards) now clarify the “how.” They are the technical framework that ensures that sustainability reports in the EU will be as comparable and reliable as financial reports in the future. For companies, this means an end […]
The Product Carbon Footprint (PCF) – Determination of the CO₂ footprint of products
While the Corporate Carbon Footprint (CCF) measures a company’s total carbon footprint, the Product Carbon Footprint (PCF) goes into more detail. It answers a question that customers, investors, and regulators are asking more and more loudly: What is the climate impact of this specific product—from raw material extraction to disposal? The PCF has long been […]
Corporate Sustainability Due Diligence Directive (CSDDD) – Classification
CSDDD vs. LkSG: A comparison of the new European supply chain law With the adoption of the Corporate Sustainability Due Diligence Directive (CSDDD)—often referred to as the EU Supply Chain Act—the European Union set new standards for corporate due diligence in the summer of 2024. German companies are now faced with the urgent question: What […]