Adding to the “Climate Delegated Act”, published in December 2021, the Commission has approved a new set of the EU Taxonomy criteria. These criteria focus on economic activities that contribute significantly to one or more of the non-climate environmental objectives, outlined in the “Environmental Delegated Act” from June 2023. This delegated act is aimed at:
- Sustainable use and protection of water and marine resources,
- Transition to a circular economy,
- Pollution prevention and control,
- Protection and restoration of biodiversity and ecosystems.
As a result, companies falling under the scope of the NFRD (Non-Financial Reporting Directive) will experience increased reporting requirements for the report to be published in 2024.
Join our seminar and unravel the impact of EU Taxonomy
This seminar provides an overview of the Taxonomy, its background, and practical guidance for estimating aligned and eligible KPIs. Additionally, it offers guidance and practical advice from across the CEE region on assessing the eligibility of economic activities and aligning them.
Non-financial companies are required to disclose the proportion of environmentally sustainable economic activities that align with the EU Taxonomy criteria. Moreover, translating environmental performance into financial variables (turnover, CapEx and OpEx KPIs) allows investors and financial institutions to have clear and comparable data for their investment and financing decisions.
Furthermore, the European Green Deal, a set of policy measures by the European Commission, aims to combat the climate crisis and transform the EU into a modern, resource-efficient, and competitive economy with no net emissions of greenhouse gasses by 2050.
To reach these goals, the EU prepared the Sustainable Finance Package, which is a set of financial regulations that enables the Green Deal by helping to channel private investment to a climate-neutral economy, and in particular to facilitate the energy transition. The Sustainable Finance Package includes the EU taxonomy regarding the economic activities that contribute most to meeting the EU’s environmental objectives.
The Taxonomy regulation requires the Commission to define technical screening criteria for each environmental objective through delegated acts to prevent greenwashing and assist investors in making greener choices.
Who is it for?
Individuals responsible for financial and sustainability statements in a company, as well as those overseeing the publication of annual reports
Financial and ESG experts from companies with over 250 employees and €40 million in net turnover and/or €20 million in assets, as those should begin preparing for mandatory disclosures in annual reports starting from FY 2024
Benefits for participants
After the workshop participants will be able to:
- Understand the process for determining eligibility of their economic activities
- Take the steps for implementation of taxonomy-aligned activities
- Explain obligatory reporting templates
- Understand how the international financial reporting standards and EU Taxonomy are interconnected
- Gain understanding of the background of the EU Taxonomy and sustainable finance
Our tutors
Amorella Horvat Topić is a Manager for ESG in Risk Assurance Services (RAS) department at PwC Croatia. Amorella has over six years of experience in sustainability and corporate social responsibility consulting, with focus on strategy implementation, EU Taxonomy, sustainability reporting, UN SDGs, knowledge of international standards such as GRI for sustainability reporting and ISO standards.
Amorella holds an MSc in Corporate social responsibility with environmental management from The University of York and a MA in European and international studies from the European Institute, with BA in Communication science from The University of Zagreb.
Date:
12 December 2023, 9am-3pm CET
Venue:
PwC's Academy, Heinzelova 70, Zagreb
Language:
Croatian
Price:
EUR 180 + VAT (lunch included)
