Watching over your EU Taxonomy and DNSH-aligned development projects

EU Taxonomy

The EU taxonomy and the DNSH (Do No Significant Harm) principle are essential parts of the EU's sustainable finance framework and play an important role in promoting market transparency.

Together with the SFDR (Sustainable Finance Disclosure Regulation) for banks, investors and insurers, and the CSRD (Corporate Sustainability Reporting Directive) for companies, this framework helps to focus investments on economic activities that are critical in the transition to a sustainable economy, in line with the goals of the European Green Deal.

Screening & monitoring

The EU Taxonomy framework determines which economic activities can be considered sustainable according to European standards. Activities are assessed based on six key climate and environmental pillars, with specific technical criteria that must be followed for each activity to comply with the EU taxonomy.

By establishing a uniform definition of sustainability, Europe aims to effectively combat greenwashing and direct financial flows towards sustainable activities. This will become increasingly important from the perspectives of investment and banking (SFDR) as well as for companies (CSRD) in the future.

Real estate and infrastructure projects that meet these technical criteria will not only be recognized as sustainable but may also secure more attractive conditions in the future. Furthermore, the involved construction actors can better promote their sustainable image.

Activity criteria

An eligible activity must meet the following criteria:
Substantial contribution
The activity must contribute substantially to at least one of the six climate- or environmental goals listed above.
No significant harm
The activity must not cause significant harm to any of the other climate- or environmental goals (the DNSH criteria).
Minimum social safeguards
Activities must comply with social safeguards to prevent investments from being wrongly labeled as ‘sustainable’ in cases of human rights violations, corruption, or breaches of tax and competition laws.

Did you know?

For real estate it is at this time only possible to contribute substantially to climate mitigation, climate adaptation or circularity.

Known activities in the construction industry

The construction industry includes various activities, such as:

  • Demolition of buildings
  • Individual measures for energy renovations
  • Construction of new buildings
  • Renovation of existing buildings
  • Acquisition & ownership of buildings

In addition, there are activities related to infrastructure, such as:

  • Use of concrete in civil works
  • Construction and operation of tunnels, bridges, dams and other civil structures

Our offer

We provide a detailed report that can be presented to banks, investors, and other stakeholders. This report supports your ambitions to align with the EU Taxonomy.

When should you reach out?

We can support you in various phases of your project. During the design phase, we can screen your project to assess whether adjustments are necessary. During the construction phase, we offer monitoring to normalize the risk of non-alignment. We can offer this as a standalone service or in combination with a technical inspection or a BREEAM/DGNB certification.

In addition, we can prepare a report you can use for your internal sustainability reporting, and that can be presented to banks, investors and other stakeholders to support your efforts and ambitions with regards to the EU Taxonomy.

References
EU Taxonomy screening & monitoring
Immobel - Oxy
EU Taxonomy screening & monitoring
Immobel - Isala
EU Taxonomy screening
Immobel - O'Sea
EU Taxonomy screening
DNSH

The DNSH principle ensures that construction projects and other initiatives that receive funding through the Resilience and Recovery Plan, the REpowerEU program or ERDF grants are in line with European climate and environmental policy goals.

Screening & monitoring

To ensure this agreement, economic activities must be assessed against the same six climate and environmental objectives of the EU Taxonomy. It must be demonstrated that the activities have no significant negative impact on any of these objectives.

If there is potential damage, the required measures must be indicated to control any risk of significant damage.

If this is not possible or if these requirements are not met during the implementation of the project, this may result in the withdrawal of funding or the recovery of the funds provided.

When should you reach out?

We can support you in various phases of your project. During the design phase, we can screen your project to assess whether adjustment is necessary. During the construction phase, we offer monitoring to normalize the risk of not respecting the objectives. We can offer this as a stand-alone service or in combination with a technical review or a GRO or LEVEL (s) support.

Thanks to our independent status, conflicts of interest are excluded, so that we can work completely unbiased. This leads to a reliable technical report that you can use to support your efforts and ambitions with regard to the DNSH principle.

GREENBIZ II
DNSH screening & monitoring
SWL
DNSH monitoring