A contribution by
Dr. Stefan Hirschmann
Member of the Management Board
VÖB-Service GmbH
Cooperation partner at Fin.Connect.NRW
The EU Taxonomy is a classification system for the qualification of environmentally sustainable economic activities and corresponding financing and investments. It aims to establish the assessment of environmental sustainability throughout the EU and to strengthen investor confidence, make green investments more transparent and protect investors from greenwashing.
The requirements of the EU taxonomy are putting many companies under pressure. The scope alone, both in terms of breadth and depth, puts many other regulations in the shade. In order to make the enormous complexity of the EU taxonomy tangible for users and to automate the implementation of regulatory requirements in the best possible way, the Association of German Public Sector Banks and VÖB-Service GmbH, in cooperation with Dydon AG, have jointly developed a software solution for implementing the EU taxonomy for sustainable investments.
The TAXO TOOL can analyze and evaluate individual economic activities for their taxonomy conformity. The AI-supported solution is primarily aimed at banks and savings banks as customers. It is also open to anyone who is interested in a market standard for implementing the taxonomy and who falls within the scope of the Taxonomy Regulation.
Further information and free webinar registration:
https://www.voeb-service.de/bankensoftware/taxo-tool
