As part of the EU Taxonomy, listed companies must assess to what extent their economic activities now correspond with the predefined sustainability criteria for two of the future six environmental objectives. The European Regulation also requires the expansion of non-financial reporting to include the taxonomy-eligible and taxonomy-compliant portion of the key figures on sales, capital expenditure and operating expenses, along with other qualitative information.
The EU Taxonomy Manager is a SaaS solution from PwC that helps the industrial companies categorise their economic activities, classify them in terms of taxonomy eligibility and taxonomy compliance, and automatically calculate the newly required key figures. In addition, reports are provided on the basis of the calculations in the EU-defined formats and thus cover all necessary taxonomy steps.
For companies, this means a significant simplification through automation and support throughout the entire process.
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A recent PwC study on the EU taxonomy showed that most companies surveyed still map the processes required for this manually. Over 70% of survey respondents said they used manual spreadsheet solutions for reporting in question. This is time-consuming, expensive and prone to errors.
The implementation of the EU Taxonomy is complex. Customers especially see the following challenges here:
The cloud-based PwC solution “EU Taxonomy Manager” helps you reduce the complexity of the EU Taxonomy by:
The EU Taxonomy Manager controls the entire process from classification to automatic filling of the EU template. The comprehensive data platform in combination with the reporting dashboards facilitates strong control functions.
If the legislation changes (e.g. the upcoming environmental targets), our audit-proof solution will be updated to meet future legal requirements.
Our holistic ESG Management Suite integrates various ESG tools (e.g. Check Your Value Chain: LkSG App, RSA, Climate Excellence) into a comprehensive solution for ESG requirements.
The EU Taxonomy Manager and the corresponding data can be integrated into SAP applications (e.g. SAP Sustainability Control Tower).
Our modern application platform offers a high level of integration, easy connectivity to transactional systems (SAP ERP, SAP BW, etc.) and can be deployed quickly across the business.
Our technology is developed in close cooperation (C-Level Commitment) with SAP and fits seamlessly into the SAP portfolio.
“The EU Taxonomy will introduce further ESG requirements and objectives in the coming years. In addition, reporting requirements are incorporated into the CSRD Directive, which broadens the affected group to around 15,000 companies in Germany alone. In order to manage these new regulations, automated solutions will become increasingly important for companies in the future.”
The “EU Taxonomy Manager” supports you in implementing the complex requirements of the EU Taxonomy and at the same time creates the necessary transparency to optimise your processes.