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PwC software “EU Taxonomy Manager” for industrial companies
EU Taxonomy Manager: a holistic solution to integrate existing processes and technologies.
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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Taxonomy Manager
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Your advantages at a glance
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The EU Taxonomy
The Challenge
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:
- Availability, quality and robustness of new data sources can fall short of requirements.
- The classification of economic activities into taxonomy-eligible or taxonomy-aligned is complex and is based on multiple criteria.
- Currently, most KPIs are calculated manually, largely with the help of spreadsheet solutions.
- Additional process documentation is required to fulfil Reasonable Assurance.
Our solution
The cloud-based PwC solution “EU Taxonomy Manager” helps you reduce the complexity of the EU Taxonomy by:
- an automated key figure calculation based on SAP BTP technology,
- different masks to support the classification of taxonomy eligibility and taxonomy compliance,
- predefined dashboards for implementing EU taxonomy reporting to present data flows and for further analysis, and interfaces for integration with other SAP sustainability solutions
Services at a glance
- EU Taxonomy E2E
- Release capability
- Integrative and holistic approach
- Open ecosystem
- Easy connection & high scalability
- Close exchange with SAP
EU Taxonomy E2E
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.
“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.”
Your added value
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.
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