Creating a Business Activity and Performing the Eligibility Assessment

Getting Started

Global Functions

Administration

Extended Planning & Analysis (xP&A)

Consolidation & Financial Planning

ESG Reporting

User Roles and User Interface in ESG Reporting

General Functions in ESG Reporting

All Steps at a Glance – ESG Reporting

Creating Report

Working with Duplicated ESG Reports

Mapping Double Materiality Assessment Results

Configuring the Report Questionnaire

Collecting Data for ESG Report

Collecting and Reviewing ESG Data

Collecting EU Taxonomy Data

Status Update per Reporting Entity

Assessing Minimum Safeguards

Creating a Business Activity and Performing the Eligibility Assessment

Covering SCC and DNSH Questionnaires

Collecting Financial Data

Checking Data

Generating ESG Report

Exporting Data

Creating Custom Emission Factors

Reopening an ESG Report

Canceling an ESG Report

Disclosure Management

XBRL Tagger

Lease Accounting

Banking & Cash Management

Data Collection

Tax Compliance & Reporting

Glossary

In the Reports and Activities workspace, users can create business activities, such as using solar energy panels, and assess if these business activities are eligible for the EU Taxonomy.

To create a new business activity:

Open the Reports and Activities workspace and click the reporting entity for which you want to create business activities.

The overview of already created business activities is displayed as follows, for example:

Display of status of assessment for taxonomy eligibility and eligibility goals for business activities

In the top right corner, click + Business activity.

Specify the data for your business activity and perform the eligibility assessment (see following subheadline).

Specify the data for your business activity and perform the eligibility assessment as follows:

Name of your business activity

EU Taxonomy sector that corresponds to your business activity, e.g.:

The EU Taxonomy sector Energy corresponds to the business activity named Geothermal District Heating Systems.

EU Taxonomy activity that falls under the chosen EU Taxonomy sector and that best describes your business activity, e.g.:

E.g. if you are generating energy from a photovoltaic plant, the suitable activity would be Electricity generation using solar photovoltaic technology.

NACE code(s) that correspond(s) to your business activity. The selection of NACE codes has no effect on the eligibility, but it helps you to easier align your business activity with the EU Taxonomy.

See tooltip for more information

Option	Description
Do you have financial figures (turnover, CapEx, OpEx) for the selected business activity in the current reporting period?	Indicate whether you can deliver financial figures for your selected business activity.

Depending on the EU Taxonomy activity chosen above, the environmental goals are automatically displayed. For each of the environmental goals listed below, indicate whether your business activity can be associated with the EU Taxonomy activity or NACE code that is mentioned in the description in the blue information box:

Choose Yes or No for each environmental goal.

Provide an explanation as to why you chose Yes or No.

Please note:

The descriptions are derived directly from the taxonomy activities descriptions in the delegated regulations.

The following applies to the descriptions:

In case there is

more than one

environmental goal applicable, the descriptions might be

the same

for two or more goals. In that case, your answer for one of the goals is

automatically applied

to the other goals with the same descriptions.

If the descriptions are

different

for the environment goals, you have to answer for each goal individually.

On the right-hand side, you can find the following:

The

status of the assessment

for every individual goal

indicating the

contribution type

, i.e. the business activity is classified as a transitional or enabling business activity; please note that this does not apply for all business activities.

three-dot menu

with the option to display information on the

Substantial Contribution Criteria (SCC)

that are relevant for the environmental goal. The SCC information can help you determine whether your business activity is eligible for the EU Taxonomy regarding a specific environmental goal.

An example for a business activity is displayed. — Example for business activity

After having configured your business activity, the ESG Reporting solution automatically assesses the taxonomy eligibility. The following statuses are possible:

Eligible, i.e.:

One or more environmental goals have been confirmed with

Yes

Question related to financial figures was answered

positively

Not eligible

, i.e.

was chosen for

all

environmental goals or the question related to financial figures was answered

negatively

In progress

, i.e. one or more environmental goals have not been confirmed with

Yes

or the question regarding the financial figures has not been answered yet.

If your business activity has the status Eligible, you can continue with the alignment assessment.

Last updated on Aug 16, 2023

Creating a Business Activity and Assessing the Taxonomy Eligibility

Overview

Creating a Business Activity

Statuses for Eligibility Assessment

Creating a Business Activity and Assessing the Taxonomy Eligibility

Overview

Creating a Business Activity

Specifying Business Activity and Performing Eligibility Assessment

General data

Business activity name

EU Taxonomy sector

EU Taxonomy activity

NACE code

None of the NACE codes apply

Financial figures

Environmental goals

Statuses for Eligibility Assessment

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