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Sustainable Finance and the EU Taxonomy regulation
NRC Group is closely monitoring the EU’s work on Sustainable Finance and the EU Taxonomy regulation. The new legislative and non-legislative actions introduced in the European Green Deal and the EU Sustainable Finance Action plan will require financial market participants and companies to consider and disclose how they are working with sustainability in a new and standardized manner.
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The EU Taxonomy, a cornerstone of this work, establishes a classification system with criteria for which economic activities can be considered environmentally sustainable. Large companies like NRC Group will be required to disclose to what extent our turnover, investments and operational costs are aligned with the EU Taxonomy criteria from 2022.
Going forward, we believe the NRC Group will benefit from the EU taxonomy as our core business areas are largely aligned with the EU environmental objectives. In 2021, we will further analyse how our operations align with the final EU Taxonomy criteria.
