FAQ's
What is Greenomy?
Greenomy is an AI-powered ESG reporting platform helping corporates to measure, disclose, and enhance their sustainability performance in line with EU sustainable finance regulations, including the CSRD and EU Taxonomy. By facilitating collaboration and redirecting funds towards sustainable initiatives, Greenomy supports the transition towards a more sustainable economy aligned with the EU Green Deal.
Which sustainable finance requirements does Greenomy cover?
The Greenomy solution tackles the requirements outlined in the Corporate Sustainability Reporting Directive (CSRD) by seamlessly digitising the 12 Environmental and Social Reporting Standards (ESRS) including hundreds of data points, and aligns with the EU Taxonomy framework. Recognising the limited resources of smaller organisations, Greenomy extends its offerings to include a tailored solution for SMEs, known as the Voluntary ESRS for non-listed SMEs (VSME ESRS), and a simplified version of CSRD reporting included in our Impact Scoring Platform (ISP), providing a user-friendly alternative for comprehensive sustainability reporting.
What countries do Greenomy Solutions cover?
It is designed to assist any company subject to EU sustainability regulations, regardless of their geographical location. Greenomy is gradually integrating other non-EU Green Taxonomies & other ESG frameworks to offer stakeholders a one-stop solution for their global operations and an international user-owned ESG market infrastructure.
How does Greenomy simplify ESG reporting?
Greenomy automates the collection, analysis, and disclosure of ESG data, saving you time and money. Our interconnected portals form an ecosystem that effortlessly coordinates complex ESG data from multiple sources, ensuring compliance with the CSRD and EU Taxonomy frameworks. With our comprehensive documentation and ESG expertise, you can easily navigate the diverse requirements and streamline your reporting process.
How can I get started with my ESG reporting as a corporate?
Greenomy provides expert guidance to help you get started on your ESG reporting journey. Our Sustainability Experts offer tailored recommendations on the CSRD, EU Taxonomy, and related regulations, based on your unique situation. Our team can guide you through the entire reporting process, from data collection to submitting the final report, ensuring that you are aligned with the latest sustainability standards and regulations.
Discover our Advisory services
What are the reporting requirements under CSRD?
The CSRD mandates companies under certain conditions to report in compliance with the 12 European Sustainability Reporting Standards (ESRS), which include over 1,200 data points. Companies will have to apply the new rules for the first time in 2025 based on the financial year 2024 data. It is then crucial to start performing a data gap assessment, setting up data collection processes, and implementing a plan of action as of 2024.
Learn more in our quick CSRD e-guide
What is double materiality?
Double materiality not only focuses on how sustainability matters affect the development, performance, and position of the company—also known as financial materiality—but also on the impacts of the company on sustainability matters—otherwise known as impact materiality. Conducting a comprehensive double materiality assessment ensures that the organisation's ESG reporting prioritises the most pertinent topics for both internal operations and external stakeholders, in accordance with the mandated CSRD regulation.
How do I get started on my CSRD reporting?
Our Sustainability and ESG Data Advisors provide expert guidance to help you get started, offering tailored recommendations and training sessions based on your unique situation. Want to take it one step further? Participate in Greenomy's CSRD accelerator programme: a comprehensive training programme of 12 weeks to help companies develop a clear CSRD action plan, ensuring compliance for years to come.
Discover our Advisory services
What is the EU Taxonomy?
The EU Taxonomy is a regulatory framework that determines whether an economic activity is environmentally sustainable. Its aim is to establish a common language used across sectors, standardizing the meaning of sustainable activity. The framework is a core part of the EU’s Action Plan for Sustainable Finance, which seeks to shift capital flows towards sustainability by enhancing transparency and accountability for environmental performance and sustainable investments.
Learn more in our quick EU Taxonomy e-guide
How can I calculate my eligibility and alignment to the EU Taxonomy with Greenomy?
The first step is the identification of activities listed in the legislative text that fall within a company's operations, i.e. Taxonomy-eligibility. Once eligible activities have been identified, you can proceed to the alignment analysis by following the three main steps: making a substantial contribution to one of the 6 objectives, Doing No Significant Harm (DNSH) to any of the 5 other objectives and complying with minimum social safeguards. To be aligned, corporates calculate the above through the Technical Screening Criteria provided, under three financial KPIs: Turnover, Capex and Opex.
Don't hesitate to reach out to us to get help in these steps.
What data architecture is needed to use Greenomy?
Greenomy can connect any data architecture. Our 100+ connectors allow us to customise our solution to your situation, so you can source the necessary information for CSRD and EU Taxonomy reporting from any source. Greenomy is also proposing Import data contracts to facilitate data integration.
How can ESG Data Libraries help me with CSRD/ EU Taxonomy reporting?
ESG Data Libraries enable organisations to efficiently gather data from various sources, both structured and unstructured, to use for different purposes. The inherent flexibility of Data Libraries enables companies to easily navigate the dynamic sustainability landscape in a shifting regulatory environment. Leverage Greenomy's ESG data model to build a customised ESG Data Library, enabling seamless integration with your BI tools for strategic ESG analytics and streamlining your CSRD/ EU Taxonomy reporting.
How can AI help in ESG reporting?
AI streamlines crucial tasks in your ESG reporting. It effortlessly gathers data upon document upload, eliminating manual efforts. Your AI advisor addresses legal and ESG queries, bypassing costly consultations. This efficiency grants you more time to enhance sustainability. Additionally, Artemis analyses industry benchmarks, tailoring suggestions. In sum, Artemis catalyses your green transition.
What sets Greenomy' AI apart?
Greenomy's AI Sustainability Advisor, Artemis, is the cornerstone of our end-to-end ESG solution specifically designed to seamlessly streamline CSRD/EU Taxonomy reporting for companies. This enables our all-in-one solution to address every facet of the process, from understanding the regulations to producing your final report, all while facilitating cross-departmental collaboration.
What can I ask Artemis?
You can ask Artemis a wide range of questions and utilize its capabilities in various ways. Artemis provides valuable insights on ESG regulations, guiding you through compliance, helps transform text to answer CSRD disclosure requirements, and even presents best peer practices to enhance your sustainability efforts.
How did Artemis acquire its knowledge?
Artemis was meticulously trained on official legal documents outlining CSRD and EU Taxonomy, complemented by premium content from our team of Sustainability Experts. Additionally, it was trained on 1,000+ reports to acquire first-hand market data. The quality of its responses has been carefully refined by our team of ESG and Regulatory Experts to ensure high accuracy.
Are there prerequisites for the courses?
Our courses are open to all professionals, regardless of their current level of familiarity with ESG reporting. Each training begins by quickly revisiting the basics before delving deeper into the concepts, ensuring that participants of all backgrounds can benefit from the content. This approach allows for a comprehensive understanding and a solid foundation in the subject.
What materials are used in the courses?
Our courses primarily utilise video formats, supplemented by a diverse range of content types. Participants will have access to relevant materials including articles, research papers, curated web links, and knowledge checkpoints to confirm comprehension.
How long are the courses?
Our courses are thoughtfully designed to be comprehensive and user-friendly. On average, each course takes approximately 2 to 4 hours to complete, but the duration may vary based on individual learning pace.
What is Greenomy?
Greenomy is a cloud-based ESG reporting platform that helps corporates, credit institutions, and asset managers measure, disclose, and enhance their sustainability performance in line with EU sustainable finance regulations, including the EU Taxonomy, CSRD, and SFDR. It connects all entities, establishing a comprehensive sustainability data and analytics ecosystem. By facilitating collaboration and redirecting funds towards sustainable initiatives, Greenomy supports the transition towards a more sustainable economy aligned with the EU Green Deal.
Which sustainable finance requirements does Greenomy cover?
Greenomy covers all leading ESG frameworks and requirements. This includes the following: EU TaxonomyCorporate Sustainability Reporting Directive (CSRD)Sustainable Finance Disclosure Regulation (SFDR)Green Asset Ratio (GAR)Banking Book Taxonomy Alignment Ratio (BTAR)Global Reporting Initiative (GRI) StandardsInternational Sustainability Standards Board (ISSB)Task Force on Climate-related Financial Disclosures (TCFD) requirementsEuropean ESG Template (EET)Impact Scoring Platform (ISP): covering the Light CSRD and the Sustainable Development Goals (SDGs)
What countries do Greenomy Solutions cover?
It is designed to assist any company subject to EU sustainability regulations, regardless of their geographical location. Greenomy is gradually integrating other non-EU Green Taxonomies & other ESG frameworks to offer stakeholders a one-stop solution for their global operations and an international user-owned ESG market infrastructure.
How can I get started with my ESG reporting as a corporate?
Greenomy provides expert guidance to help you get started on your ESG reporting journey. Our Sustainability Experts offer tailored recommendations on the CSRD, EU Taxonomy, and related regulations, based on your unique situation. Our team can guide you through the entire reporting process, from data collection to submitting the final report, ensuring that you are aligned with the latest sustainability standards and regulations.
Discover our Advisory services
How does Greenomy simplify ESG reporting?
Greenomy automates the collection, analysis, and disclosure of ESG data, saving you time and money. Our interconnected portals form an ecosystem that effortlessly coordinates complex ESG data from multiple sources, ensuring compliance with the EU Taxonomy, CSRD, and SFDR frameworks. With our comprehensive documentation and ESG expertise, you can easily navigate the diverse requirements and streamline your reporting process.
What are the reporting requirements for Asset Managers?
As Financial Market Participants, Asset Managers have to collect comprehensive EU Taxonomy disclosure data from investees, encompassing more than 120 data points, and compute EU Taxonomy KPIs based on over 50 data points. The Sustainable Finance Disclosure Regulation (SFDR) necessitates tracking and computation of up to 18 mandatory indicators and up to 46 non-mandatory indicators for Principal Adverse Impacts (PAIs). Additionally, the European ESG Template (EET) condenses essential KPIs from multiple frameworks, amounting to 615 data points.
What are the reporting requirements for Insurance Companies?
Insurance companies face reporting requirements at both the product and entity levels. They need to report on Principal Adverse Impacts (PAIs), provide Pre-contractual and Periodic reports, and comply with regulations such as the Insurance Distribution Directive (IDD) and Markets in Financial Instruments Directive II (MiFID II) for insurance products. Furthermore, insurance companies are expected to submit the European ESG Template (EET) report, ensuring comprehensive ESG reporting across their operations.
What is the EU Taxonomy?
The EU Taxonomy is a regulatory framework that determines whether an economic activity is environmentally sustainable. Its aim is to establish a common language used across sectors, standardizing the meaning of sustainable activity. The framework is a core part of the EU’s Action Plan for Sustainable Finance, which seeks to shift capital flows towards sustainability by enhancing transparency and accountability for environmental performance and sustainable investments. Discover more in our e-book:
Learn more in our quick CSRD e-guide
What are the reporting requirements under CSRD?
The CSRD mandates companies under certain conditions to report in compliance with the 12 European Sustainability Reporting Standards (ESRS), which include over 1,200 data points. Companies will have to apply the new rules for the first time in 2025 based on the financial year 2024 data. It is then crucial to start performing a data gap assessment, setting up data collection processes, and implementing a plan of action as of 2023.
Learn more in our quick CSRD e-guide
What is the SFDR?
The Sustainable Finance Disclosure Regulation (SFDR) is a European regulation that enhances ESG transparency in financial products. It requires Financial Advisers (FAs) and Financial Market Participants (FMPs) to provide standardized disclosures on sustainability integration at entity and product levels. They must also assess and disclose the Principle Adverse Impact (PAIs) of their investment decisions. SFDR aims to prevent greenwashing, promote sustainable investments, and ensure consistent reporting practices.Discover more in our e-book
The Essentials of SFDR
What are the Principal Adverse Impacts indicators (PAIs)?
Part of the SFDR, the Principal Adverse Impact indicators (PAIs) are a set of metrics used to assess and disclose the adverse impacts of investment decisions on sustainability factors. They aim to provide transparency and allow investors to evaluate the environmental, social, and governance (ESG) risks associated with their investments.
What is the GAR?
The Green Asset Ratio (GAR) is a measure within the EU Taxonomy framework that indicates the proportion of a financial institution's assets that are considered "green" or aligned with sustainable activities. It is computed as the proportion of a credit institution’s assets that finance and are invested in EU Taxonomy-aligned economic activities compared to the lenders' banking books. It aims to assess the institution's commitment to sustainability and its progress in transitioning its portfolio towards environmentally friendly investments.
What is the BTAR?
The Banking Book Taxonomy Alignment Ratio (BTAR) measures the extent to which an institution's loan and investment portfolio aligns with the EU Taxonomy's criteria for environmentally sustainable economic activities. This ratio is used to evaluate the sustainability performance and alignment of financial institutions with the EU's sustainable finance agenda.
What is double materiality?
Double materiality not only focuses on how sustainability matters affect the development, performance, and position of the company—also known as financial materiality—but also on the impacts of the company on sustainability matters—otherwise known as impact materiality. Conducting a comprehensive double materiality assessment ensures that the organisation's ESG reporting prioritises the most pertinent topics for both internal operations and external stakeholders, in accordance with the mandated CSRD regulation.
Why should I use advisory services to get started on CSRD/ EU Taxonomy reporting?
CSRD and EU Taxonomy frameworks are legal documents of thousands of pages and mandate companies to report on thousands of data points coming from various business sources. Complying requires appropriate planning, collaboration across departments and ESG knowledge. Our team of Sustainability and ESG Data Experts utilise their expertise to provide guidance and support in formulating an action plan, facilitating data collection, and sharing valuable insights gained from their practical experience.
How can I calculate my eligibility and alignment to the EU Taxonomy with Greenomy?
The first step is the identification of activities listed in the legislative text that fall within a company's operations, i.e. Taxonomy-eligibility. Once eligible activities have been identified, they can proceed to the alignment analysis by following the three main steps: making a substantial contribution to one of the 6 objectives, Doing No Significant Harm (DNSH) to any of the 5 other objectives and complying with minimum social safeguards. To be aligned, corporates calculate the above through the Technical Screening Criteria provided, under three financial KPIs: Turnover, Capex and Opex. Don't hesitate to reach out to us to get help in these steps.
Why should I use advisory services to get started on SFDR reporting?
The SFDR is a complex regulation that requires deep understanding of both sustainability and finance. Our team of ESG Experts have gathered the knowledge from hands-on experience to help you understand and implement SFDR requirements quickly and efficiently, while also leveraging opportunities for growth and innovation. They will also help you to keep up to date on changes in regulations and standards.
How do I get started on my CSRD reporting?
Our Sustainability and ESG Data Advisors provide expert guidance to help you get started, offering tailored recommendations and training sessions based on your unique situation. Want to take it one step further? Participate in Greenomy's CSRD accelerator programme: a comprehensive training programme of 12 weeks to help companies develop a clear CSRD action plan, ensuring compliance for years to come.
Discover our Advisory services
What data architecture is needed to use Greenomy?
Greenomy can connect any data architecture. Our 100+ connectors allow us to customise our solution to your situation, so you can source the necessary information for CSRD and EU Taxonomy reporting from any source. Greenomy is also proposing Import data contracts to facilitate data integration.
How can ESG Data Libraries help me with CSRD/ EU Taxonomy reporting?
ESG Data Libraries enable organisations to efficiently gather data from various sources, both structured and unstructured, to use for different purposes. The inherent flexibility of Data Libraries enables companies to easily navigate the dynamic sustainability landscape in a shifting regulatory environment. Leverage Greenomy's ESG data model to build a customised ESG Data Library, enabling seamless integration with your BI tools for strategic ESG analytics and streamlining your CSRD/ EU Taxonomy reporting.
How can AI help in ESG reporting?
AI streamlines crucial tasks in your ESG reporting. It effortlessly gathers data upon document upload, eliminating manual efforts. Your AI advisor addresses legal and ESG queries, bypassing costly consultations. This efficiency grants you more time to enhance sustainability. Additionally, Artemis analyses industry benchmarks, tailoring suggestions. In sum, Artemis catalyses your green transition.
What sets Artemis apart?
Artemis is the ultimate cornerstone of our end-to-end ESG solution specifically designed to seamlessly streamline CSRD/EU Taxonomy reporting for companies. Our all-in-one solution addresses every facet of the process, from comprehending the regulations to producing your final report, all while facilitating cross-departmental data collection. Greenomy offers an unparalleled state-of-the-art sustainability solution.
What can I ask Artemis?
You can ask Artemis a wide range of questions and utilize its capabilities in various ways. Artemis provides valuable insights on ESG regulations, guiding you through compliance, helps transform text to answer CSRD disclosure requirements, and even presents best peer practices to enhance your sustainability efforts.
How did Artemis acquire its knowledge?
Artemis was meticulously trained on official legal documents outlining CSRD and EU Taxonomy, complemented by premium content from our team of Sustainability Experts. Additionally, it was trained on 1,000+ reports to acquire first-hand market data. The quality of its responses has been carefully refined by our team of ESG and Regulatory Experts to ensure high accuracy levels.
Are there prerequisites for the courses?
Our courses are open to all professionals, regardless of their current level of familiarity with ESG reporting concepts. Each training begins by quickly revisiting the basics before delving deeper into the concepts, ensuring that participants of all backgrounds can benefit from the content. This approach allows for a comprehensive understanding and a solid foundation in the subject matter.
What materials are used in the courses?
Our courses primarily utilise video formats, supplemented by a diverse range of content types. Participants will have access to relevant materials including articles, research papers, curated web links, and knowledge checkpoints to confirm comprehension.
How long are the courses?
Our courses are thoughtfully designed to be comprehensive and user-friendly. On average, each course takes approximately 2 to 4 hours to complete, but the duration may vary based on individual learning pace.
What is Greenomy?
Greenomy is an AI-powered ESG reporting platform helping corporates to measure, disclose, and enhance their sustainability performance in line with EU sustainable finance regulations, including the CSRD and EU Taxonomy. By facilitating collaboration and redirecting funds towards sustainable initiatives, Greenomy supports the transition towards a more sustainable economy aligned with the EU Green Deal.
Which sustainable finance requirements does Greenomy cover?
The Greenomy solution tackles the requirements outlined in the Corporate Sustainability Reporting Directive (CSRD) by seamlessly digitising the 12 European SustainabilityReporting Standards (ESRS) including over 1.200 data points, and aligns with the EU Taxonomy framework. Recognising the limited resources of smaller organisations, Greenomy extends its offerings to include a tailored solution for SMEs, known as the Voluntary ESRS for non-listed SMEs (VSME ESRS), and a simplified version of CSRD reporting included in our Impact Scoring Platform (ISP), providing a user-friendly alternative for comprehensive sustainability reporting.
How can I get started with my ESG reporting as a corporate?
Greenomy provides expert guidance to help you get started on your ESG reporting journey. Our Sustainability Experts offer tailored recommendations on the CSRD, EU Taxonomy, and related regulations, based on your unique situation. Our team can guide you through the entire reporting process, from data collection to submitting the final report, ensuring that you are aligned with the latest sustainability standards and regulations.
Discover our Advisory services
What are the reporting requirements under CSRD?
The CSRD mandates companies under certain conditions to report in compliance with the 12 European Sustainability Reporting Standards (ESRS), which include over 1,200 data points. Companies will have to apply the new rules for the first time in 2025 based on the financial year 2024 data. It is then crucial to start performing a data gap assessment, setting up data collection processes, and implementing a plan of action as of 2024.
Learn more in our quick CSRD e-guide
How can I get started with my ESG reporting as a corporate?
Greenomy provides expert guidance to help you get started on your ESG reporting journey. Our Sustainability Experts offer tailored recommendations on the CSRD, EU Taxonomy, and related regulations, based on your unique situation. Our team can guide you through the entire reporting process, from data collection to submitting the final report, ensuring that you are aligned with the latest sustainability standards and regulations.
Discover our Advisory services
What is the EU Taxonomy?
The EU Taxonomy is a regulatory framework that determines whether an economic activity is environmentally sustainable. Its aim is to establish a common language used across sectors, standardizing the meaning of sustainable activity. The framework is a core part of the EU’s Action Plan for Sustainable Finance, which seeks to shift capital flows towards sustainability by enhancing transparency and accountability for environmental performance and sustainable investments.
Discover more in our e-book
What are the reporting requirements under CSRD?
The CSRD mandates companies under certain conditions to report in compliance with the 12 European Sustainability Reporting Standards (ESRS), which include over 1,200 data points. Companies will have to apply the new rules for the first time in 2025 based on the financial year 2024 data. It is then crucial to start performing a data gap assessment, setting up data collection processes, and implementing a plan of action as of 2023.
Learn more in our quick CSRD e-guide
What is double materiality?
Double materiality not only focuses on how sustainability matters affect the development, performance, and position of the company—also known as financial materiality—but also on the impacts of the company on sustainability matters—otherwise known as impact materiality. Conducting a comprehensive double materiality assessment ensures that the organisation's ESG reporting prioritises the most pertinent topics for both internal operations and external stakeholders, in accordance with the mandated CSRD regulation.
What are the reporting requirements under CSRD?
The CSRD mandates companies under certain conditions to report in compliance with the 12 European Sustainability Reporting Standards (ESRS), which include over 1,200 data points. Companies will have to apply the new rules for the first time in 2025 based on the financial year 2024 data. It is then crucial to start performing a data gap assessment, setting up data collection processes, and implementing a plan of action as of 2023.
Learn more in our quick CSRD e-guide
How can I get started with my ESG reporting as a corporate?
Double materiality not only focuses on how sustainability matters affect the development, performance, and position of the company—also known as financial materiality—but also on the impacts of the company on sustainability matters—otherwise known as impact materiality. Conducting a comprehensive double materiality assessment ensures that the organisation's ESG reporting prioritises the most pertinent topics for both internal operations and external stakeholders, in accordance with the mandated CSRD regulation.
Why should I use advisory services to get started on CSRD/ EU Taxonomy reporting?
CSRD and EU Taxonomy frameworks are legal documents of thousands of pages and mandate companies to report on thousands of data points coming from various business sources. Complying requires appropriate planning, collaboration across departments and ESG knowledge. Our team of Sustainability and ESG Data Experts utilise their expertise to provide guidance and support in formulating an action plan, facilitating data collection, and sharing valuable insights gained from their practical experience.
How can AI help in ESG reporting?
AI streamlines crucial tasks in your ESG reporting. It effortlessly gathers data upon document upload, eliminating manual efforts. Your AI advisor addresses legal and ESG queries, bypassing costly consultations. This efficiency grants you more time to enhance sustainability. Additionally, Artemis analyses industry benchmarks, tailoring suggestions. In sum, Artemis catalyses your green transition.
What sets Greenomy' AI apart?
Greenomy's AI Sustainability Advisor, Artemis, is the cornerstone of our end-to-end ESG solution specifically designed to seamlessly streamline CSRD/EU Taxonomy reporting for companies. This enables our all-in-one solution to address every facet of the process, from understanding the regulations to producing your final report, all while facilitating cross-departmental collaboration.
What can I ask Artemis?
You can ask Artemis a wide range of questions and utilize its capabilities in various ways. Artemis provides valuable insights on ESG regulations, guiding you through compliance, helps transform text to answer CSRD disclosure requirements, and even presents best peer practices to enhance your sustainability efforts.
How did Artemis acquire its knowledge?
Artemis was meticulously trained on official legal documents outlining CSRD and EU Taxonomy, complemented by premium content from our team of Sustainability Experts. Additionally, it was trained on 1,000+ reports to acquire first-hand market data. The quality of its responses has been carefully refined by our team of ESG and Regulatory Experts to ensure high accuracy.
Are there prerequisites for the courses?
Our courses are open to all professionals, regardless of their current level of familiarity with ESG reporting. Each training begins by quickly revisiting the basics before delving deeper into the concepts, ensuring that participants of all backgrounds can benefit from the content. This approach allows for a comprehensive understanding and a solid foundation in the subject.
What materials are used in the courses?
Our courses primarily utilise video formats, supplemented by a diverse range of content types. Participants will have access to relevant materials including articles, research papers, curated web links, and knowledge checkpoints to confirm comprehension.
How long are the courses?
Our courses are thoughtfully designed to be comprehensive and user-friendly. On average, each course takes approximately 2 to 4 hours to complete, but the duration may vary based on individual learning pace.
Are there prerequisites for the courses?
Our courses are open to all professionals, regardless of their current level of familiarity with ESG reporting concepts. Each training begins by quickly revisiting the basics before delving deeper into the concepts, ensuring that participants of all backgrounds can benefit from the content. This approach allows for a comprehensive understanding and a solid foundation in the subject matter.
What materials are used in the courses?
Our courses primarily utilise video formats, supplemented by a diverse range of content types. Participants will have access to relevant materials including articles, research papers, curated web links, and knowledge checkpoints to confirm comprehension.
How long are the courses?
Our courses are thoughtfully designed to be comprehensive and user-friendly. On average, each course takes approximately 2 to 4 hours to complete, but the duration may vary based on individual learning pace.
What is Greenomy?
Greenomy is an AI-powered ESG reporting platform helping corporates to measure, disclose, and enhance their sustainability performance in line with EU sustainable finance regulations, including the CSRD and EU Taxonomy. By facilitating collaboration and redirecting funds towards sustainable initiatives, Greenomy supports the transition towards a more sustainable economy aligned with the EU Green Deal.
Which sustainable finance requirements does Greenomy cover?
The Greenomy solution tackles the requirements outlined in the Corporate Sustainability Reporting Directive (CSRD) by seamlessly digitising the 12 Environmental and Social Reporting Standards (ESRS) including hundreds of data points, and aligns with the EU Taxonomy framework. Recognising the limited resources of smaller organisations, Greenomy extends its offerings to include a tailored solution for SMEs, known as the Voluntary ESRS for non-listed SMEs (VSME ESRS), and a simplified version of CSRD reporting included in our Impact Scoring Platform (ISP), providing a user-friendly alternative for comprehensive sustainability reporting.
What countries do Greenomy Solutions cover?
It is designed to assist any company subject to EU sustainability regulations, regardless of their geographical location. Greenomy is gradually integrating other non-EU Green Taxonomies & other ESG frameworks to offer stakeholders a one-stop solution for their global operations and an international user-owned ESG market infrastructure.
How does Greenomy simplify ESG reporting?
Greenomy automates the collection, analysis, and disclosure of ESG data, saving you time and money. Our interconnected portals form an ecosystem that effortlessly coordinates complex ESG data from multiple sources, ensuring compliance with the CSRD and EU Taxonomy frameworks. With our comprehensive documentation and ESG expertise, you can easily navigate the diverse requirements and streamline your reporting process.
How can I get started with my ESG reporting as a corporate?
Greenomy provides expert guidance to help you get started on your ESG reporting journey. Our Sustainability Experts offer tailored recommendations on the CSRD, EU Taxonomy, and related regulations, based on your unique situation. Our team can guide you through the entire reporting process, from data collection to submitting the final report, ensuring that you are aligned with the latest sustainability standards and regulations.
Discover our Advisory services
What are the reporting requirements under CSRD?
The CSRD mandates companies under certain conditions to report in compliance with the 12 European Sustainability Reporting Standards (ESRS), which include over 1,200 data points. Companies will have to apply the new rules for the first time in 2025 based on the financial year 2024 data. It is then crucial to start performing a data gap assessment, setting up data collection processes, and implementing a plan of action as of 2024.
Learn more in our quick CSRD e-guide
What is double materiality?
Double materiality not only focuses on how sustainability matters affect the development, performance, and position of the company—also known as financial materiality—but also on the impacts of the company on sustainability matters—otherwise known as impact materiality. Conducting a comprehensive double materiality assessment ensures that the organisation's ESG reporting prioritises the most pertinent topics for both internal operations and external stakeholders, in accordance with the mandated CSRD regulation.
How do I get started on my CSRD reporting?
Our Sustainability and ESG Data Advisors provide expert guidance to help you get started, offering tailored recommendations and training sessions based on your unique situation. Want to take it one step further? Participate in Greenomy's CSRD accelerator programme: a comprehensive training programme of 12 weeks to help companies develop a clear CSRD action plan, ensuring compliance for years to come.
Discover our Advisory services
What is the EU Taxonomy?
The EU Taxonomy is a regulatory framework that determines whether an economic activity is environmentally sustainable. Its aim is to establish a common language used across sectors, standardizing the meaning of sustainable activity. The framework is a core part of the EU’s Action Plan for Sustainable Finance, which seeks to shift capital flows towards sustainability by enhancing transparency and accountability for environmental performance and sustainable investments.
Learn more in our quick EU Taxonomy e-guide
How can I calculate my eligibility and alignment to the EU Taxonomy with Greenomy?
The first step is the identification of activities listed in the legislative text that fall within a company's operations, i.e. Taxonomy-eligibility. Once eligible activities have been identified, you can proceed to the alignment analysis by following the three main steps: making a substantial contribution to one of the 6 objectives, Doing No Significant Harm (DNSH) to any of the 5 other objectives and complying with minimum social safeguards. To be aligned, corporates calculate the above through the Technical Screening Criteria provided, under three financial KPIs: Turnover, Capex and Opex.
Don't hesitate to reach out to us to get help in these steps.
What data architecture is needed to use Greenomy?
Greenomy can connect any data architecture. Our 100+ connectors allow us to customise our solution to your situation, so you can source the necessary information for CSRD and EU Taxonomy reporting from any source. Greenomy is also proposing Import data contracts to facilitate data integration.
How can ESG Data Libraries help me with CSRD/ EU Taxonomy reporting?
ESG Data Libraries enable organisations to efficiently gather data from various sources, both structured and unstructured, to use for different purposes. The inherent flexibility of Data Libraries enables companies to easily navigate the dynamic sustainability landscape in a shifting regulatory environment. Leverage Greenomy's ESG data model to build a customised ESG Data Library, enabling seamless integration with your BI tools for strategic ESG analytics and streamlining your CSRD/ EU Taxonomy reporting.
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