EU Taxonomy Alignment Solution | Greenomy

The European Sustainability Platform

Greenomy is an award-winning regtech/data SaaS platform enabling companies and financial institutions to generate and access standardised, company level ESG data. But what is standardised about ESG?

The EU Taxonomy is the new legally binding screening standard for EU corporate non-financial reporting and sustainable finance products.

Using the EU Taxonomy as our benchmark, the Greenomy platform empowers stakeholders to create and gather granular Taxonomy aligned, standardised data for their entity and to manage regulatory disclosures.

Our digital tools process the data to help stakeholders drive sustainable business activities, management objectives and investment decisions.

Connecting all actors

Creating, certifying, sharing and analysing Taxonomy aligned data requires involvement from multiple stakeholders. Corporate data must be validated by authorised third parties. Investors and lenders need access to certified data from their underlying investees or borrowers. The network of stakeholders and dependencies can become very complex.

Our cloud based platform facilitates automated interaction and coordination between all stakeholders to ensure the Taxonomy aligned data is created, certified and disseminated quickly and efficiently.

Our methodology

Bottom up approach

Granular, Taxonomy aligned company level data is the necessary foundation for any strategy
that plans to achieve a positive social and environmental impact.
We use the following approach to achieve this:

Align raw data

• Upload company raw data and documents
• Understand how the Taxonomy applies to a company’s proprietary activities
• Automated Technical screening aligns raw data to Taxonomy

Certify and Analyse

• Obtain third party certification of Taxonomy aligned data
• Analyse Taxonomy data, identify alignment strengths and weaknesses
• Set objectives, priorities and plan for improvement
• Define sustainability KPIs to measure progress

Execute, Manage, Improve

• Regular analysis of sustainability impact against targets
• Compare sustainability KPIs to industry, benchmarks and competitors
• Revise objectives and plan to incorporate new data, including progress

Reporting & Disclosure

• Disseminate sustainability impact reporting to all stakeholders
• Complete regulatory reporting on time

Greenomy makes Taxonomy alignment of granular, company and financial product data simple, cost effective and dynamic for all stakeholders

Key challenges for ESG Data management

Access to corporate ESG Data
Validation of data
Cleaning and transforming to standardised deifinitions (e.g. EU Taxonomy)
Continuous improvements and updates as standardised definitions evolve
High cost access transformation, maintenance and storage for both corporates and investors

Processed data

ESG/Sustainable finance expertise

ESG data
analysts

Pool external data

ESG Data providers
Supply chain analysis
Specialised softwares
IoT/Sensors
Controversies screening

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Import internal data

Company reports
Company software/ESG database/ERP
Accounting
Audits/certifications
Surveys

Automated & customised reports

Sustainability/non-financial reporting

Supporting format: PDF, XBRL, CSV, XLS

Regulators
Investors
Auditors
CRO/CFO

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Transition tool

Beyond compliance, Greenomy helps organisations use the reported data
to guide them along the Taxonomy's transition path to carbon neutrality and full sustainability by 2050

Taxonomy data

Strategy

continuous improvement