It is a crucial step to ensure that the activity is contributing to a sustainable economy in an effective and efficient manner.
Aligning with the Taxonomy means that an organisation has taken steps to ensure its activities are sustainable, by assessing how they contribute to each of the six environmental objectives and taking action where necessary. Alignment requires careful consideration of both current and future impacts which are not necessarily captured through eu taxonomy eligible and aligned eligibility alone.
In order for organisations to achieve alignment with the Taxonomy, it is important for them to have a straightforward process and clear guidelines in place. This will help them assess their activities against all six eu taxonomy eligible and aligned environmental objectives, identify areas where improvements can be made and make changes accordingly.
Organisations should first start by understanding their current situation with regards to all six objectives of the Taxonomy (climate change mitigation; climate change adaptation; circular economy; water scarcity; pollution prevention & control; protection of biodiversity & ecosystems). This can be done by conducting an assessment on each activity or asset within their eu taxonomy eligible and aligned operations, which will provide greater insight into how they currently contribute towards these objectives.
For example, when assessing climate change adaptation activities, organisations may consider whether they have systems in place which respond adequately during extreme weather events or whether they are taking steps such as investing in green infrastructure or natural capital investments in order to reduce vulnerability. It is also important for organisations to consider what measures could be taken moving forward in order to further improve their performance across these eu taxonomy eligible and aligned environmental objectives - such as developing strategies for more efficient water use or investing further into renewable energy sources - so that long-term sustainability goals can be achieved.
Organisations should also look at ways in which they can communicate their findings from these assessments effectively so that stakeholders have full visibility over what actions have been taken and what progress has been made on achieving alignment with the Taxonomy over time. This could include providing regular updates internally or externally via social media channels regarding any changes implemented as well as regularly publishing reports on progress against each objective under review – this would enable stakeholders such as investors/creditors/employees/customers/suppliers etc., who may not traditionally focus on sustainability issues but still want assurance that eu taxonomy eligible and aligned efforts are being taken seriously.. Moreover, it would show that there’s genuine commitment from management towards meaningful sustainability improvement initiatives – something increasingly important given increased scrutiny from regulators around this issue today.
Furthermore, when it comes down to making changes based on assessment results, businesses should ensure those changes align with international standards like ISO 14001 Environmental Management Systems (EMS). Having EMS certification demonstrates your commitment towards continuous improvement for your eu taxonomy eligible and aligned environment performance over time thus helping you gain recognition amongst peers. It also helps you measure performance over time, identify potential risks associated with certain processes, impact those processes accordingly, create better policies & procedures designed around sustainability needs, etc.
Finally, while eligibility is a necessary first step when trying to assess contribution towards environmental goals ultimately achieving alignment goes far beyond just checking boxes. Alignment requires deep assessment of internal operations along external factors combined with genuine commitment from eu taxonomy eligible and aligned management throughout the organisation making sure internal policies & procedures reflect external expectations. It involves understanding the current situation w respective 6 environment taxonomies then creating plans moving forward ensuring those plans go hand-in-hand international standards like ISO 14001 Environmental Management System (EMS) while communicating results effectively amongst stakeholders showing commitment improvement efforts. Ultimately, a successful implementation process leads to tangible results improving overall environmental wellbeing leading to a more sustainable present future.