Regulatory

EU Taxonomy

The EU Taxonomy is a classification system for whether an activity is sustainable by setting out clear, science-based criteria to determine which investments can be considered environmentally sustainable. It aims to put an end to greenwashing and to direct more investments into activities that are truly sustainable. It sits alongside the CSRD but does not require any separate disclosures or reporting.

How is the EU Taxonomy linked to the CSRD and VSME?

The EU Taxonomy sits alongside the Corporate Sustainability Reporting Directive (CSRD), but it does not require any separate disclosures or reporting for companies required to report under the CSRD.

It is intended to help companies identify and assess the environmental impact of their activities, whereas the CSRD sets out what information companies under its mandate need to publicly report.

What qualifies as a sustainable investment?

To qualify as a sustainable investment, the activity that you’re investing in must contribute to at least one of the following 6 objectives, without negatively impacting any of the other objectives or human rights (i.e. it “Does No Significant Harm”):

  • Climate change mitigation
  • Climate change adaptation
  • Sustainable use and protection of water and marine resources
  • Transition to a circular economy
  • Pollution prevention and control
  • Protection and restoration of biodiversity and ecosystems

What are examples of sustainable investments for LSPs, carriers, and freight forwarders?

You can see what activities fall under the EU Taxonomy by checking the EU Taxonomy Compass, but examples of sustainable investments for LSPs or carriers include:

  • Purchasing electric trucks to replace diesel trucks that have reached the end of their useful asset life
  • Installing electric vehicle charging stations at your facilities
  • Using lower-emission fuels like HVO as an interim solution
  • Implementing data-driven solutions for GHG emissions reductions

Explore other terms like

EU Taxonomy

Transport/Logistics

Reverse logistics

Reverse logistics refers to the process of moving goods backward through the supply chain e.g. from the end customer back to the seller, manufacturer, or recycler. It typically includes returns, repairs, recycling, reuse, or disposal of products and materials.

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Regulatory

VSME Standard

The VSME is a voluntary standard that aims to simplify how non-listed small and mid-sized companies not in the scope of CSRD provide sustainability data to their larger clients, supply chain partners, investors, or even financial institutions.

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Regulatory

EU Taxonomy

The EU Taxonomy is a classification system for whether an activity is sustainable by setting out clear, science-based criteria to determine which investments can be considered environmentally sustainable. It aims to put an end to greenwashing and to direct more investments into activities that are truly sustainable. It sits alongside the CSRD but does not require any separate disclosures or reporting.

Learn more

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