EU Taxonomy-eligible Activities

A business activity can be called an eligible economic activity if it can be associated with a taxonomy activity.

The economic activities that are eligible for screening are defined in the delegated acts specifying the Technical Screening Criteria for the environmental objectives.

The EU Taxonomy activities do have a link to the NACE code structure, or officially the “Statistical Classification of Economic Activities in the European Community.” This is the industry standard classification of economic activities in the European Union and can be used to help identify eligible activities.

To identify the business activities, the first step is to review the entire external product and service portfolio. However, not only the external core activities but also activities from all internal projects need to be analyzed. In contrast to external activities, purely internal activities in practice often include mobility (e.g., a company’s vehicle fleet) and real estate (e.g., investments in non-production buildings).