Taxonomy Classification
EU Taxonomy Software
Check your bank portfolio for EU taxonomy compliance with the PwC taxonomy tool in a simple and efficient way
The regulatory requirements for financial and credit institutions are constantly growing. Since the beginning of 2022, banks have been required to report on the taxonomy compliance of their portfolio. From 01/01/2024, the reporting obligation on taxonomy compliance will follow.
Benefits
Cost savings
The Fast Track solutions of Taxonomy Classification minimise the data entry effort in the loan origination process, simplify and shorten the review process and thus reduce the burden on your resources.
Legal and audit-proof
Our taxonomy tool is characterised by continuous further development and adaptation to current regulatory requirements.
Time savings
PwC's Taxonomy Classification translates complex regulatory requirements simply into specially developed checklists.
Align yourself with regulatory requirements – with the EU taxonomy software from PwC
The tool-based taxonomy compliance solution allows you to capture all relevant data in a complete and simple way right from the start.
Using a structured checklist from Taxonomy Classification, you can check whether the economic activities that you finance contribute to climate protection or affect the achievement of other EU environmental targets.
01Checklist procedure
Using a structured checklist from Taxonomy Classification, you can check whether the economic activities that you finance contribute to climate protection or affect the achievement of other EU environmental targets.
In the Spotlight
Comprehensive ESG expertise from PwC
Pricing
License fee
- Use of the taxonomy tool independent of the number of users
- User manual (based on tooltip function)
- First level support for technical questions (email support)
from € 2,500
monthly
Maintenance Fee
- Maintenance and further development of the tool along regulatory requirements
- Adaptations for the environmental objectives 1 to 6 according to the EU Taxonomy Regulation
- Update of the user interface and associated database (incl. user manual)
from € 2,500
monthly
FAQ
What is a Fast Track?
By using modern technology such as our Taxonomy Classification software, it is possible to automate a reduction in manual document review on the system side. Corresponding documents are read out via OCR, which means that the taxonomy alignment check can be automated, simplified and shortened in time.
How can I integrate the tool into my system landscape?
Taxonomy Classification is suitable for full integration into the inventory systems and the connection to reporting as well as a stand-alone solution with manual interfaces.
How is the data on physical climate risks connected?
Our tool offers the possibility to connect to external data providers. Taxonomy Classification provides empty data fields for this purpose, which are aligned with the respective requirements of the data on physical risks.
How are the taxonomy KPIs linked?
Similar to the physical climate risks, the taxonomy KPIs are also linked. Our EU taxonomy reporting software provides empty data fields that are aligned with the respective requirements of the taxonomy data. This makes it possible to integrate your external data providers for taxonomy KPIsinto PwC’staxonomy tool.
How did PwC develop the checklists included in the taxonomy tool?
The checklists are compiled by PwC experts based on the regulatory requirements of the taxonomy. In multiple review phases, our experts reduced the complex documents and annexes to essential test and action instructions in order to ensure stringent processing of the conformity test.