Developing the reporting required by the EU taxonomy : case Destia Oy
Inkerö, Aani (2024)
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024051210997
https://urn.fi/URN:NBN:fi:amk-2024051210997
Tiivistelmä
The EU taxonomy is a classification system for sustainable economic activities created by the European Union. This thesis was commissioned by Destia Oy with the objective of developing the readiness of the company for the reporting requirements of the EU taxonomy. The purpose of this study was to research and analyse the reporting requirements of the taxonomy in the context of Destia’s operating environment, ultimately identifying development needs in Destia’s reporting.
The research questions were set in cooperation with the company, and a combination of current state analysis and qualitative research was utilised in the study. Documents were the main source of data, and interviews with Destia personnel were used as a confirmation tool. Development needs were identified by comparing the reporting requirements of the taxonomy and the current state of reporting done by Destia.
The key findings of the study were the reporting format of the taxonomy disclosures and the steps necessary for Destia to fulfil the requirements. The data currently collected and reported by Destia can be utilised in aligning the sustainability reporting of the company with the new legislative requirements, but further research is required to identify data gaps. Furthermore, the criteria of the taxonomy may be useful in developing Destia's activities.
Studying the sustainability reporting requirements of the EU is very topical, as new legislation has been entering into force recently and more is upcoming. It is important for companies to systematically follow the developments and in turn develop their procedures. Sustainability reporting can also be a strategic guiding tool for business operations.
The research questions were set in cooperation with the company, and a combination of current state analysis and qualitative research was utilised in the study. Documents were the main source of data, and interviews with Destia personnel were used as a confirmation tool. Development needs were identified by comparing the reporting requirements of the taxonomy and the current state of reporting done by Destia.
The key findings of the study were the reporting format of the taxonomy disclosures and the steps necessary for Destia to fulfil the requirements. The data currently collected and reported by Destia can be utilised in aligning the sustainability reporting of the company with the new legislative requirements, but further research is required to identify data gaps. Furthermore, the criteria of the taxonomy may be useful in developing Destia's activities.
Studying the sustainability reporting requirements of the EU is very topical, as new legislation has been entering into force recently and more is upcoming. It is important for companies to systematically follow the developments and in turn develop their procedures. Sustainability reporting can also be a strategic guiding tool for business operations.