The purpose of the taxonomy is to support banks, investors and insurance companies in their decision-making and stimulate the market for sustainable investments. This includes the building and construction industry. The taxonomy will have a major impact on how the industry reports on sustainability going forward.
One consequence of the new rules is that banks and investors will deem it risky to insure, lend to or invest in property which is considered “grey” rather than “green”. In other words, there will be much stricter criteria for documenting energy and environmental performance to the banks and securing loans at more beneficial terms – so-called green loans.
Entro can help you to report in accordance with the taxonomy while preparing the necessary documentation to satisfy your bank’s lending criteria for green loans.
