FAQ FOR CLIENTS
How can clients benefit from the support of VIRIDAD?
VIRIDAD helps clients in various fields assess the Taxonomy eligibility of their projects, operations, or investments. We do so by offering a one-stop shop digital platform and can match you with top-notch consultants who can perform a comprehensive Taxonomy verification in accordance with the EU Taxonomy.
What is Taxonomy?
It is an EU-wide regulatory initiative to establish a classification of environmentally sustainable economic activities with technical screening criteria.
How can clients benefit from applying Taxonomy?
The EU Taxonomy provides the following benefits to investors:
Clarity for investors, issuers, policymakers and regulators. Investors can use it to express their expectations for investment decisions. Companies and project developers can use it to plan and raise financing for their projects, developing the pipeline of sustainable investment opportunities. All stakeholders can use it to avoid unintended green-washing.
Save time and money for investors and issuers. The criteria have been developed by environmental and industry experts and reflect the latest EU and international thinking. This allows investors to focus on what they do best - understanding the risk and return of an investment.
Support different investment styles and strategies. Investors marketing environmentally sustainable funds can invest in Taxonomy-eligible activities; engage companies on how they are progressing towards Taxonomy thresholds; or provide their own explanation for how they will achieve the fund’s goals. Investing in Taxonomy-eligible activities is not mandatory.
Put environmental data into context. Investors need to understand which companies are contributing to the low-carbon transition and which are building resilience to climate change, not just carbon footprints.
Avoid reputational risks. By screening out economic activities that undermine broader environmental, climate and social objectives, investors can avoid reputational risk and ensure that their strategy is robust.
Deepen the conversation. By focusing on economic activities, the Taxonomy provides a tool to understand company business models. Some business lines may be delivering on sustainability objectives, while others may not. This allows a sophisticated discussion around strategy and consistency with regard to sustainability objectives.
What does it cost to use VIRIDAD?
The registration and project request are completely free. Depending on your Taxonomy needs, we have a broad offering of services. Contact us for more information or submit a request directly here.
How long does it take before a project can start?
This depends on the comprehensiveness of the assessment required. Our Taxonomy Quick-Check is the fastest way of getting a qualified assessment of your project. After receiving a sufficient level of information and documentation, a Taxonomy Quick-Check is performed within 3 working days.
For our Comprehensive Taxonomy Verification, VIRIDAD is capable of finding consultants for your project quickly, aiming to provide you offers within 48 hours. We then generally require ten working days between your acceptance of an offer and the start of the project, (including the project briefing). However, we are able to accommodate special requirements upon request.