FAQ FOR CLIENTS
How can clients benefit from the support of VIRIDAD?
VIRIDAD helps you in various field of assessing Taxonomy eligibility. We do so by offering quick analysis and to also find top-notch consultants for your sustainable finance due diligence assessment in accordance with taxonomy.
What is Taxonomy?
It is a regulatory initiative at European level to establish a classification of environmentally sustainable economic activities with technical screening criteria.
How can clients benefit from applying Taxonomy?
Provide clarity for investors, issuers, policymakers and regulators. Investors can use it to express their expectations for their investment decisions. Companies and project developers can use it to plan and raise finance, developing the pipeline of sustainable investment opportunities. All 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 reference 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 in 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 sustainability objectives.
Which costs occur when using VIRIDAD?
The registration and project request are completely free for clients. Depending on your taxonomy needs, we have a broad offering of our services. Please download our pricing schedule for more information here 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 are the fastest way of getting a qualified assessment of your undertaking. After receiving a sufficient level of information and documentation a Taxonomy Quick-Check will be performed within 3 working days.
For our Sustainable Finance Due Diligence Assessments, VIRIDAD is capable of finding consultants for your project within a very short-term aiming to provide you offers within 48 hours. Ten working days between the acceptance of one of the submitted offers and the start of the project including the project briefing would be ideal. We are, however, ready to take care for your special requirements, if you let us know about them.
Which contracts need to be signed before the project starts?
This depends on the service you chose.
Subscriptions for the Taxonomy Metrics and Thresholds Viewer are managed by VIRIDAD and implemented by OMNIA GmbH.
Our Taxonomy Quick-Check is provided by the VIRIDAD and implemented by OMNIA GmbH at a standardized price based on a standard contract.
For the most comprehensive form of assessments, our Sustainable Finance Due Diligence Assessment, VIRIDAD is only acting as an intermediary between the client and the pre-qualified expert. No contractual relationship between the clients and the ESFP is required.
Regulatory Advice is provided by VIRIDAD and implemented by OMNIA GmbH based on an individual quote.