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Legal | Zoom on the European Green Taxonomy and how it impacts your supply chain

Updated: Sep 12, 2023

The European Green Taxonomy and how it impacts your supply chains

The first part of the European Green Taxonomy "EU taxonomy for sustainable activities" is in application since 2022.

๐Ÿง ๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐—ถ๐˜? The Green Taxonomy promotes the transition to "net zero" by standardizing the way companies communicate on their environmental impact, especially to their investors. The idea: to prevent greenwashing and orientate investments towards compliant and sustainable companies.

๐Ÿ“… ๐—ช๐—ต๐—ฒ๐—ป? 2 qualitative and quantitative criteria are in application since January 2022: efforts to mitigate climate change and adaptability to these issues. Four others will follow in January 2023: sustainable use of water, transition to a circular economy, pollution control and prevention, and biodiversity protection.

๐ŸŒฟ ๐—š๐—ฟ๐—ฒ๐—ฒ๐—ป๐˜„๐—ฎ๐˜€๐—ต๐—ถ๐—ป๐—ด ๐˜ƒ๐˜€. ๐˜€๐˜‚๐˜€๐˜๐—ฎ๐—ถ๐—ป๐—ฎ๐—ฏ๐—น๐—ฒ ๐˜€๐˜‚๐—ฝ๐—ฝ๐—น๐˜† ๐—ฐ๐—ต๐—ฎ๐—ถ๐—ป - The supply chain is a key factor of impact: art.8 of the law commits to more traceability and more accountability of actors in relation to their CSR (Corporate Social Responsibility) statements. End-to-end traceability is one of the main keys to building a responsible supply system.

๐ŸŽฏ ๐—ง๐—ต๐—ฒ ๐—ด๐—ผ๐—ผ๐—ฑ ๐—ป๐—ฒ๐˜„๐˜€? New technologies exist today that facilitate the implementation of end-to-end traceability/visibility to achieve CSR objectives, by allowing the actors of a supply chain to exchange data between them in a simple, secure and transparent way, to link this information together for each product, each batch, and to restore it as required by regulations and authorities to demonstrate compliance

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