EU Taxonomy at a glance

The EU “Green Deal” comprises the ambitious goal of achieving CO2 neutrality in Europe by 2050. To succeed in this, the EU Commission has defined a series of measures within the “Sustainable Finance” action plan to channel capital flows into environmentally sustainable activities. A core component is the EU Taxonomy Regulation 2020/852 (“Taxonomy Regulation”): This includes a uniform and legally binding classification system to classify economic activities as environmentally sustainable (Taxonomy-aligned) activities.

First, companies must determine which activities are considered as Taxonomy-eligible, i.e., that are described in the Commission’s delegated acts and thereby potentially contribute to at least one of the environmental objectives, depicted in the following figure. Eligible activities become Taxonomy-aligned and are thus classified as environmentally sustainable if they make a substantial contribution to at least one of the environmental objectives while at the same time not significantly harming any of the other environmental objectives and complying with Minimum Safeguards according to Regulation (EU) 2020/852.



We have identified our main economic activities as eligible. Our economic activities contribute to the
first environmental objective, “Climate change mitigation (CCM).” Under the second environmental objective “Climate change adaptation (CCA),” we do not disclose any taxonomy-eligible activities as we do not generate turnover from enabling activities and have not identified any separate CapEx (or OpEx) that contribute specifically to climate change adaptation. Thus, all CapEx and OpEx associated with our eligible activities are disclosed as eligible under CCM only. The Nordex Group has no economic activities which fall under the scope of the Environmental Delegated Act covering the further non-climate-related environmental objectives.For our core business, two of the economic activities currently listed in the Taxonomy Regulation (Annex I of Delegated Regulation (EU) 2021/2139) are relevant (Taxonomy-eligible) for the environmental objective “Climate change mitigation”:

  • Electricity generation from wind power (4.3)
  • Installation, maintenance and repair of renewable energy technologies (7.6)

In addition, we have evaluated activities outside our core business, defined as supporting activities. The following supporting activities are relevant for the objective of CCM for the Nordex Group, but do not qualify as Taxonomy-aligned:

  • Transport by motorbikes, passenger cars andlight commercial vehicles (6.5)
  • Sea and coastal freight water transport, vessels for port operations and auxiliary activities (6.10)
  • Acquisition and ownership of buildings (7.7)


Having adequate processes and procedures in place to ensure compliance with the requirements of the Minimum Safeguards, we did not identify a violation of them for any of our activities. Furthermore, our turnover-relevant activities “Electricity generation from wind power” (4.3) and “Installation, maintenance and repair of renewable energy technologies” (7.6) both meet the applicable Technical Screening criteria (Substantial Contribution and DNSH criteria) and are hence considered Taxonomy-aligned. A leased vessel for transporting wind turbine components allocated to activity “Sea and coastal freight water transport, vessels for port operations and auxiliary activities” (6.10) does not meet the Technical Screening criteria due to the lack of compliance with prescribed CO2 limits, resulting in non-alignment of the relating OpEx. Further supporting and eligible activities such as 6.5 and 7.7 were not assessed as they are not material for our business, and we face challenges to assess alignment due to a lack of data or evidence by third parties: Most of the buildings that fall under the scope of activity 7.7 are leased by the Nordex Group so that the Company is not the data owner.



In accordance with the Taxonomy Regulation, the Nordex Group discloses three key figures for the economic activities which are considered environmentally sustainable: share of revenues (turnover); operating expenses (OpEx) and capital expenditure (CapEx).

A comprehensive summary on our Taxonomy reporting can be found in our Sustainability Report 2023.


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