6.5 EU Taxonomy Calculation Methodology
Chapter 6
The main part of the Group’s activities has been analysed on a project-by-project basis. For some parts of the business, including sale of materials, activities have been analysed on an item-by-item basis.
Each project or item has been analysed in relation to the activity definitions in the Taxonomy to conclude whether the activity or item is eligible. If the activity is eligible, a further investigation of the technical screening criteria and the do no significant harm criteria has been made. If the activity complies with all these criteria in addition to minimum social safeguards requirements, it is considered to make a substantial contribution to climate change mitigation and is hence being classified as Taxonomy- aligned.
The KPI related to eligible revenue has been calculated as the sum of all external revenue related to Taxonomy-eligible activities divided by the Group’s total revenue. Aligned revenue has been calculated as the sum of all external revenue related to Taxonomy-aligned activities divided by the Group’s total revenue.
The KPI related to eligible OpEx has been calculated as the sum of all OpEx related to Taxonomy-eligible activities divided by the Group’s total OpEx. Aligned OpEx has been calculated as the sum of all OpEx related to Taxonomy- aligned activities divided by the Group’s total OpEx. Based on the EU requirements, the Group has defined OpEx as operational expenses including depreciation and excluding overhead expenses.
The KPI related to eligible CapEx has been calculated as the sum of all Taxonomy-eligible CapEx divided by the Group’s total CapEx, while the KPI related to aligned CapEx has been calculated as the sum of all Taxonomy-aligned CapEx divided by the Group’s total CapEx. The Group has defined total CapEx as the sum of new additions to the fixed assets register and new additions to the right-of-use assets.
Taxonomy-eligible CapEx are measured as either CapEx defined directly in the Taxonomy or alternatively CapEx used in Taxonomy-eligible activities. Taxonomy-aligned CapEx are measured as either CapEx directly defined as aligned in the Taxonomy or alternatively CapEx used in Taxonomy-aligned activities.
