The ÖGNI announces that from now on, EU taxonomy verifications will be issued even if a project is only partially taxonomy compliant.
The background to this decision is the ongoing development of regulatory requirements at EU level: As part of the so-called Omnibus Initiative, the current proposal of the EU Commission provides that companies will in future also be allowed to disclose partially compliant activities in their reporting.

Although this is currently still a proposal at the EU level, the ÖGNI is already taking this step to accommodate market participants in reporting on compliance with the technical requirements of the EU Taxonomy. This ÖGNI measure is aimed primarily at SMEs and private individuals who require the necessary transparency of the EU Taxonomy Regulation when obtaining financing.

With the new ÖGNI practice, projects receive EU Taxonomy verification, regardless of whether full or partial compliance has been achieved. This provides clarity about which criteria have already been met and where there is still potential for further development.

Such a structured and comprehensible assessment is a great advantage, especially for SMEs seeking financing for, for example, renovation measures: The ÖGNI's EU Taxonomy verification can be presented directly to banks and investors - and serves as a guide for them in assessing the sustainability of a project.

"By issuing EU Taxonomy verifications for partial compliance, we offer support for renovation projects planned over several years – especially for smaller market participants," says Peter Engert, Managing Director of ÖGNI. "We want to actively promote the implementation of the EU Taxonomy in the real estate industry – not only in compliance with the rules, but also in a practical way and with real benefits for market participants."