Masterclass on the Taxonomy Opportunity - Much more than Compliance

Who is it for?

• This masterclass is for finance, compliance, and CSR/Sustainability professionals from companies already required to report or that will be required to report. We expect that this will come to include all companies with 250 employees or more, regardless of ownership structure.
• Some familiarity with the EU Sustainable Finance Directive and Taxonomy is expected. In order to ensure that we have time to drill down into the details, the basic introduction will be a rapid summary.
• This masterclass offers an opportunity for knowledge sharing and networking with colleagues outside your organization as well as listening to presentations and Q&A sessions from leading experts in the application of this directive.
• The presentations and plenary sessions will be held in English. Group discussion will be in either English or Danish based on participants’ language preference.

Program

Moderator: Erik Thomas Johnson

1. Political Update - Andreas Brunsgaard, DI and Kristian Koktvedgaard, DI:

• What we know about the Taxonomy so far, and where the CSRD is headed based on best available info.
• The Taxonomy Opportunity - Much more than Compliance

2. Navigation: Taxonomy in Practice - Carina Ohm and Helle Bjerring, EY

• A quick run-through of the task of determining which parts of a business are ‘taxonomy eligible’ and which are ‘taxonomy aligned,’ with a twist: we will confront all of the gray zones and tricky questions. This will be a run-through with opportunities for questions, but participants should have a command of the basics before they attend.
  • Substantial contribution, do no harm, minimum safeguards: difficult examples and how we answered them
  • Joint ownership and operations, investments and portfolios: difficult examples and how we answered them
  • KPIs: difficult examples and how we answered them
  • How to make CapEx and OpEx calculations: difficult examples and how we answered them
  • Consolidation principles: difficult examples and how we answered them
  • Compliance and activities: examples of how it can be measured
  • What we know – and what we don’t. Areas where accounting firms and advisors are still in doubt.

3. Data structure -  Marie Voldby, Oscar Marin and Carsten Brøns Andersen, Deloitte

• EU Taxonomy and the CSRD – a suggested framework for execution
• Capturing and operationalising EU Taxonomy data –  ‘Three tiers of complexity’  
• Performance Management and Governance – What does it require to succeed long-term?

4. Scoping to improving - roles & responsibilities across the full alignment cycle -  Patrick Moloney, Rambøll

• Roles and responsibilities
• Role of Finance Dept
  • Role of the audit committee – what do they need to know?
  • Role of Top management
  • Role of CSR Departments
  • Role of Business Units
• Example of a best case company and how they rolled it out and created value along the way.

You will also meet companies that already have come far with the work. The format will also allow for group discussions and questions in plenum and small groups.