Interpretation of the EU Taxonomy

The EU Taxonomy is a tool designed to define the sustainability of investments and is intended to help steer the European economy toward climate neutrality.

However, a complication is that the technical screening criteria of the EU Taxonomy are often formulated in very broad and general terms. This allows for varying interpretations of assessment and impact severity, especially in areas such as building design or acquisition. To address this, the Czech Green Building Council (CZGBC), through its ESG/Taxonomy working group led by Petr Vogel, has developed a key document titled Common Interpretation of the EU Taxonomy Technical Screening Criteria, which standardizes the methodology for project evaluation. This document is intended for a wide range of stakeholders, including developers, architects, investors, banks, and auditors. Contributors to the document include representatives from the financial sector, developers, construction suppliers, and specialists. Currently, discussions are underway with all involved parties to adopt this document as a generally accepted project evaluation methodology. Nearly 60 organizations have already expressed their support for this interpretation.