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Join our presentation of the world’s first comprehensive digital solution for the EU Taxonomy!

Join our presentation of the world’s first comprehensive digital solution for the EU Taxonomy!

Do you need help with EU Taxonomy classification and reporting? Join our presentation of the world’s first comprehensive digital solution for the EU Taxonomy!

Register here

Join us for a free 30 min presentation and we will show how the new section in our digital solution, Ecobio Manager, will help you to turn the complex set of EU Taxonomy requirements into a smooth and straightforward work process for your team.

With the requirements for the EU Taxonomy soon coming into effect, it is beneficial to have an innovative, efficient, and in-depth solution at hand, to get the process toward compliance started.

Join our presentation to learn:

  • How you can benefit from digitalization during classification and reporting
  • How our easy-to-use and comprehensive digital solution works
  • How to create a smooth and straightforward work process for your taxonomy team

During the event, you are also able to ask questions from our experts. Please register using your business email address.

The free online presentations are held on 26.10 (13.00-13.30, UTC+3), 16.11 (9.30-10.00, UTC+2) and 7.12 (13.00-13.30, UTC+2).

You are warmly welcome!

Read more and register here.

Are you unsure whether you are in or out of the EU Taxonomy classification and reporting requirements?

Take our EU taxonomy quiz and determine whether your company is affected by the EU Taxonomy regulation. Take the quiz here.

Our recorded webinars can be found on our homepage

In our webinar library, you can find our recorded webinars that you can watch whenever you find most suitable for you! You can find our webinar library here.

Ecobio launched the world’s first comprehensive digital solution to comply with the EU Taxonomy Regulation

Ecobio launched the world's first comprehensive digital solution to comply with the EU Taxonomy Regulation
The Ecobio team at the launch event 29.9. From left: Taru Halla, Emma Björkqvist, Katrine Hoset, Sanna Perkiö & Evelina Meski

The EU environmental classification legislation for sustainable finance, in short, EU Taxonomy Regulation, is a large-scale, regulatory-based framework that requires companies to define environmentally sustainable economic activities. The regulation is an EU tool to steer the economy towards sustainable development. Companies will have to meet the requirements gradually from the beginning of 2022.

The EU Taxonomy Regulation obliges large, listed companies and companies operating in the financial markets to classify, assess and disclose their economic activities in accordance with sustainable development criteria. In the future, the Taxonomy Regulation will apply to a broader range of business entities.

Companies are now preparing to comply with the requirements of the EU Taxonomy Regulation. To date, little assistance has been available for companies to assess the conformity of a large-scale classification system and to report data.

Ecobio Manager aims to solve the EU Taxonomy challenge of over ten thousand companies

Today, Wednesday, September 29, 2021, Ecobio announced the world’s first comprehensive and easy-to-use digital solution to meet the requirements of the EU Taxonomy Regulation. The solution is implemented as part of the Ecobio Manager SaaS service. Ecobio Manager is an environmental compliance tool for business operations, products, and subcontractors as a cloud service.

– Ecobio Manager is the world’s first comprehensive taxonomy solution including a smooth classification process and up-to-date legal databases, as well as an environmental risk assessment protocol. So far, there has been no service with similar coverage in the global market, said Sanna Perkiö, D.Sc., founder, and the Head of Development of Ecobio.

The EU Commission has created a complex system, which may result in companies getting lost in the requirement jungle without expert help and a systematic way of working.

– We offer over ten thousand companies in the EU an easy and competent digital solution to meet the requirements of EU Taxonomy. Feedback from listed companies and the financial industry has been both enthusiastic and relieved.

From the beginning, companies should take advantage of the efficiency offered by digitalization, Perkiö suggested.

– The first requirements of the taxonomy must be reported as early as next spring. We expect wide interest and customers from all over Europe.

Read more about our digital solution for EU taxonomy here.

You can find all of our recorded webinars from our webinar library here.

Biocides in the European Union

Biocides in the European Union

Download our comprehensive whitepaper about biocides in the European Union here!

It might not always be so obvious, but biocides belong closely to our everyday lives. They are products we use regularly, for example disinfectants, preservatives, insecticides, rodenticides, or repellents which kill, deactivate, render harmless or prevent the action of harmful organisms. Right now, the Covid-19 pandemic is still bothering the mankind making the biocides even more important to us than ever before – each one of us has used hand sanitisers and other disinfectants during this time.

Biocides are important products, and we need them in our lives in various occasions. Biocides are regulated in the European Union (EU) by Regulation (EU) No 528/2012 on Concerning the Making Available on the Market and Use of Biocidal Products, often called simply Biocidal Products Regulation (BPR). The EU BPR regulation requires many elements and aspects to consider and fulfill in order for the biocidal products to be complaint with the EU-legislation and allowed to be sold and used on the EU-markets. In addition, different national regulatory practices apply making the fulfillment of all the requirements even more time consuming and tedious.

Reach and maintain compliance with the EU Biocide Product Regulation

Our whitepaper gives an overview of the European Union Biocide Product Regulation (BPR), the regulatory approval process of the biocidal active substances, and particularly of the authorisation process of the biocidal products in the European Union (EU).

Do you want to know what the European Union Biocide Product Regulation (BPR) is? Are you curious about how the regulatory approval process of the biocidal active substances work and how the authorisation process of the biocidal products in the European Union work? These are just some of the questions our whitepaper answers as well as presenting how to run your biocide business smoothly.

Download our whitepaper here.

Ecobio helps you make your biocide business run smoothly

Ecobio can provide you with valuable information on biocides as our consultants have a high knowledge of the BPR legislation and the regulatory practices of the biocides both at the national and the EU levels. We can guide you through the entire biocide authorisation process and assist you to make your biocide business to run smoothly. We are at your disposal and wait for you to tell us more about your biocidal products or biocidal active substances, your circumstances, and needs.

Read more about our services regarding biocides here.

Get in touch with us! We are very pleased to help you.

Ecobio Oy asiantuntija Anne KallioinenAnne Kallioinen

Senior Consultant

anne.kallioinen@ecobio.fi

Tel.: +358 20 756 2303

 


Picture: Shutterstock

Eight new hazardous chemicals added to the SVHC Candidate List

Eight new hazardous chemicals added to the SVHC Candidate List

ECHA has added eight new entries to the Candidate List of substances of very high concern on 8 July 2021. Substances of Very High Concern (SVHC) may have serious and often irreversible effects on human health and the environment. There are currently 219 substances on the SVHC Candidate List.

Newly added substances are used in consumer products such as cosmetics, scented articles, rubber, textiles, solvents, flame retardants or to manufacture plastic products. Most of the substance have been added to the list due to their hazardous properties to human health.

Hazardous chemicals added to the Candidate List

Hazardous chemicals added to the Candidate List

Obligations related to SVHC

Companies have legal obligations if a substance included in the Candidate List is present in a concentration above 0.1% w/w. Obligations include:

  • Providing Safety Data Sheets for substances on their own and substances in mixtures containing SVHCs
  • Requirement to notify ECHA under REACH if an article contains a SVHC
  • Requirement to inform customers and consumers under REACH if an article contains a SVHC to allow safe use of the article
  • Requirement to notify ECHA under the Waste Framework Directive (SCIP Database) about articles containing SVHCs

Companies that are importing, producing, selling or using substances, their mixtures or articles (components, materials) containing SVHCs should keep an eye on the substances added to the Candidate List. Substances are regularly being added to the list. It is also recommended for companies to start looking for substitutes for the added substances already. Substances on the Candidate List may also be placed on the Authorization List in the future, which means that continuing the use would need a permission.

Do you need help with chemical management?

Our experienced chemical consultants will assist you in meeting your chemical requirements. Furthermore, our Ecobio Manager SaaS-service will help you manage your chemicals and ensure compliance with global regulations. You can watch our webinar “Chemical Management and Risk Assessment Obligations” here. You can find all of our webinars here.

Interested? Contact us today!

Contact: info@ecobio.fi


Text: Mikael Hirn

Picture: Shutterstock

References:

ECHA: Candidate List updated with eight hazardous chemicals.

TUKES: Erityistä huolta aiheuttavat aineet (SVHC).

The EU’s Taxonomy and KPIs

The EU's Taxonomy and KPIs

The European Commission has published a draft version of a Delegated Act to supplement article 8 in the Taxonomy Regulation (EU) 2020/852. This supplementation specifies the content and presentation of the information concerning environmentally sustainable economic activities and specifying the methodology to comply with that disclosure obligation.

EU strives to channel capital towards sustainable investment

One of the key objectives of the European Commission’s action plan on financing sustainable growth is to reorient capital flows towards sustainable investment and ensure market transparency. To achieve this, EU Taxonomy (EU 2020/852) was created, a classification system for sustainable activities. The EU Taxonomy is a robust and science-based tool for companies and investors that provides criteria for determining which economic activities substantially contributes to the Green Deal objectives.

Common KPIs to help understand companies’ sustainability

The drafted Delegated Act further specifies the content, methodology, and presentation of the information in the Taxonomy Regulation. The Delegated Act allows companies to translate the technical screening criteria of the Climate Delegated Act (and in the future Environmental Delegated Act) into quantitative economic performance indicators, KPIs, which will be publicly disclosed. This helps investors and the public to better understand the companies’ impact towards sustainability trough the annual publication of their KPIs. This will increase transparency on the market and help prevent greenwashing.

The Taxonomy Regulation and the published Delegated act complement the NFRD (Non-Financial Reporting-Directive) and SFDR (Sustainable Finance Disclosure Regulation) by providing a common reference point for reporting the degree of alignment with sustainable activities.

Market fields receive separate instructions for reporting

The Taxonomy-related disclosures will create an entire ecosystem of sustainable finance tools, including standards, labels, and access to a coherent and relevant set of sustainability data. These on the other hand are necessary to channel capital towards the investments needed to reach the EU’s sustainability goals.

The Delegated Act includes separate instructions for different market fields regarding sustainable reporting with KPIs. These fields are non-financial undertakings, asset managers, credit institutions, investment firms, and insurance and reinsurance undertakings.

The drafted delegated act was open for feedback until 2 June. A lot of the feedback highlights the need to simplify and clarify the KPIs that should be reported, inconsistencies between reporting deadlines and availability of data, and a potential need for a longer transition period before reporting starts. Commentaries have also commented on the need to better align the reporting scope and application timelines in this delegated act with the CSRD (Corporate Sustainability Reporting Directive, the proposed amendment of the NFRD).

The challenge of reaching compliance with the Taxonomy Regulation

Many of the respondents that commented on the Commission’s publishment mentioned the challenge of collecting Taxonomy compliance data within companies and assigning this data to specific business lines. Ecobio’s sustainability experts familiar with the Taxonomy requirements and experts in EHS requirements will help your company meet the expectations of the Taxonomy Regulation. Ecobio’s sustainable finance services helps you to identify your sustainable economic activities and report your alignment with the Taxonomy. Read more about our services regarding Sustainable Finance here!

With our Ecobio Manager legislation compliance tool, companies can assess compliance with the do-no-significant-harm requirements and minimum safeguards as well as follow up on relevant legislation development. Read more about Ecobio Manager here!

Do you want to hear more? Kindly contact us:

Katrine Hoset

Katrine Hoset

Account Manager, Senior Consultant

katrine.hoset@ecobio.fi

+358 (0)20 756 2306

Five steps to comply with the Taxonomy Regulation – Whitepaper

Our comprehensive and concise free whitepaper helps your company reach and maintain compliance with EU’s Taxonomy Regulation in a constantly moving situation.

Do you want to know what the EU’s Taxonomy Regulation implicates and who are affected by it? Are you curious about the current timeline and what requirements apply to your company? These are just some of the questions our whitepaper answers as well as presenting the five steps to meet the requirements!

You can download our whitepaper here!


Text: Emma Björkqvist

Picture: Shutterstock

Five Steps to Comply with the Taxonomy Regulation

Five Steps to Comply with the Taxonomy Regulation

DOWNLOAD OUR COMPREHENSIVE AND CONCISE WHITEPAPER TO LEARN THE FIVE STEPS NEEDED TO COMPLY WITH EU’S TAXONOMY REGULATION HERE!

Through the European Green Deal, EU aims to improve the well-being and health of citizens, make Europe climate-neutral by 2050, and protect, conserve, and enhance EU’s natural capital and biodiversity. Reaching these goals require a financial system that is more sustainable than it is today as EU aims to channel private investment into the transition to a climate neutral, climate resilient, resource-efficient, and fair economy. The EU’s Sustainable Finance package is one of the instruments of the EU Commission for delivering the policy objectives defined under the European Green Deal, and for delivering on EU’s international commitments on climate and sustainability.

To accommodate the need for a more sustainable finance sector, EU released the EU Taxonomy Regulation on the 12th of July 2020. The EU Taxonomy Regulation and EU’s Sustainable Finance Strategy was strengthened with the release of the Sustainable Finance Package on the 21st of April 2021. The package included, among others, the release of the EU Taxonomy Climate Delegated Act and a proposal for a Corporate Sustainability Reporting Directive which revises the NFRD.

The EU Taxonomy is a robust and science-based tool for companies and investors that provides criteria for determining which economic activities substantially contributes to the Green Deal objectives. The criteria also provide a common language that allows companies and investors to communicate credibly about green activities and assist the transition to a low-carbon economy.

Reach and maintain compliance with EU’s Taxonomy Regulation in a constantly moving situation

We have published a comprehensive and concise free whitepaper that helps your company reach and maintain compliance with EU’s Taxonomy Regulation in a constantly moving situation.

Do you want to know what the EU’s Taxonomy Regulation implicates and who are affected by it? Are you curious about the current timeline and what requirements apply to your company? These are just some of the questions our whitepaper answers as well as presenting the five steps to meet the requirements!

You can download our whitepaper here!

Ecobio helps meet the Taxonomy Requirements

Do you need expert help? Do you consider software solutions? Ecobio’s sustainability experts familiar with the Taxonomy requirements and experts in EHS requirements will help your company meet the expectations of the Taxonomy Regulation. Ecobio’s sustainable finance services helps you to identify your sustainable economic activities and report your alignment with the Taxonomy. Read more about our services regarding Sustainable Finance here!

With Ecobio Manager legislation compliance tool, companies can assess compliance with the do-no-significant-harm requirements and minimum safeguards as well as follow up on relevant legislation development. Read more about Ecobio Manager here!

Do you want to hear more? Kindly contact us:

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Katrine Hoset

Account Manager, Senior Consultant

katrine.hoset@ecobio.fi

+358 (0)20 756 2306


Text: Katrine Hoset & Emma Björkqvist

Picture: Shutterstock

EU’s Taxonomy Regulation for Sustainable Activities

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DOWNLOAD OUR COMPREHENSIVE AND CONCICE FREE GUIDE REGARDING EU’S TAXONOMY REGULATION FOR SUSTAINABLE ACTIVITIES HERE!

The EU taxonomy is a legal classification system establishing a list of environmentally sustainable economic activities. The regulation is the EU’s tool to help plan the transition to a low carbon, resilient and resource efficient economy. The Taxonomy Regulation entered into force on 12 July 2020.

In addition to the classification of activities, the EU Taxonomy Regulation demands companies to track legislation changes and demonstrate compliance with it. The Taxonomy regulation is in force but will continue to develop in the coming years. The legislation underlying the do-no-significant-harm and legislation and guidelines relating to social responsibility will continue to evolve.

Therefore, you should track relevant up-coming and in-force legislation and monitor your compliance continuously.

Ecobio’s guide helps companies fulfil the EU Taxonomy Regulation obligations

Our comprehensive and concise guide helps companies ensure their compliance with the legislation related to the EU’s Taxonomy Regulation for sustainable activities. Would you like to implement the actions needed across your organization? Are you looking for a professional but straightforward tool/solution to tackle your requirements? We have a digital solution for you.

The guide is intended for financial market participants and large companies required to provide a non-financial statement under the Non-financial Reporting Directive (NFRD). The guide is constructed by experts at Ecobio. Our guide is in PDF-format so that you can easily read it on your computer, phone and even print it out if needed!

Our guide is in English.

You can download our guide here!

Ecobio Manager keeps you on track in Sustainable Finance

Ecobio Manager provides a digital solution (SaaS) to monitor compliance with EU Taxonomy Regulation fulfilling legal obligations and avoid risks of noncompliance in sustainable finance. Kindly contact us for further discussion and the demo presentation of Ecobio Manager. Please ask for the collections of Denmark, too.

Kindly contact us!

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Katrine Hoset – Account Manager, Senior Consultant in Sustainability

katrine.hoset@ecobio.fi

+358 (0)20 756 2306

You can find all of our whitepapers, guides, and brochures from our new library!

Did you know that you can find all of our published whitepapers, guides, and brochures from our new library on our homepage? You can find our library here!

You might also be interested in our webinar recording “New in sustainable finance – How to apply EU’s taxonomy regulation and reporting requirements”

In this webinar, our senior consultant Katrine Hoset, Ph.D., will go through the EU’s Taxonomy Regulation and how financial and large companies can fulfil the new classification and reporting requirements in sustainability.

Read more and watch our webinar here!

Minimize workplace safety risks during COVID-19

covid-19 risk management

Are you aware of the risks caused by COVID-19 on your workplace? Does your company have a waterproof plan to manage them?

Our shared challenge is to make sure business works as usual, even in uncertain times. A safe workplace is not a matter of course. Many of us work in at least somewhat vulnerable working conditions. Most remote workers who are now returning to work can be exposed to the coronavirus (COVID-19) either on their way to, or at work. The global pandemic naturally raises a lot of questions in the work community that require clear answers and safe solutions from the leaders. By identifying and systematically managing the risks posed by a pandemic, you can build trust in the work community and ensure that your business works even in times of uncertainty.

How do I secure business continuity?

In order to ensure the profitability of your business it is important to identify what your business cannot afford to lose. Identifying and conserving critical resources and operations is necessary for a company to be able to avoid fatal losses during a crisis. Critical resources can be divided into six groups; employees, facilities, key functions, warehouses or special equipment, IT resources and key third parties such as investors, subcontractors, and suppliers. Identifying and protecting these critical resources will help you reduce your risks.

Developing a crisis strategy and strengthening operational reliability are an integral part of business continuity in uncertain conditions. The Ecobio Manager SaaS-service provides an easy-to-use and hands-on way to maintain reliability with the help of risk management and compliance tools. The tool can be customized to suit the needs and size of your business.

Identifying risks can help you understand how vulnerable your business is to the dangers of an epidemic. In particular small businesses have limited resources, which makes using them effectively essential.

Secure the safety of your workplace during COVID-19 with the help of the Ecobio Manager Risk Management tool

At Ecobio, we want to help companies worldwide to maintain profitable, responsible, and safe businesses where the employee’s health is taking care of. We, therefore, offer companies a free trial of the Ecobio Manager COVID-19 Risk Management tool for three months.

The Ecobio Manager SaaS-service offers a solution that utilizes industrial procedures to manage risks caused by the coronavirus at the workplace, but also other risks such as environmental-, occupational health and safety-, fire- and rescue risks. The service includes a tool for identifying bacterial and viral hazards and risk assessment, as well as a management plan. In addition, you can keep up-to-date with changes in COVID-19 legislation and regulatory guidelines. You can conveniently save your organization’s instructions or other essential guidelines to the service. You can also assess the compliance of your operations with laws, regulatory guidelines, and compliance with your own guidelines in the EU and US. The service helps your business stay up to date in a changing situation.

The COVID-19 Risk Management service package includes the following services:

  • Hazard identification, risk assessment and management of COVID-19 hazards as a cloud service
  • COVID-19 risk management training

If you want a comprehensive service for COVID-19 obligations management, you can extend risk management to include the following services:

  • Up-to-date regulation of COVID-19
  • Up-to-date authority guidance of COVID-19
  • Save and manage your own instructions
  • Compliance assessment tool

Send your company information & subscribe to the service: sales@ecobiomanager.com

Read more about Ecobio Manager: www.ecobiomanager.com

More news & blogs

Risk Assessment with Ecobio Manager

risk assessment

Have you noticed the new Risk Assessment tool in Ecobio Manager?

Ecobio Manager helps your company with statutory risk assessing.

Risk assessments are very important as they are a central part of a professional environmental and occupational health and safety management plan. The aim of the assessment process is to evaluate hazards and remove them or minimize the level of their risk by adding control measures. By doing this you can create a safer and healthier workplace.

With the help of Ecobio Manager you can easily conduct environmental, health and safety as well as chemical exposure risk assessments. Your organization can follow the most important risk factors and implementation of the risk control measures. Easy-to-use service helps you to determine the risks on your workplace. Ecobio Manager also facilitates authority processes while automatic risk calculation and responsibility delegation features enable time and cost savings. For chemical management customers, risk assessment provides an intelligent integrated solution with the chemicals list for evaluation. The system also automatically uses hazard statements for the chemical when determining the risk.

Risk assessment Ecobio Manager

Other benefits of the tool:

  • Helps your company meet the legal requirements and makes regulatory inspections smoother.
  • The latest risk assessments are available to all workers.
  • Automated risk calculation saves time and resources.
  • You can easily allocate responsibilities for different tasks.

 

Interested in learning more about risk assessment and Ecobio Manager? Our experts are happy to help you any time.

Don´t hesitate to contact us!

sales@ecobiomanager.com