Sustainability Report 2023-24 - Flipbook - Page 26
Compliance and legislation
The EU taxonomy regulation
The EU taxonomy has its roots in the EU climate strategy that sets goals to create a climate-neutral EU by
2050. The purpose of the taxonomy is to create a shared classification system for economic activities that are
considered sustainable from a climate or environmental point of view.
It defines six environmental goals to be met for activities to be classified as sustainable:
• Climate change mitigation
• Climate change adaptation
• Protection of water and marine resources
• Contribution to the transition to a circular economy
• Pollution prevention and control
• Protection and restoration of biodiversity
Gabriel has assessed the company’s activities based on the industry codes under which it operates. The
conclusion based on this assessment is that the taxonomy’s screening criteria cover only a small share of
Gabriel’s activities (below the 5% limit value set by Gabriel). These activities concern, not the Group’s core
business, i.e. development, design and production of fabrics, furniture and components, but Gabriel’s properties. These activities are therefore assessed and reported as taxonomy-eligible, but taxonomy-alignment has
not been assessed or reported.
STATED IN ACCORDANCE WITH THE EU TAXONOMY REGULATION
2023/24 DKKm
2023/24 %
2022/23 DKKm
2022/23 %
910,5
99,6
928,9
99,7
Taxonomy-eligible revenue, not aligned
3,3
0,4
3,2
0,3
Taxonomy-eligible, not aligned CapEx
0,9
2,2
2,4
5,0
Taxonomy-eligible, not aligned OpEx
4,5
1,7
4,2
1,7
Taxonomy non-eligible revenue
Corporate Sustainability Reporting Directive
The 2023/24 sustainability report is a part of the management commentary and meets the statutory requirements for a statement on CSR in section 99 a of the Financial Statements Act. The Gabriel Group is preparing
for reporting under the EU’s Corporate Sustainability Reporting Directive (CSRD) from 2024/25. The objective of
the CSRD is to strengthen the rules on the social and environmental information to be disclosed by companies.
The new rules will ensure that investors and other stakeholders have access to the information they need. This
includes information on the companies’ impacts on people and the environment, financial risks and opportunities stemming from climate change and other sustainability matters.
Read more on the Corporate Sustainability Reporting Directive.
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