The Brussels start-up Greenomy will now attack the American market with its platform to help companies and financial institutions go green.
The young shoot from Brussels makes it possible tohelping businesses and financial institutions to go green, in accordance with the new standards of the European Union in sustainable finance. She already works for big names such as ABN AMRO
or even AvH
and has established partnerships with Deloitte, MFEX and Temenos.
“With Greenomy, we seek to create a new global market infrastructure around green taxonomies and ESG standards.”
“In fact, with Greenomy, we are trying to create a new global market infrastructure around green taxonomies and ESG standards”, indicates the one who went through the benches of Harvard, before entering an American law firm. then to the Commission.
What is it about? The european taxonomy is one of the ten actions of the plan for sustainable finance launched by the EU. This classification system helps to establish whether an economic activity is sustainable or not. It is a sort of common language which initially introduces a classification of economic activities according to their contribution to climate change.
The stakes are high. Indeed, said taxonomy will ensure that companies are required to report on their impact on the environment. From 2023, the CSRD directive will force 49,000 companies with more than 250 employees with a turnover of 20 million euros and a balance sheet of more than 40 million to publish information on their greening.
This is where Greenomy comes in, whether at the level of the companies concerned, but also of all the actors who can gravitate around it, whether they are banks or investment funds for example. And this, by structuring the approach using an in-house tool.
A tool that is by the way also intended for all other regions of the world where discussions are generally less advanced than in Europe. In this sense, the Brussels start-up sometimes works as a consultant to the development of local taxonomies. This is what explains in particular its expansion in recent months.
“Today, 25 countries around the world are adopting their own green taxonomy, like the EU. This is called the Brussels Effect, like for the GDPR”, comments Alexander Stevens. “The challenges faced will be the same, so we bring our best practices and our technology.”