To ensure that our reporting meets our stakeholders' current requirements, we monitor and support the development of regulations at national, European, and global levels. Where required, we actively contribute to legislative activities through position papers and consultation contributions within the framework of interest groups and industry associations - for example, ETNO (European Telecommunications Network Operators' Association) and econsense. One of the most critical, forward-looking European regulatory initiatives of 2020 was adopting the so-called EU Taxonomy Regulation.
The aim of the taxonomy: to create incentives for more sustainable investment strategies.
The EU regulation aims to channel capital flows into sustainable economic activities. The EU taxonomy is to regulate which activities are to be regarded as sustainable in this sense with an extensive catalogue of criteria, which will be published in the first quarter of 2021. As a critical element of the European Green Deal, the taxonomy intends to accelerate the shift towards an ecologically responsible economy.
To at least one of the six environmental objectives, as defined in the proposed regulation
Do no significant harm
An activity can only be considered to contribute to one of the six objectives if it does not result in other significant adverse environmental effects ("Do no significant harm" / "DNSH" principle).
Comply with minimum safeguards
The minimum safeguards are social requirements in accordance with
Deutsche Telekom complies with the minimum protection measures at the Group level. We report transparently on this in the section "Human rights".
Impact on Deutsche Telekom
At the time of going to press for this CR Report, the final legal act of the EU ("Delegated Act") and the specific criteria associated with it were not yet available. We continuously evaluate the draft criteria published by the EU so that we can react promptly to developments. As things stand at present, we assume that the taxonomy criteria for the Network and Data Centers business areas will be relevant for Deutsche Telekom.
According to the analyses, the following two aspects will play a central role in our future reporting, which will take full account of the requirements of the Taxonomy Regulation:
Currently, we see an increased need for clarification in assessing the potential of our products and services to contribute to climate protection in other industries.
How we can meet future requirements
We are already analyzing our activities based on case studies in individual business areas. The findings from these will be of use to us in subsequent company-wide reporting.