Briink helped ContiTech, a leading multinational supplier of industrial products, with EU Taxonomy reporting by identifying Taxonomy-eligible revenue across its value chain.
As part of its ESG commitments, Continental reports annually on its sustainability profile, including EU Taxonomy assessments. However, they face challenges including high demands on data availability and quality, ambiguous regulatory requirements, and high manual workload. In 2021, Continental officially reported 2.9% Taxonomy-eligible revenue.
ContiTech, a group sector of Continental Group, is a global supplier for the automotive and industrial applications industry. ContiTech is known for its forward-thinking approach to sustainability and for pioneering environmentally friendly and intelligent products and systems for the automotive industry, railway engineering, mining, agriculture and other key industries.
ContiTech leveraged Briink’s AI-powered tool to scan large volumes of client data and assess potential Taxonomy eligibility and alignment. In addition, ContiTech received continuous support from Briink’s team of Sustainable Finance experts to review the outputs, and develop tailored improvement recommendation reports.
Here’s how I would describe the Briink team: cooperative, fast communication, flexible, open for any discussions, and up-to-date. We were able to grow together with them to find a solution tailored to our needs.
Dominik Lünig, Sustainability Specialist at Continental
Briink enabled ContiTech to perform granular analysis of its clients’ sustainability profiles in a resource efficient way, allowing them to understand their role in enabling the green economy. ContiTech reported that the AI tool identified a substantially higher number of Taxonomy-eligible and aligned business activities than in previous manual processes. Stronger Taxonomy KPIs boost Continental’s attractiveness to green investors and engagement with their value chain and stakeholders.
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