With KlimTAX, a recently published guide, researchers from the AIT Austrian Institute of Technology GmbH (Marianne Bügelmayer-Blaschek, Martin Schneider), GeoSphere Austria – Bundesanstalt für Geologie, Geophysik, Klimatologie und Meteorologie (Dominik Imgrüth, Stefan Kienberger, Johanna Wittholm), the Vienna University of Technology, Institute of Management Sciences (Josef Baumüller, Victoria Typpelt), and the Umweltbundesamt GmbH (Markus Leitner, Martina Offenzeller) provide recommendations for the sound implementation of climate risk analysis within the EU Taxonomy Regulation 2020. Companies seeking EU Taxonomy compliance must make a substantial contribution to one of the six defined environmental objectives, must not significantly harm any of them, and must comply with minimum social standards.

Within environmental objective 2, "climate change adaptation", the carrying out of a climate risk analysis (CRA) is at the heart of the required evidence. In addition, the so-called "do-no-significant-harm" (DNSH) principle applies across all environmental objectives, which — among other things — also requires the carrying out of a climate risk analysis for all other environmental objectives. As a result, all companies are ultimately required to conduct a CRA as part of their EU Taxonomy compliance assessment.  

All information and the guide for download can be found at https://ccca.ac.at/wissenstransfer/klimtax