In the future, savings banks will be able to work with their customers to make their financing projects more sustainable: The TAXO TOOL from VÖB-Service GmbH and Dydon AI enables savings banks to carry out a systematic, structured assessment of their private and corporate customers' financing projects to determine whether they meet the European Union's standards for green business practices.
"The move towards greater sustainability in all areas of daily life has now gained great socio-political relevance. For example, the savings banks specifically support corporate customers in successfully leading their business into a sustainable future by analysing and supporting financing projects with the help of the TAXO TOOL. This creates additional security for our customers," says Karolin Schriever, Managing Director of the German Savings Banks and Giro Association (DSGV).
It is the declared aim of the EU taxonomy to set the course for the transition to a sustainable and climate-neutral society throughout Europe. Investments are therefore increasingly being channelled into environmentally friendly technologies and companies. Schriever: "The path is clearly defined. Companies and private customers need a reliable partner who can accompany them on their individual path when it comes to a wide range of issues. Savings banks play a decisive role here and fulfil their social responsibility."
The TAXO TOOL guides advisors and clients through the assessment process together. Artificial intelligence (AI) is used to automate and simplify the EU taxonomy assessment. The AI supports the collection and processing of relevant data from various sources (such as energy certificates for buildings). Among other things, it uses intelligent search algorithms and automated CO₂ calculations. The result is a sustainability assessment tailored to the specific needs of the respective industry. A certificate confirms conformity and enables companies to transparently document their commitment to sustainability to customers and partners.
Geodata that identifies climate risks for specific addresses is a significant additional benefit. Savings banks can optionally integrate this data from Munich Re's Location Risk Intelligence Platform into TAXO TOOL. Knowing how the risk of flooding will develop at a building site, for example, creates more planning security for the construction of a home.
Schriever: "This new service is an important building block on the way to a climate-neutral future. With their savings bank, companies and private customers have a reliable partner at their side. The savings banks utilise all digital possibilities to make complex issues as simple and understandable as possible. In this way, they create real added value for everyone."
Here is the link to VÖB Service: EU taxonomy made easy: savings banks use TAXO TOOL - VÖB-Service GmbH (voeb-service.de)
