Covivio Hotels SCA
Covivio Hotels EU Taxonomy Data Preview
In 2024, Covivio Hotels was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Covivio Hotels has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Covivio Hotels are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Turnover | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Taxonomy Eligible A Turnover | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Taxonomy Non-Eligible B Turnover | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
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| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Eligible A Opex | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Opex | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data. b | Copy restricted. Please purchase to unlock this data. c | 0000000 |
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| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Taxonomy Eligible A Capex | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data. b | Copy restricted. Please purchase to unlock this data. c | 0000000 |
Total Taxonomy Non-Eligible B Capex | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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Verified Sources Behind Covivio Hotels’s EU Taxonomy Data
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Insights into Covivio Hotels's Revenues from Sustainable Activities
In 2024, Covivio Hotels reported EU Taxonomy-eligible revenues of EUR 585.46 million, representing 100% of its total turnover. Of this amount, EUR 86.28 million of Covivio Hotels's revenues was classified as EU Taxonomy-aligned, indicating that 14.7% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS). a
Covivio Hotels's Taxonomy-Eligible Turnover Over Time
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Covivio Hotels's revenues become more sustainable over time?
Since 2022, Covivio Hotels's taxonomy-aligned revenues increased by 36.11%, reflecting a sustained upward trend in environmentally sustainable revenue generation. a c
Compared to the previous year (2023), Covivio Hotels's taxonomy-aligned revenues increased by 25.64%, highlighting Covivio Hotels's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy. a b
How much of Covivio Hotels's revenue is eligible under the EU Taxonomy?
In 2024, Covivio Hotels reported that EUR 585.46 million of its revenue was eligible under the EU Taxonomy, representing 100% of the company's total turnover. Of this amount, EUR 86.28 million (14.7% of total revenue) was classified as Taxonomy-aligned. This means that 85.3% of Covivio Hotels's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards. a
How much of Covivio Hotels's eligible revenue is aligned with the EU Taxonomy?
In 2024, Covivio Hotels reported that EUR 86.28 million of its revenue was aligned under the EU Taxonomy, representing 14.7% of its total turnover. a
This moderate level of alignment indicates that Covivio Hotels has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Covivio Hotels's Eligibility & Alignment Overview
Covivio Hotels's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Covivio Hotels's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Covivio Hotels reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives a :
- Climate Change Mitigation: 14.7%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Covivio Hotels earn from selling climate-related solutions ?
In 2024, Covivio Hotels reported that EUR 86.06 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 14.7% of the company's total revenue, indicating that Covivio Hotels has a moderate focus on solutions that support climate action through its commercial activities. a
Insights into Covivio Hotels's CAPEX from Sustainable Activities
In 2024, Covivio Hotels reported EU Taxonomy-eligible CAPEX of EUR 135.73 million, representing 100% of its total CAPEX. Of this amount, EUR 113.99 million of Covivio Hotels's CAPEX was classified as EU Taxonomy-aligned, indicating that 84% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS). a
Covivio Hotels's Taxonomy-Eligible Capex Over Time
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
Have Covivio Hotels's increased its investment in sustainable activities over time?
Since 2022, Covivio Hotels's taxonomy-aligned capital expenditure (CAPEX) increased by 36.36%, pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy. a c
Compared to the previous year (2023), Covivio Hotels's taxonomy-aligned CAPEX increased by 48.94%, highlighting Covivio Hotels's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy. a b
How much of Covivio Hotels's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Covivio Hotels reported that EUR 135.73 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 100% of the company's total CAPEX. Of this amount, EUR 113.99 million (84% of total CAPEX) was classified as Taxonomy-aligned. This means that 16% of Covivio Hotels's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS). a
How much of Covivio Hotels's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Covivio Hotels reported that EUR 113.99 million of its CAPEX was aligned under the EU Taxonomy, representing 84% of its total capital investment. a
This strong alignment suggests that Covivio Hotels is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
Covivio Hotels's Eligibility & Alignment Overview
Covivio Hotels's Contribution to Environmental Objectives
How is Covivio Hotels's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Covivio Hotels reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives a :
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much Covivio Hotels is investing in climate-related solutions?
In 2024, Covivio Hotels allocated EUR 0 of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0% of the company's total capital expenditure, indicating that Covivio Hotels has only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives. a
Insights into Covivio Hotels's OPEX from Sustainable Activities
In 2024, Covivio Hotels reported EU Taxonomy-eligible OPEX of EUR 0, representing 0% of its total operating expenses (OPEX). Of this amount, EUR 0 of Covivio Hotels's OPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS). a