Garo AB is a prominent company in the electrical products and solutions sector, widely recognized for its focus on sustainable energy solutions. The company primarily designs and produces equipment fo... Garo AB is a prominent company in the electrical products and solutions sector, widely recognized for its focus on sustainable energy solutions. The company primarily designs and produces equipment for the management and distribution of electrical power, with a strong emphasis on products that facilitate the transition towards renewable energy. Garo AB's offerings include a variety of electric vehicle charging infrastructure, electrical distribution products, and temporary power solutions that are critical for both residential and commercial applications. The organization plays a crucial role in advancing the electrification of transportation by providing comprehensive EV charging solutions, thus supporting the broader ecological movement towards reducing carbon footprints. Garo AB operates within a highly dynamic sector that intersects with emerging technologies and the growing global demand for green energy solutions. Its products are pivotal in facilitating the proliferation of electric vehicles, making it a key player in the sustainable energy market. Established in Sweden, Garo AB is committed to innovation and sustainability, aligning with governments and industry standards focusing on energy efficiency and ecological responsibility.
In 2024, Garo 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.
Garo has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Garo are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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3.20 CCM - Manufacture, installation, and servicing of high, medium and low voltage electrical equipment for electrical transmission and distribution that result in or enable a substantial contribution to climate change mitigation
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a
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3.5 CCM/CCA - Manufacture of energy efficiency equipment for buildings
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3.5 CCM/CCA - Manufacture of energy efficiency equipment for buildings, 3.6 CCM/CCA - Manufacture of other low carbon technologies
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2021 - 2017
Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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Total Taxonomy Non-Eligible B Opex
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3.20 CCM - Manufacture, installation, and servicing of high, medium and low voltage electrical equipment for electrical transmission and distribution that result in or enable a substantial contribution to climate change mitigation
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a
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3.5 CCM/CCA - Manufacture of energy efficiency equipment for buildings
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2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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Total Taxonomy Non-Eligible B Capex
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3.20 CCM - Manufacture, installation, and servicing of high, medium and low voltage electrical equipment for electrical transmission and distribution that result in or enable a substantial contribution to climate change mitigation
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a
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3.5 CCM/CCA - Manufacture of energy efficiency equipment for buildings
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Limited Data Preview
You are viewing a limited preview of Garo’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.
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a. Garo's Annual Report 2024
b. Garo's Annual Report 2023
c. Garo's Annual Report 2022
Insights into Garo's Revenues from Sustainable Activities
In 2024, Garo reported EU Taxonomy-eligible revenues of SEK 952.00 million, representing 82% of its total turnover. Of this amount, SEK 532.00 million of Garo's revenues was classified as EU Taxonomy-aligned, indicating that 46% 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
Garo's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Garo's revenues become more sustainable over time?
Since 2022, Garo's taxonomy-aligned revenues increased by 557.14%,reflecting a sustained upward trend in environmentally sustainable revenue generation.a, c
Compared to the previous year (2023), Garo's taxonomy-aligned revenues increased by 253.85%,highlighting Garo'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 Garo's revenue is eligible under the EU Taxonomy?
In 2024, Garo reported that SEK 952.00 million of its revenue was eligible under the EU Taxonomy, representing 82% of the company's total turnover. Of this amount, SEK 532.00 million (46% of total revenue) was classified as Taxonomy-aligned. This means that 36% of Garo'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 Garo's eligible revenue is aligned with the EU Taxonomy?
In 2024, Garo reported that SEK 532.00 million of its revenue was aligned under the EU Taxonomy, representing 46% of its total turnover.a
This moderate level of alignment indicates that Garo has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Garo's Eligibility & Alignment Overview
Garo's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Garo's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Garo reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 46%
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 Garo earn from selling climate-related solutions ?
In 2024, Garo reported that SEK 529.92 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 46% of the company's total revenue,indicating that Garohas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Garo's CAPEX from Sustainable Activities
In 2024, Garo reported EU Taxonomy-eligible CAPEX of SEK 19.00 million,representing 100% of its total CAPEX. Of this amount, SEK 11.00 million of Garo's CAPEX was classified as EU Taxonomy-aligned, indicating that 58% 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
Garo's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Garo's increased its investment in sustainable activities over time?
Since 2022, Garo's taxonomy-aligned capital expenditure (CAPEX)increased by 480%,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), Garo's taxonomy-aligned CAPEX increased by 866.67%,highlighting Garo'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 Garo's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Garo reported that SEK 19.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 100% of the company's total CAPEX. Of this amount, SEK 11.00 million (58% of total CAPEX) was classified as Taxonomy-aligned. This means that 42% of Garo'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 Garo's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Garo reported that SEK 11.00 million of its CAPEX was aligned under the EU Taxonomy, representing 58% of its total capital investment.a
This strong alignment suggests that Garo is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
Garo's Eligibility & Alignment Overview
Garo's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Garo's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Garo reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 58%
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 Garo is investing in climate-related solutions?
In 2024, Garo allocated SEK 11.02 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 58% of the company's total capital expenditure,indicating that Garois prioritizing climate-focused investments as a central part of its overall capital strategy.a
Insights into Garo's OPEX from Sustainable Activities
In 2024, Garo reported EU Taxonomy-eligible OPEX of SEK 54.00 million,representing 98% of its total operating expenses (OPEX). Of this amount, SEK 12.00 million of Garo's OPEX was classified as EU Taxonomy-aligned, indicating that 21% 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
Garo's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Garo's increased its spending in sustainable activities over time?
Since 2022, Garo's taxonomy-aligned operating expenditure (OPEX)increased by 250%,pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.a, c
Compared to the previous year (2023), Garo's taxonomy-aligned OPEX increased by 121.05%,highlighting Garo's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Garo's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Garo reported that SEK 54.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 98% of the company's total OPEX. Of this amount, SEK 12.00 million (21% of total OPEX) was classified as Taxonomy-aligned. This means that 77% of Garo's OPEX is eligible but not aligned, indicating that these expenditures 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 Garo's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Garo reported that SEK 12.00 million of its OPEX was aligned under the EU Taxonomy, representing 21% of its total operational expenditure.a
This moderate level of alignment indicates that Garo is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Garo's Eligibility & Alignment Overview
Garo's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Garo's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Garo reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 21%
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 of Garo's operational budget supports climate-related solutions?
In 2024, Garo allocated SEK 11.55 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 21% of the company's total OPEX,indicating that Garois moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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