The Navigator Company, S.A. is a leading Portuguese producer of pulp, paper, tissue, and renewable energy. It operates through key segments including market pulp, sold to international paper manufactu... The Navigator Company, S.A. is a leading Portuguese producer of pulp, paper, tissue, and renewable energy. It operates through key segments including market pulp, sold to international paper manufacturers; uncoated wood-free (UWF) paper distributed via retail (B2C) and commercial channels (B2B); tissue paper supplied to national and international retail chains under private labels; and biomass-based renewable energy from cogeneration units and independent thermoelectric power plants. The company generates the majority of its revenue from the Rest of Europe market, with total trailing twelve-month revenue around €2.05 billion and net income of €213.33 million. Employing approximately 3,955 people, it maintains a market capitalization of about €2.37 billion and offers a dividend yield near 4-7%. As a player in the basic materials sector, specifically paper and paper products, The Navigator Company, S.A. supports global supply chains for printing, packaging, and hygiene products while contributing to sustainable energy production.
In 2025, Navigator 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.
Navigator has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Navigator 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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2023
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Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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4.8 CCM/CCA - Electricity generation from bioenergy
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Metric
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2024
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2022 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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1.1 BIO - Conservation, including restoration, of habitats, ecosystems and species
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1.3 CCM/CCA - Forest management
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4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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4.8 CCM/CCA - Electricity generation from bioenergy
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5.1 CCM/CCA - Construction, extension and operation of water collection, treatment and supply systems
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5.3 CCM/CCA - Construction, extension and operation of waste water collection and treatment
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9.2 CCA - Close to market research, development and innovation
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Metric
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2022 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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1.3 CCM/CCA - Forest management
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4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
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4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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4.8 CCM/CCA - Electricity generation from bioenergy
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5.1 CCM/CCA - Construction, extension and operation of water collection, treatment and supply systems
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5.3 CCM/CCA - Construction, extension and operation of waste water collection and treatment
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9.2 CCA - Close to market research, development and innovation
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Limited Data Preview
You are viewing a limited preview of Navigator’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, at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Navigator’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Navigator’s data sources below and access millions more through our Disclosure Search.
a. Navigator's Annual Report 2025
b. Navigator's Annual Report 2024
c. Navigator's Annual Report 2023
d. Navigator's Annual Report 2022
Insights into Navigator's Revenues from Sustainable Activities
In 2025, Navigator reported EU Taxonomy-eligible revenues of EUR 98.55 million, representing 5% of its total turnover. Of this amount, EUR 94.27 million of Navigator's revenues was classified as EU Taxonomy-aligned, indicating that 5% 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
Navigator's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Navigator's revenues become more sustainable over time?
Since 2022, Navigator's taxonomy-aligned revenues decreased by 28.57%, indicating a long-term decline in environmentally sustainable revenue performance.a, d
Compared to the previous year (2024), Navigator's taxonomy-aligned revenues decreased by 16.67%, suggesting that Navigator may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
How much of Navigator's revenue is eligible under the EU Taxonomy?
In 2025, Navigator reported that EUR 98.55 million of its revenue was eligible under the EU Taxonomy, representing 5% of the company's total turnover. Of this amount, EUR 94.27 million (5% of total revenue) was classified as Taxonomy-aligned. This means that 0% of Navigator'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 Navigator's eligible revenue is aligned with the EU Taxonomy?
In 2025, Navigator reported that EUR 94.27 million of its revenue was aligned under the EU Taxonomy, representing 5% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Navigator's Eligibility & Alignment Overview
Navigator's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Navigator's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2025, Navigator reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 5%
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 Navigator earn from selling climate-related solutions ?
In 2025, Navigator reported that EUR 98.49 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 5% of the company's total revenue,indicating that Navigatorhas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Navigator's CAPEX from Sustainable Activities
In 2025, Navigator reported EU Taxonomy-eligible CAPEX of EUR 79.36 million,representing 32% of its total CAPEX. Of this amount, EUR 73.36 million of Navigator's CAPEX was classified as EU Taxonomy-aligned, indicating that 30% 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
Navigator's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Navigator's increased its investment in sustainable activities over time?
Since 2022, Navigator's taxonomy-aligned capital expenditure (CAPEX)increased by 15.38%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.a, d
Compared to the previous year (2024), Navigator's taxonomy-aligned CAPEX increased by 66.67%,highlighting Navigator'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 Navigator's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2025, Navigator reported that EUR 79.36 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 32% of the company's total CAPEX. Of this amount, EUR 73.36 million (30% of total CAPEX) was classified as Taxonomy-aligned. This means that 2% of Navigator'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 Navigator's eligible CAPEX is aligned with the EU Taxonomy?
In 2025, Navigator reported that EUR 73.36 million of its CAPEX was aligned under the EU Taxonomy, representing 30% of its total capital investment.a
This moderate level of alignment indicates that Navigator is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Navigator's Eligibility & Alignment Overview
Navigator's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Navigator's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2025, Navigator reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 30%
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 Navigator is investing in climate-related solutions?
In 2025, Navigator allocated EUR 74.26 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 30% of the company's total capital expenditure,indicating that Navigatoris moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into Navigator's OPEX from Sustainable Activities
In 2025, Navigator reported EU Taxonomy-eligible OPEX of EUR 17.65 million,representing 21% of its total operating expenses (OPEX). Of this amount, EUR 13.73 million of Navigator's OPEX was classified as EU Taxonomy-aligned, indicating that 16% 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
Navigator's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Navigator's increased its spending in sustainable activities over time?
Since 2022, Navigator's taxonomy-aligned operating expenditure (OPEX)increased by 33.33%,pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.a, d
Compared to the previous year (2024), Navigator's taxonomy-aligned OPEX increased by 14.29%,highlighting Navigator'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 Navigator's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2025, Navigator reported that EUR 17.65 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 21% of the company's total OPEX. Of this amount, EUR 13.73 million (16% of total OPEX) was classified as Taxonomy-aligned. This means that 5% of Navigator'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 Navigator's eligible OPEX is aligned with the EU Taxonomy?
In 2025, Navigator reported that EUR 13.73 million of its OPEX was aligned under the EU Taxonomy, representing 16% of its total operational expenditure.a
This moderate level of alignment indicates that Navigator is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Navigator's Eligibility & Alignment Overview
Navigator's Contribution to Environmental Objectives
Total Taxonomy Aligned Opex
How is Navigator's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2025, Navigator reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 12%
Climate Change Adaptation: 4%
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 Navigator's operational budget supports climate-related solutions?
In 2025, Navigator allocated EUR 13.39 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 16% of the company's total OPEX,indicating that Navigatoris moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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