Sol SpA is an industrial and healthcare service provider specializing in the production and distribution of technical and medical gases, along with integrated solutions for various applications across... Sol SpA is an industrial and healthcare service provider specializing in the production and distribution of technical and medical gases, along with integrated solutions for various applications across numerous sectors. A key player in the industrial gas market, Sol SpA caters to industries such as healthcare, manufacturing, and pharmaceuticals, providing essential products like oxygen, nitrogen, argon, and other specialty gases used in life-saving medical treatments, industrial processes, and research. Sol SpA's operations are recognized for enhancing efficiency and safety in manufacturing sectors while ensuring enhanced patient care in medical facilities. With a strong market presence in Europe and a growing interest in international markets, Sol SpA continually invests in expanding its technological capabilities and infrastructure, ensuring reliable and sustainable service delivery. The company's commitment to sustainability and innovation positions it as a significant contributor to the industrial gas landscape, meeting the evolving needs of a diverse clientele.
In 2024, SOL 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.
SOL has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of SOL are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Turnover
Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Turnover
Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Turnover
Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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4.5 CCM/CCA - Electricity generation from hydropower
4.5 CCM/CCA - Electricity generation from hydropower
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Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Opex
Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Opex
Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Opex
Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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4.5 CCM/CCA - Electricity generation from hydropower
4.5 CCM/CCA - Electricity generation from hydropower
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Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Capex
Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Capex
Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Capex
Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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Verified Sources Behind SOL’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 SOL’s data sources below and access millions more through our Disclosure Search.
Insights into SOL's Revenues from Sustainable Activities
In 2024, SOL reported EU Taxonomy-eligible revenues of EUR 15.72 million, representing 0.98% of its total turnover. Of this amount, EUR 2.62 million of SOL's revenues was classified as EU Taxonomy-aligned, indicating that 0.16% 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
SOL's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have SOL's revenues become more sustainable over time?
Since 2022, SOL's taxonomy-aligned revenues decreased by 15.79%, indicating a long-term decline in environmentally sustainable revenue performance.a, c
Compared to the previous year (2023), SOL's taxonomy-aligned revenues decreased by 20%, suggesting that SOL may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
How much of SOL's revenue is eligible under the EU Taxonomy?
In 2024, SOL reported that EUR 15.72 million of its revenue was eligible under the EU Taxonomy, representing 0.98% of the company's total turnover. Of this amount, EUR 2.62 million (0.16% of total revenue) was classified as Taxonomy-aligned. This means that 0.81% of SOL'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 SOL's eligible revenue is aligned with the EU Taxonomy?
In 2024, SOL reported that EUR 2.62 million of its revenue was aligned under the EU Taxonomy, representing 0.16% 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.
SOL's Eligibility & Alignment Overview
SOL's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is SOL's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, SOL reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.16%
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 SOL earn from selling climate-related solutions ?
In 2024, SOL reported that EUR 2.58 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 0.16% of the company's total revenue,indicating that SOLhas limited exposureon solutions that support climate action through its commercial activities.a
Insights into SOL's CAPEX from Sustainable Activities
In 2024, SOL reported EU Taxonomy-eligible CAPEX of EUR 231,000,representing 0.08% of its total CAPEX. Of this amount, EUR 0 of SOL's CAPEX was classified as EU Taxonomy-aligned, indicating that 0% 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
Insights into SOL's OPEX from Sustainable Activities
In 2024, SOL reported EU Taxonomy-eligible OPEX of EUR 1.14 million,representing 2.22% of its total operating expenses (OPEX). Of this amount, EUR 401,000 of SOL's OPEX was classified as EU Taxonomy-aligned, indicating that 0.78% 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
SOL's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have SOL's increased its spending in sustainable activities over time?
Since 2022, SOL's taxonomy-aligned operating expenditure (OPEX)increased by 9.86%,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), SOL's taxonomy-aligned OPEX decreased by 18.75%, suggesting that SOL may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
How much of SOL's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, SOL reported that EUR 1.14 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 2.22% of the company's total OPEX. Of this amount, EUR 401,000 (0.78% of total OPEX) was classified as Taxonomy-aligned. This means that 1.44% of SOL'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 SOL's eligible OPEX is aligned with the EU Taxonomy?
In 2024, SOL reported that EUR 401,000 of its OPEX was aligned under the EU Taxonomy, representing 0.78% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
SOL's Eligibility & Alignment Overview
SOL's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is SOL's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, SOL reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.78%
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 SOL's operational budget supports climate-related solutions?
In 2024, SOL allocated EUR 400,600 of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.78% of the company's total OPEX,indicating that SOLhas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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