SYNLAB Holdco GmbH

Common Name

SYNLAB Holdco

Country

Germany

Sector

Healthcare

Industry

Diagnostics & Research

Employees

27,000

Ticker

SYAB

Exchange

Deutsche Börse Hamburg

Website

www.synlab.ag

Description

Synlab AG is a prominent player in the medical diagnostics sector, specializing in laboratory services across Europe and beyond. The primary purpose of Synlab AG is to provide reliable and innovative ... Show more

GHG Emissions Climate Targets EU Taxonomy

SYNLAB Holdco's EU Taxonomy Data Preview

In 2023, SYNLAB Holdco 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.

SYNLAB Holdco has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of SYNLAB Holdco are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.

turnoveropexcapex

Metric	2023	2022
Total Taxonomy Aligned Turnover	0%^a	0%^b
Total Taxonomy Eligible Turnover	0%^a	0%^b

Metric	2023	2022
Total Taxonomy Aligned Opex	0%^a	0%^b
Total Taxonomy Eligible Opex	0%^a	0%^b

Metric	2023	2022
Total Taxonomy Aligned Capex	11.9%^a	0.4%^b
Total Taxonomy Eligible Capex	38%^a	38%^b
Activity Level Taxonomy Aligned Capex (4 activities)
6.5 CCM/CCA - Transport by motorbikes, passenger cars and light commercial vehicles	0.4%^a	0.2%^b
7.2 CCM/CCA - Renovation of existing buildings	11.4%^a	0.1%^b
7.4 CCM/CCA - Installation, maintenance and repair of charging stations for electric vehicles in buildings (and parking spaces attached to buildings)	N/A	0.1%^b
7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies	0.1%^a	N/A

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Verified Sources Behind SYNLAB Holdco’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.

a. SYNLAB Holdco's Annual Report 2023

b. SYNLAB Holdco's ESG Report 2022

Insights into SYNLAB Holdco's CAPEX from Sustainable Activities

In 2023, SYNLAB Holdco reported EU Taxonomy-eligible CAPEX of EUR 97.14 million,representing 38% of its total CAPEX. Of this amount, EUR 30.55 million of SYNLAB Holdco's CAPEX was classified as EU Taxonomy-aligned, indicating that 11.9% 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

SYNLAB Holdco's Taxonomy-Eligible Capex Over Time

Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex

Have SYNLAB Holdco's increased its investment in sustainable activities over time?

Compared to the previous year (2022), SYNLAB Holdco's taxonomy-aligned CAPEX increased by 2,875%,highlighting SYNLAB Holdco'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 SYNLAB Holdco's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

In 2023, SYNLAB Holdco reported that EUR 97.14 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 38% of the company's total CAPEX. Of this amount, EUR 30.55 million (11.9% of total CAPEX) was classified as Taxonomy-aligned. This means that 26.1% of SYNLAB Holdco'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 SYNLAB Holdco's eligible CAPEX is aligned with the EU Taxonomy?

In 2023, SYNLAB Holdco reported that EUR 30.55 million of its CAPEX was aligned under the EU Taxonomy, representing 11.9% of its total capital investment.^a

This moderate level of alignment indicates that SYNLAB Holdco is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.

SYNLAB Holdco's Eligibility & Alignment Overview

SYNLAB Holdco's Contribution to Environmental Objectives

Total Taxonomy Aligned Capex

How is SYNLAB Holdco's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

In 2023, SYNLAB Holdco reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 11.9%
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 SYNLAB Holdco is investing in climate-related solutions?

In 2023, SYNLAB Holdco allocated EUR 30.45 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 11.9% of the company's total capital expenditure,indicating that SYNLAB Holdcois moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.^a

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SYNLAB Holdco's EU Taxonomy Data Preview

Verified Sources Behind SYNLAB Holdco’s EU Taxonomy Data

Insights into SYNLAB Holdco's Revenues from Sustainable Activities

Insights into SYNLAB Holdco's CAPEX from Sustainable Activities

SYNLAB Holdco's Taxonomy-Eligible Capex Over Time

Have SYNLAB Holdco's increased its investment in sustainable activities over time?

How much of SYNLAB Holdco's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

How much of SYNLAB Holdco's eligible CAPEX is aligned with the EU Taxonomy?

SYNLAB Holdco's Eligibility & Alignment Overview

SYNLAB Holdco's Contribution to Environmental Objectives

How is SYNLAB Holdco's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

How much SYNLAB Holdco is investing in climate-related solutions?

Insights into SYNLAB Holdco's OPEX from Sustainable Activities

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SYNLAB Holdco GmbH

SYNLAB Holdco's EU Taxonomy Data Preview

Verified Sources Behind SYNLAB Holdco’s EU Taxonomy Data

Insights into SYNLAB Holdco's Revenues from Sustainable Activities

Insights into SYNLAB Holdco's CAPEX from Sustainable Activities

SYNLAB Holdco's Taxonomy-Eligible Capex Over Time

Have SYNLAB Holdco's increased its investment in sustainable activities over time?

How much of SYNLAB Holdco's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

How much of SYNLAB Holdco's eligible CAPEX is aligned with the EU Taxonomy?

SYNLAB Holdco's Eligibility & Alignment Overview

SYNLAB Holdco's Contribution to Environmental Objectives

How is SYNLAB Holdco's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

How much SYNLAB Holdco is investing in climate-related solutions?

Insights into SYNLAB Holdco's OPEX from Sustainable Activities

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