Talgo S.A. specializes in the design, manufacture, and maintenance of railway vehicles, primarily focusing on high-speed train technology and rolling stock solutions. Established in Spain, Talgo is re... Talgo S.A. specializes in the design, manufacture, and maintenance of railway vehicles, primarily focusing on high-speed train technology and rolling stock solutions. Established in Spain, Talgo is renowned for its innovative contributions to rail engineering, particularly its patented articulated train design, which allows for smoother and more efficient travel on curves. This unique technology is pivotal for enhancing speed and reducing wear on tracks. Talgo’s trains are employed across multiple sectors, including passenger transport networks and specialized routes, underscoring its influence in the rail industry globally. The company continues to expand its footprint through contracts and partnerships with national and international rail operators, reflecting its commitment to sustainable and advanced rail transportation solutions. Talgo’s presence in the market is significant, as it supports infrastructure development and fosters connectivity, particularly within Europe and emerging rail markets.
In 2024, Talgo 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.
Talgo has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Talgo 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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3.3 CCM/CCA - Manufacture of low carbon technologies for transport
3.3 CCM/CCA - Manufacture of low carbon technologies for transport
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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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3.3 CCM/CCA - Manufacture of low carbon technologies for transport
3.3 CCM/CCA - Manufacture of low carbon technologies for transport
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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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3.3 CCM/CCA - Manufacture of low carbon technologies for transport
3.3 CCM/CCA - Manufacture of low carbon technologies for transport
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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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Verified Sources Behind Talgo’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 Talgo’s data sources below and access millions more through our Disclosure Search.
Insights into Talgo's Revenues from Sustainable Activities
In 2024, Talgo reported EU Taxonomy-eligible revenues of EUR 659.52 million, representing 99% of its total turnover. Of this amount, EUR 659.52 million of Talgo's revenues was classified as EU Taxonomy-aligned, indicating that 99% 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
Talgo's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Talgo's revenues become more sustainable over time?
Since 2022, Talgo's taxonomy-aligned revenues decreased by 1%, indicating a long-term decline in environmentally sustainable revenue performance.a, c
Compared to the previous year (2023), Talgo's taxonomy-aligned revenues decreased by 1%, suggesting that Talgo may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
How much of Talgo's revenue is eligible under the EU Taxonomy?
In 2024, Talgo reported that EUR 659.52 million of its revenue was eligible under the EU Taxonomy, representing 99% of the company's total turnover. Of this amount, EUR 659.52 million (99% of total revenue) was classified as Taxonomy-aligned. This means that 0% of Talgo'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 Talgo's eligible revenue is aligned with the EU Taxonomy?
In 2024, Talgo reported that EUR 659.52 million of its revenue was aligned under the EU Taxonomy, representing 99% of its total turnover.a
This strong alignment suggests that Talgo has strategically integrated environmentally sustainable activities into its core business model, positioning itself as a leader in the green transition.
Talgo's Eligibility & Alignment Overview
Talgo's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Talgo's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Talgo reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 99%
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 Talgo earn from selling climate-related solutions ?
In 2024, Talgo reported that EUR 662.52 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 99% of the company's total revenue,indicating that Talgoprimarily focuseson solutions that support climate action through its commercial activities.a
Insights into Talgo's CAPEX from Sustainable Activities
In 2024, Talgo reported EU Taxonomy-eligible CAPEX of EUR 51.75 million,representing 94% of its total CAPEX. Of this amount, EUR 51.75 million of Talgo's CAPEX was classified as EU Taxonomy-aligned, indicating that 94% 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
Talgo's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Talgo's increased its investment in sustainable activities over time?
Since 2022, Talgo's taxonomy-aligned capital expenditure (CAPEX)increased by 4.44%,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), Talgo's taxonomy-aligned CAPEX increased by 9.3%,highlighting Talgo'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 Talgo's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Talgo reported that EUR 51.75 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 94% of the company's total CAPEX. Of this amount, EUR 51.75 million (94% of total CAPEX) was classified as Taxonomy-aligned. This means that 0% of Talgo'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 Talgo's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Talgo reported that EUR 51.75 million of its CAPEX was aligned under the EU Taxonomy, representing 94% of its total capital investment.a
This strong alignment suggests that Talgo is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
Talgo's Eligibility & Alignment Overview
Talgo's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Talgo's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Talgo reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 94%
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 Talgo is investing in climate-related solutions?
In 2024, Talgo allocated EUR 51.71 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 94% of the company's total capital expenditure,indicating that Talgois prioritizing climate-focused investments as a central part of its overall capital strategy.a
Insights into Talgo's OPEX from Sustainable Activities
In 2024, Talgo reported EU Taxonomy-eligible OPEX of EUR 10.20 million,representing 66% of its total operating expenses (OPEX). Of this amount, EUR 10.20 million of Talgo's OPEX was classified as EU Taxonomy-aligned, indicating that 66% 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
Talgo's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Talgo's increased its spending in sustainable activities over time?
Since 2022, Talgo's taxonomy-aligned operating expenditure (OPEX)decreased by 17.5%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.a, c
Compared to the previous year (2023), Talgo's taxonomy-aligned OPEX decreased by 27.47%, suggesting that Talgo 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 Talgo's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Talgo reported that EUR 10.20 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 66% of the company's total OPEX. Of this amount, EUR 10.20 million (66% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of Talgo'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 Talgo's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Talgo reported that EUR 10.20 million of its OPEX was aligned under the EU Taxonomy, representing 66% of its total operational expenditure.a
This strong alignment suggests that Talgo is allocating a significant share of its operating budget to environmentally sustainable activities, signaling a strategic emphasis on day-to-day sustainability performance.
Talgo's Eligibility & Alignment Overview
Talgo's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Talgo's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Talgo reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 66%
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 Talgo's operational budget supports climate-related solutions?
In 2024, Talgo allocated EUR 10.25 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 66% of the company's total OPEX,indicating that Talgois focusing a significant share of its operational spending on supporting climate action through its day-to-day activities.a
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