EU Taxonomy
Reporting in line with Article 8 of the EU Taxonomy Regulation
The purpose of this note is to present disclosures in line with the requirements set out in the Disclosures Delegated Act under Article 8 of the EU Taxonomy Regulation as amended by the Commission Delegated Regulation (EU) 2026/73. In accordance with the amendment, Epiroc has used the simplified templates and reported all non-material activities in the summary template, providing explanations for their non-materiality.
This year, a continued conservative approach is adopted in the disclosures.
Disclosure 2025 – Summary KPIs
| Financial year | 2025 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPI (1) | Total (2) | Proportion of Taxonomy eligible activities (3) | Taxonomy aligned activities (4) | Proportion of Taxonomy aligned activities (5) | Breakdown by environmental objectives of Taxonomy aligned activities | Proportion of enabling activities (12) | Proportion of transitional activities (13) | Not assessed activities considered non-material (14) | Taxonomy aligned activities in previous financial year 2024 (15) | Proportion of Taxonomy aligned activities in previous financial year 2024 (16) | |||||
| Climate Change Mitigation (6) | Climate Change Adaptation (7) | Water (8) | Circular Economy (9) | Pollution (10) | Biodiversity (11) | ||||||||||
| MSEK | % | MSEK | % | % | % | % | % | % | % | % | % | % | MSEK | % | |
| Turnover | 61 998 | 0.0% | 0 | 0 | 0 | 0 | 4.2% | 0 | 0.0% | ||||||
| CapEx | 3 633 | 0.0% | 0 | 0 | 0 | 0 | 6.0% | 0 | 0.0% | ||||||
| OpEx | 1 646 | 15.5% | 0 | 0 | 0 | 0 | 0.0% | 0 | 0.0% | ||||||
Assessment of eligibility
As previous year, an assessment has been made against all 6 objectives (Climate change mitigation/adaptation, Sustainable use and protection of water and marine resources, Transition to a circular economy, Pollution prevention and control, Protection and restoration of biodiversity and ecosystems) and both eligibility and alignment are reported for the activities in scope.
The description of EUST activity 3.6 Manufacture of other low carbon technologies, contains the following: “Manufacture of technologies aimed at substantial GHG emission reductions in other sectors of the economy, where those technologies are not covered in Sections 3.1 to 3.5 of this Annex”. Epiroc has chosen to define this as products that have zero tailpipe emissions, and that are direct alternatives to fossil-fuel-powered products. Based on that, specific products have been identified as eligible. Eligible equipment includes battery-electric underground machines, cable-electric underground loaders and surface drill rigs. In addition to activities related to EUST activity 3.6, Epiroc is to a small extent involved in assembly of batteries, and thus also covered by the activity 3.4 Manufacture of batteries.
The description of EUST activity 4.1 Provision of IT/OT Data driven solutions contains the following: “(a) software and IT/OT systems, including artificial intelligence (AI) based solutions, built for the purpose of remote monitoring and predictive maintenance”. Epiroc has chosen to define this as products that increases durability, reparability, upgradability and reusability of equipment with a product-as-a-service model with the aim to keep equipment at their highest utility value for as long as possible. Eligible IT/OT systems include EarthTrack Payload Management systems for excavator and loaders, IOT enabled Smart Get and Drill Guidance. Although Epiroc contributes to a circular economy with for example the Reman Centers (remanufacturing), an analysis for EUST activities 5.1 – 5.4 shows that Epiroc does not fulfill the criteria for substantial contribution, resulting in no eligibility for 2025.
Materiality Assessment and reporting approach
In line with the 2025 amendment, Epiroc has applied the 10% materiality threshold for each KPI (Turnover, CapEx, OpEx). Economic activities that cumulatively account for less than 10% of the denominator for a given KPI are considered non-material and are reported separately as such. This approach is intended to focus reporting efforts on activities that are financially significant to the business, while maintaining transparency for all activities.
Turnover materiality
The majority of Epiroc’s turnover is derived from activities that are not Taxonomy-eligible. The company’s core business remains in mining and infrastructure equipment and related services, which is not currently included in the Taxonomy. Taxonomy-eligible but not aligned activities (3.6 Manufacture of other low carbon technologies, 3.4 Manufacture of batteries, and 4.1 Provision of IT/OT Data driven solutions) collectively account for 4.2% of total turnover, which is below the 10% materiality threshold and are therefore considered non-material for the purposes of Taxonomy reporting.
CapEx materiality
Capital expenditure related to 3.6 Manufacture of other low carbon technologies, 3.4 Manufacture of batteries and 4.1 Provision of IT/OT Data driven solutions, represent less than 10% of total CapEx and is therefore considered non-material for Taxonomy reporting. Most CapEx is allocated to general business operations and infrastructure.
OpEx materiality
Taxonomy-eligible activities collectively account for 15.5% of total OpEx, which is above the 10% threshold. Therefore, these activities are reported in detail as per the Taxonomy requirements. In 2025 the proportion of OpEx-related expenditures for eligible activities increased to 15,5% (12,5%) mainly due to data quality improvements.
Disclosure 2025 - KPI OpEx
| Reported KPI | OpEx | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial year | 2025 | ||||||||||||
| Economic Activities (1) | Code (2) | Taxonomy eligible KPI (Proportion of Taxonomy eligible OpEx) (3) | Taxonomy aligned KPI (monetary value of OpEx) (4) | Taxonomy aligned KPI (Proportion of Taxonomy aligned OpEx) (5) | Environmental objective of Taxonomy aligned activities | Enabling activity (12) | Transitional activity (13) | Proportion of Taxonomy aligned in Taxonomy eligible (14) | |||||
| Climate Change Mitigation (6) | Climate Change Adaptation (7) | Water (8) | Circular Economy (9) | Pollution (10) | Biodiversity (11) | ||||||||
| % | MSEK | % | % | % | % | % | % | % | E | T | % | ||
| Manufacture of other low carbon technologies | CCM 3.6 | 6.7% | 0 | 0 | E | ||||||||
| Manufacture of batteries | CCM 3.4 | 8.1% | 0 | 0 | E | ||||||||
| Provision of IT/OT data-driven solutions | CE 4.1 | 0.6% | 0 | 0 | E | ||||||||
| Installation, maintenance and repair of energy efficiency equipment | CCM 7.3 | 0.1% | 0 | 0 | E | ||||||||
| Installation, maintenance and repair of charging stations for electric vehicles in buildings (and parking spaces attached to buildings) | CCM 7.4 | 0.0% | 0 | 0 | E | ||||||||
| Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings | CCM 7.5 | 0.0% | 0 | 0 | E | ||||||||
| Installation, maintenance and repair of renewable energy technologies | CCM 7.6 | 0.0% | 0 | 0 | E | ||||||||
| Sum of alignment per objective | |||||||||||||
| Total KPI | 15.5% | 0 | 0 | 15.5% | |||||||||
Accounting policy and calculations
The revenues, capital expenditure (CapEx) and operating expenditure (OpEx) denominator and numerator are based on the definitions 1.1.1, 1.1.2, and 1.1.3 as specified in Annex I in the Disclosures Delegated Act under Article 8 of the EU Taxonomy Regulation.
Calculation of turnover KPI
The denominator includes total revenues in the consolidated income statement. The numerator includes revenues from the sale of products, batteries and accessories that fulfill the eligibility criteria for EUST activities 3.6, 3.4, and 4.1. Revenues from aftermarket, service and Tools & Attachments are excluded, due to the uncertainty in definition. Under contextual information additional calculations are provided, which include revenues that are excluded from the formal disclosure, but still contribute to reducing CO2e emissions. Eligible revenues and additional revenues include equipment revenues only and do not include revenues from aftermarket. Aftermarkets represent around 2/3 of total revenues.
Calculation of capital expenditure (CapEx) KPI
The denominator includes the total additions and acquisitions of businesses as reported in Note 13 Intangible assets and Note 14 Property, plant and equipmen. The CapEx plan to allow Taxonomy-eligible activities to become aligned, is not included. The following four categories of capital expenditure were not included due to the uncertainties in scopes, definitions and available reporting guidance. 1) Capital expenditure related to assets or processes that are associated with the overall functioning of the company, 2) the purchase of output from taxonomy-eligible activities (except 7.3-7.6), 3) R&D into GHG reductions of non-eligible products and 4) climate change adaptation measures.
Calculation of operational expenditure (OpEx) KPI
The denominator includes operating expenditures associated with maintaining the value of the asset: a) Research and development expenses, b) Building renovation measures and c) Maintenance and repair. Excluded from the denominator are amortization, impairment and capitalized costs. Short-term leases and any other direct expenditures relating to the day-to-day servicing of assets of property, plant and equipment, have been excluded due to the uncertainties in scopes, definitions and available reporting guidance. The scope of categories b) and c) has been limited to only include the reporting entities representing the largest share of these types of expenses. This to balance the cost against the value of the data collection. The numerator includes operating expenditures that relate to an asset or process that is associated with the eligible equipment under EUST activity 3.6, EUST activity 3.4 and EUST activity 4.1. This includes, for example, operating expenditure in production facilities, production equipment, and in R&D. For assets or processes that are also associated with non-eligible products, an allocated share of the operating expenditure, based on the expected use/output of the asset or process, has been included. Operating expenditure related to EUST activities 7.3 to 7.6 from the Climate Delegated Act has also been included, based on point c in the definitions in 1.1.3. These are operating expenditure related to energy efficiency and renewable energy.
Contextual information
A conservative approach to the disclosure has been adopted due to uncertainty regarding several aspects of the EU Taxonomy. However, this section provides additional disclosure of revenues that contribute to reducing CO2e emissions, but are excluded from the formal disclosure:
- Revenues from all underground drilling equipment which uses electricity via cable while drilling.
- Range of surface drill rigs with significantly lower fuel consumption compared to other surface drill rigs.
Taxonomy-eligible activities and additional revenues amount to 12.0% (13.1%) of total revenues 61 998 MSEK (63 604 MSEK).