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ESG Survey
Category: ESG Europe
At the Our Ocean Conference in Greece, the European Union is confirming its strong engagement for international ocean governance by announcing 40 commitments for action for 2024. These actions will be funded by €3.5 billion from...
The Council formally adopted a revised directive on the energy performance of buildings. The directive will help reduce greenhouse gas emissions and energy poverty in the EU. Zero-emission buildings by...
Climeworks, the global leader in carbon dioxide removal (CDR) via DAC+S technology, has been awarded 2.2m CHF (26m NOK) in funding from Enova, at 50 percent funding intensity, in the...
MEPs adopted plans to facilitate the uptake of renewable and low-carbon gases, including hydrogen, into the EU gas market. The new directive and regulation on the gas and hydrogen markets...
The law will set up an EU certification framework for carbon removals to boost their uptake and help achieve EU climate neutrality by 2050. Parliament on Wednesday adopted the provisional...
Key Impact Points: Verein KlimaSeniorinnen Schweiz and Others v. Switzerland In a groundbreaking decision, the European Court of Human Rights (ECHR) has issued a landmark ruling in a climate case...
A majority (70%) of European companies align less than 25% of their capital expenditures (CapEx) toward transitioning towards a net-zero economy, new analysis by CDP and Oliver Wyman reveals. Meanwhile,...
The Republic of Iceland issued a green bond in the amount of 750 million euros, the equivalent of ISK 111 bn. The bond bears a 3.5% fixed rate coupon, a...
Europe continued its leadership in sustainability policy with the approval of the Corporate Sustainability Due Diligence Directive (CS3D) late last week. The new policy requires companies to identify and mitigate...
The Federal Government believes that Germany’s climate targets for 2030 are achievable. “Providing we stay on course, we are set to achieve our 2030 climate targets,” said Economics and Climate...
The Principles for Responsible Investment (PRI) has published its 2030 EU Policy Roadmap, outlining key recommendations for European policy makers to accelerate private investment in the economic transition. The report presents...
On Wednesday, Parliament adopted its proposals to better prevent and reduce waste from food and textiles across the EU. MEPs adopted their first reading position on the proposed revision of the Waste...
Parliament has adopted its position on establishing a verification and pre-approval system for environmental marketing claims to protect citizens from misleading ads. The green claims directive would oblige companies to...
Parliament and Council reached a provisional agreement on revamped rules to reduce, reuse and recycle packaging, increase safety and boost the circular economy. The new measures aim to make packaging...
A recent Bloomberg survey of roughly 200 European financial market participants reveals a growing concern: managing the ever-increasing volume of ESG data. The survey, conducted throughout 2023 and encompassing respondents...
Wind turbines that use sensors to optimally adapt their rotor blades to the wind strength, fields that are fertilized more economically based on satellite data, factories that produce highly efficiently...
The Puglia Green Hydrogen Valley is part of the 33 projects included by the European Commission in Hy2Infra, the third Important Project of Common European Interest (IPCEI) to support the...
Following a dialogue with the Commission and national consumer authorities, Zalando has committed to removing misleading sustainability flags and icons displayed next to products offered on its platform. Such claims...
The Commission is investing over €233 million in twelve new Strategic Projects across Europe under theLIFE programme to support the implementation of the EU’s environmental and climate ambitions under the European Green Deal....
The new law aims to reduce air pollution in the EU to achieve a clean and healthy environment for citizens as well as zero air pollution by 2050. Negotiators from...
The pivotal role of civil society in driving forward the implementation of the United Nations Sustainable Development Goals (SDGs) took centre stage during the plenary session of the European Economic...
The Environment Committee adopted its proposals to better prevent and reduce waste from food and textiles across the EU. On Wednesday, MEPs in the Environment Committee adopted their position on...
PFZW completed the two-year engagement programme targeting fossil fuel companies at the end of 2023. Seven listed oil and gas companies with a compelling climate transition strategy will remain part...
The PPA (Power Purchase Agreement) provides for the supply of energy for 10 years through Iberdrola’s photovoltaic plants. Iberdrola continues its commitment to the decarbonisation of the planet. The company will supply...
Europe announced a sweeping new proposal to cut greenhouse gas emissions by 90% by 2040, ahead of their 2050 carbon-neutral goal. The European Commission made the announcement on Tuesday ahead...
Google’s AI is being used to tackle the emissions issue in European skies, offering a cost-effective solution called “Contrail Avoidance.” This technology allows airlines to identify optimal changes in flight...
The Minister of Climate Action, Food, and Rural Agenda, David Mascort i Subiranas, and the Vice President and Minister for Ecological Transition and Demographic Challenge of the Spanish Government, Teresa...
Paris, the host city for the upcoming Olympic Games, has taken a significant step towards a greener future by voting to triple parking charges for some SUVs in its central...
This week, tractors blocked highways across France, conducting “the siege of Paris,” partly in protest of unfair environmental standards driven by the EU Green Deal. Similar protests were seen across...
EIB President Nadia Calviño announced today in Madrid that the European Investment Bank Group had signed new financing worth around €11.4 billion in Spain in 2023. This financing went to high-impact projects...
57% of the energy mix covered by photovoltaics, wind, and hydroelectric power 2023 marked a historic milestone in Greece’s clean energy production, with 57% of the energy mix being supplied by...
Ørsted has entered into an agreement with Danish district heating companies VEKS and CTR to utilise surplus heat from carbon capture at Avedøre Power Station. The surplus heat will provide...
In a major push towards its ambitious carbon neutrality goals, Google has announced a series of power purchase agreements that secure over 700 megawatts of clean energy across Europe. This...
The European Central Bank (ECB) has decided to expand its work on climate change, identifying three focus areas that will guide its activities in 2024 and 2025: “A hotter climate...
IEA Executive Director Fatih Birol addressed heads of state and government from African countries and around the world on the importance of secure and sustainable energy supplies in underpinning economic...
“This is a real partnership to decarbonise and seize new opportunities. Many companies also share this commitment, and that is why we are reaching agreements among ourselves and with the...
The European Financial Reporting Advisory Group (EFRAG) has launched a public consultation on two draft sustainability reporting standards for small and medium-sized enterprises (SMEs): the Exposure Draft ESRS for listed...
Fastmarkets, one of the industry’s leading cross-commodity price-reporting agencies (PRA), announces the launch of a new European reduced carbon emissions flat steel price. This new price, which is for domestically...
Key findings The EU’s progress in reducing emissions has accelerated significantly in 2023. A new research paper produced by the Center for Research on Energy and Clean Air (CREA) found...
Plenitude has reached an agreement with BlueFloat Energy and Sener Renewable Investments to join their strategic partnership to advance the development of offshore wind projects in Spain. The agreement with...
EIT InnoEnergy,the innovation engine for sustainable energy supported by the European Institute of Innovation & Technology (EIT), a body of the European Union (EU), and Demeter Investment Managers, a major...
Key Impact Points Europe must transition towards greater sovereignty in defence, clean energy generation and essential technologies, including artificial intelligence (AI), quantum and semiconductors, announced President Emmanuel Macron of France...
Key Impact Points: The new rules would make it easier for persons with disabilities to travel in the EU by ensuring access to special conditions, including parking, in all member...
Key Impact Points: A.P. Moller – Maersk, one of the founding members of the Green Fuels Alliance India, will take a seat on the steering committee as one of the...
Soltec Power Holding and CIP announced CIP’s 100% ownership acquisition of the Soltec Danish solar PV project portfolio. CIP’s Energy Transition Fund I (CI ETF I) will obtain 100% ownership...
The European Union will begin an anti-dumping investigation into biodiesel imports from China, which the bloc’s industry said has slashed domestic production. In August, it began investigating whether biodiesel from...
Emeren Group Ltd, a leading global solar project developer, owner, and operator, announced the successful purchase of an 86 MWp utility-scale solar project portfolio in Spain from Negratin Global Services, an industrial...
The facility will have a capacity of 86.4 megawatts (MW) and will have more than 160,000 photovoltaic modules. Iberdrola has obtained environmental approval for Spain’s first hybrid photovoltaic and hydroelectric plant with...
The European Commission has approved, under EU State aid rules a €17.7 billion Italian scheme to support the construction and operation of a centralised electricity storage system. The measure contributes...
The European Commission has approved, under EU State aid rules, a €1.3 billion French scheme to support the development of non-fossil flexibility technologies to ensure that the electricity supply matches...
The EIB Group — made up of the European Investment Bank (EIB) and European Investment Fund (EIF) — have signed with Santander a new synthetic securitisation transaction with the final objective...
Tapping Georgia’s vast renewable potential, developing its transport and logistics infrastructure, and supporting digital businesses could boost the country’s productivity and economic competitiveness, helping the country reach high-income status, according to...
The European Investment Bank (EIB) and VGP Renewable Energy N.V. signed a €150 million framework loan that will support solar panel installation on the roofs of VGP’s logistics centres across the...
Road vehicles to stay cleaner for longer, to improve air quality On Monday, Parliament and Council reached a provisional agreement on new rules to reduce road transport emissions for passenger...
The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published a joint report on the impact of climate change on the European Union (EU) financial system. The report sets...
The significance of anti-bribery compliance In an increasingly globalised business landscape, anti-bribery compliance is crucial. It fosters ethical business practices, safeguards your organisation from legal repercussions and reputational damage due...
Apollo Clean Transition Equity ELTIF to provide European investors greater access to clean transition investments across private markets Launch supports Apollo’s goal of deploying $50B in clean energy and climate...
Estonia, a nation renowned for its resilience and pioneering innovation, is taking centre stage at the imminent COP28 in Dubai. Committed to addressing the pressing global climate crisis, Estonia aims to align with international climate...
A carbon-free global economy requires the phase-out of fossil fuel subsidies. That’s why the Glasgow Climate Summit in 2021 agreed to phase out inefficient fossil fuel subsidies, on the back...
Funding Will Help Meet the Growing Demand for BeCause Solutions from Global Travel Brands and Enterprise Companies BeCause, the Danish start-up transforming how the global hospitality, travel and tourism industries...
Amazon is accelerating its transition to sustainable logistics in Europe, significantly increasing its reliance on rail and sea transport. This eco-friendly shift not only reduces the company’s carbon footprint by...
A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will enter service on the...
Ørsted is embarking on the construction of two carbon capture (CCS) facilities designed to capture and store carbon emissions from the woodchip-fired Asnæs Power Station in Kalundborg and the straw-fired...
New cooperation agreement reached, as GRI-ESRS Interoperability Index is made publicly available Following a successful partnership between EFRAG and GRI over the past three years, a new Memorandum of Understanding...
The new DHL Europe Innovation Center will serve as a hub for trend research and technology development, providing innovative solutions to assist customers and partners in navigating their logistics journey....
Preem’s Board of Directors has decided to invest approximately SEK 5.5 billion to repurpose the existing refinery in Lysekil. The investment represents an important milestone on Preem’s transition journey, as the company...
Iberdrola is proud to contribute to the UK’s leadership in energy security and decarbonisation. With stable and predictable regulatory frameworks in place in the country, we are more committed than...
Over the past several years, BNP Paribas has been very active in Sustainability-Linked Loans (SLL), which aim to foster companies to improve their ESG performance by directly linking the financial conditions...
European deliveries are packed in recyclable paper bags, cardboard envelopes and boxes – or no added packaging at all. All our delivery packaging in Europe—the boxes, bags and envelopes needed...
The year is 2013 and I am running for Member of Parliament as a Green party rep in my home country. I realise 2 things- environmental concerns are not among...
Ericsson has successfully placed a green Euro-denominated 500 million 4.5-year bond. The bond was issued under Ericsson’s Euro Medium Term Note Program (EMTN). The issue follows a well-attended road show,...
Parliament adopted its demands for the UN Climate Change Conference COP28, which will review progress on the implementation of the Paris Agreement. With 462 votes in favour, 134 against and...
The German government has pledged to invest €4 billion in African green energy projects until 2030. The announcement was made by Chancellor Olaf Scholz at the G20 Compact with Africa...
Parliament has adopted its position on a new EU certification framework for technological and natural carbon removals to help achieve EU climate neutrality by 2050. With 448 votes to 65...
• The third green issue of the year has set a coupon of 4.183%.• The company is making progress on its renewed objective of having around 40% of its financing...
Eneco has submitted its planning application for the construction of the ‘Eneco Electrolyzer’, a green hydrogen production plant in Rotterdam’s Europoort industrial area. Green hydrogen is produced using electricity generated...
Accelerating growth of wind and solar PV while increasing electrification and encouraging uptake of low-emissions transport are vital areas for country’s energy transition Estonia’s ambitious targets for a climate neutral...
The European Investment Bank (EIB) and the French region of Nouvelle-Aquitaine signed a €500 million framework finance contract to promote carbon-free transport. This investment aims to improve rail service quality in...
Europe’s young adults face a daunting future, have a firm understanding of the world they want to live in, but fear strong forces are working against them. Their challenge is...
In the second quarter of 2023, EU economy greenhouse gas emissions totalled 821 million tonnes of CO2-equivalents (CO2-eq), a -5.3% decrease compared with the same quarter of 2022 (867 million tonnes of CO2-eq). In the...
Liquid Wind announces a further strengthening of its partnership with pan-European decarbonization leaders to include plans of developing and marketing 10 additional eMethanol facilities in the Nordics by 2027. The Partnership...
The Environment Committee adopted its demands for the UN Climate Change Conference COP28, which will take stock of the progress on implementing the Paris Agreement. With 56 votes in favour,...
BEUC and member organisations* from 13 countries have reported to EU authorities misleading commercial claims about the recyclability of their products by major drinking water bottle traders, such as Coca-Cola,...
After obtaining the necessary regulatory approvals, the companies have closed the agreement announced last July to co-invest in the Baltic Eagle offshore wind farm, which has a capacity of 476...
SEC Chair Gary Gensler was forced once again to come to the defense of the Commission’s long-awaited climate disclosure rule. This time, it was in front of a US Chamber of Commerce...
Francis has been vocal about climate issues in recent years Pope Francis will attend the Cop28 climate summit in Dubai next month, marking the first time a pontiff has participated...
Google Cloud and Polsat Plus Group (GPP) have announced strategic partnership where Google will sign its first, in Poland, agreement for the purchase of clean and green electricity. Thanks to...
Iberdrola has installed the largest solar community in Spain at the Nexum Retail Park, located in Fuenlabrada (Madrid). This form of self-consumption will allow 1,100 families living within a maximum of two kilometres of...
The legislation voted on by the Industry Committee on 25 October 2023, is intended to bolster Europe’s manufacturing output in technologies needed for decarbonisation. The “Net-Zero industry act” sets a...
Ireland has the potential to develop a sustainable aviation fuel (SAF) industry generating revenue of €2.55 billion by 2050 and providing up to 1,000 high-skilled jobs. These are the findings...
The Federal Department of Finance (FDF) will draw up a proposal for implementing the Federal Council’s position on the prevention of greenwashing. Accordingly, the FDF informed the Federal Council at...
The A2A Group, one of Italy’s largest players in the energy transition, and Enfinity Global Inc, a leader in renewable energy, announced the signing of a Power Purchase Agreement (PPA) for three...
The Council adopted a regulation creating a European green bond standard. The regulation lays down uniform requirements for issuers of bonds that wish to use the designation ‘European green bond’...
Copenhagen Infrastructure Partners has reached final close for its two new funds, CI Advanced Bioenergy Fund I (CI ABF I) and CI Green Credit Fund I (CI GCF I) with...
Amazon’s European renewable energy projects created €2.4 billion in economic investment, and more than 3,900 jobs in 2022 alone. Amazon announced that the company added 39 new renewable energy projects...
Has the ESG backlash hit Europe? After spearheading the climate and sustainability agenda for years, a proposal to block Europe’s ESG reporting rules was narrowly defeated, and another proposal to...
The EU Council has reached an agreement (‘general approach’) on a proposal to update and strengthen the regulation on CO2 emission standards for heavy-duty vehicles. The aim of the proposal is...
Axpo subsidiary CKW and Leuk TDC are breaking new ground in photovoltaics with satellite dishes converted into solar systems. At 1,000 metres above sea level, Leuk TDC is largely self-sufficient...
The EU Commission is proposing for the first time measures to prevent microplastic pollution from the unintentional release of plastic pellets. Currently, between 52 and 184 thousand tonnes of pellets are...
Cepsa has begun to search for and develop projects for the construction and operation of biomethane production plants from agricultural and livestock waste to decarbonize its industrial activity, replacing the...
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