Delivering on the European Green Deal: A Private-Sector Perspective

Detalles

The EU's bold ambitions, enshrined in the European Green Deal, require broad stakeholder engagement. In particular, to drive effective joint action, it is necessary to actively include the private sector in the dialogue to ensure that these goals are met.

Using examples and experiences from members of the World Economic Forum's CEO Action Group for the European Green Deal, this report examines the actions taken by member companies in various areas of the European Green Deal, framing the Group's specific perceptions in a broader market context.

The analysis reveals that the members of the action group are carrying out actions to meet the objectives of the European Green Deal. In the areas of climate and energy, 97% and 82% of companies have set measurable targets in these two categories respectively, and the European private sector outperforms the European private sector in the area of R+D expenditure.

In other areas, such as biodiversity and increasing sustainable finance, companies are willing to do more, but face challenges in taking measurable action.

The report reveals that 73% of companies have strategic objectives to minimise the impact on biodiversity, while 15% of them set objectives in this area.

The report's findings are used to make recommendations for the EU and national governments, but also to indicate where the private sector can help policymakers maintain momentum for Europe's green transition.