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Recommendation

Company-focused initiatives mapping analysis and recommendations for an EU corporate covenant

DG Energy kicked off a long-prepared pilot project, the Corporate Covenant, to engage companies in the energy transition and related climate objectives as set out in the European Green Deal.

Details

Publication date
18 February 2022

Description

DG Energy kicked off a long-prepared pilot project, the Corporate Covenant, to engage companies in the energy transition and related climate objectives as set out in the European Green Deal.


As a first step in this process, a comparative analysis of existing Member State (MS), EU and sustainable development-related initiatives was carried out by the Joint Research Centre. A range of criteria, such as type of initiative, target group, topical focus, and incentives for participation was used for the comparison.


Building upon the outcomes of the analysis – and taking into account best practice processes, four potential options were developed:

  •  Supporting companies to develop accurate clean energy action plans through an MS and EU level clean energy advisory service
  •  Enabling MS to develop best practice voluntary agreements to support companies on the ground
  •  Providing support to companies directly through an EU-wide voluntary agreement programme (VAP)
  • Accelerating zero emission commitments 

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Company-focused initiatives mapping analysis and recommendations for an EU corporate covenant

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11 MAY 2023
The Corporate Covenant
English
(345.54 KB - HTML)
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