- Publication date
- 18 February 2022
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