Mandate Letter from Ursula von der Leyen, to Teresa Ribera Rodriguez.
The president indicates that Europe needs a new approach to competition policy, having to work with other commissioners to comply with the regulation and work with the vice-president for Prosperity and Industrial Strategy and with the Commissioner for Climate, Net Zero and Net Growth, implement the objectives of the 2030 agenda, lower energy prices and, […]
Implementation Guide. Materiality analysis.
The purpose of this Guide is to support the implementation activities of the ISIS with respect to the analysis of double materiality, but it does not introduce new stipulations, and where the content is considered to contradict the requirements of the ISS, the requirements shall prevail. Due to the nature of NEIS, there is no […]
Questions and answers about the CBAM.
In the latest version of the document, answers have been updated and new questions have been added, such as: What is the role of the EORI number?, What is considered a shipment?, What should I do if the operator who produced the goods no longer exists at the time of import?, Can the absorption rule […]
Turning hydrogen demand into reality: which sectors will emerge first?
Current global hydrogen production methods generated more than 900 Mt of CO₂ emissions in 2022, more than maritime emissions of 706 Mt. Hydrogen demand could double by 2040, with most of the additional demand coming from industrial sectors and acting as a baseload, while the rest would come from new industrial uses and a small […]
The EU continues to phase out ozone-depleting gases.
The European Environment Agency has published new data collected by companies on the use of ozone-depleting substances. The data shows how the EU has met its obligations and tracks progress on the more ambitious Ozone Regulation. In 2023, the consumption of ozone-depleting substances in the EU stood at +1,306 metric tonnes, compared to -2,954 tonnes […]
Second report on the identification of the needs of developing country Parties in relation to the implementation of the Convention and the Paris Agreement.
The information is broken down by budgeted and unbudgeted needs, time frame, theme and sector, geography and means of implementation. The sources of information are country reports, including adaptation communications, update reports, development strategies, adaptation plans, communications, nationally determined contributions, technology action plans and technology needs assessments.
State of the Energy Union Report 2024.
The report is structured in two parts. The first part shows how the high energy and climate ambition under the European Green Deal and the REPowerEU Plan laid the foundation for the EU’s crisis response strategy. The second part analyses the state of play of the implementation of the Energy Union in its five dimensions: […]
Contracts for renewable electricity. EFRAG’s Letter of Final Comments.
On July 31, 2024, EFRAG published its final letter of comments on the IASB Draft Standard: Renewable Electricity Contracts. This comment statement summarises the main comments received by EFRAG on its draft comment letter and explains how EFRAG took these comments into account during its technical discussions leading to the publication of EFRAG’s final comment […]
Results on the environmental observations of the European Green Deal.
This CORDIS results package presents 11 Horizon research projects that provided tailor-made tools and services to enable businesses to master their green transition. The objectives of the European Green Deal are supported by helping organisations to save energy, reduce emissions, safeguard biodiversity and develop systemic solutions that provide multiple benefits and protect their operations from […]
Materiality Assessments in Corporate Sustainability and Financial Reporting: Connectivity, Practices, Processes, and Challenges.
There are three approaches to materiality that are being adopted by sustainability reporting standards. The Global Reporting Initiative takes an impact materiality approach. However, the International Sustainability Standard Board suggests a financial materiality approach, while the European Commission and EFRAG seek to operationalize both impact materiality and financial materiality through their concept of double materiality.
