Green recovery hinges on the right data

(EurActiv, 25 May 2020) EU policymakers are promoting a green recovery. A public-private agency rating companies’ climate performance would help keep it on track, argue Steven Tebbe and Laurent Babikian.

Steven Tebbe is managing director at CDP Europe, an organisation aiming to make environmental reporting and risk management a business norm. Laurent Babikian is director for investor engagement CDP Europe.

EU leaders are clear that the long-term economic response to the coronavirus crisis should use the European Green Deal framework, which targets climate-neutrality by 2050.

This ambition is needed, as our future economic prosperity depends on it. Stimulus packages for companies should include green conditions, such as targets to cut emissions or earmarking capital for low carbon projects. Oxford research says a green recovery offers the best economic returns for public spending.

CEOs from many of Europe’s biggest firms have agreed, joining alliances championing a new, resilient economy. Investors are warning companies not to lose focus on climate action.

External link

EurActiv, 25 May 2020: Green recovery hinges on the right data