Delivering on the European Green Deal A Private Sector Perspective 2025

Challenge Recommendations Public sector Private sector Transparency of climate reporting –Consider centralizing GHG tracking with the help of new technologies Addressing the root causes of emissions by leveraging key decarbonization levers –Identify the main drivers of emissions across value chains –Quantify the impact of these drivers on overall emissions –Identify evidence-based solutions –Set specific measurements that support the implementation and execution of the identified solutions Development of global standards –Develop global sustainability standards based on an internationally accepted baseline, ideally with internationally recognized standardization bodies –Ensure compatibility and complementarity of these standards with regional and national regulations –Leverage diplomacy to sign multilateral agreements with third parties on standards’ implementation and recognition Continuous private-public feedback loops –Set up sectoral fora for continuous public-private dialogue, similar to the Clean Industry Dialogues –Run regular business surveys on the economic and regulatory environment of the EU –Define means of measuring regulatory success, based in part on business input –Regularly measure success against agreed criteria. –Ensure private sector involvement in Global Gateway priorities and co-design of joint investment projectsTABLE 2 Recommendations: decarbonizationExisting foundation for GHG emission tracking Enablers of comprehensive environmental reporting Duke Energy teamed up with Accenture, Avanade and Microsoft to create a cloud platform to track methane emissions from natural gas assets.60 The platform gathers real-time data using satellites, aircraft and ground sensors. By leveraging digital technologies such as cloud computing, AI, and IoT sensors, it assists companies in meeting regulatory standards and achieving sustainability goals, while integrating various data streams to optimize emissions management.61Satellites provide additional types of data that can be included in environmental reporting: –CO2 emissions62 –Energy efficiency63 –Land use details and forest asset management64 –Water quantity and quality65 –Chemical analyses of land and water66 –Biodiversity protection through plant disease detection67TABLE 1 Automated environmental reporting case study Source: Accenture, Microsoft, Planet Labs, Pixxel, Satelytics. Delivering on the European Green Deal: A Private Sector Perspective 12