Delivering on the European Green Deal A Private Sector Perspective 2025

Endnotes 1. International Energy Agency. (2023). CO2 emissions in 2023. https://iea.blob.core.windows.net/assets/33e2badc-b839-4c18-84ce-f6387b3c008f/CO2Emissionsin2023.pdf. 2. Statista. 2024. Carbon dioxide emissions in the European Union from 1965 to 2023. https://www.statista.com/statistics/450017/co2-emissions-europe-eurasia/. 3. European Commission. (2023). The future of European competitiveness: A competitiveness strategy for Europe. https:// commission.europa.eu/document/download/97e481fd-2dc3-412d-be4c-f152a8232961_en?filename=The%20 future%20of%20European%20competitiveness%20_%20A%20competitiveness%20strategy%20for%20Europe.pdf. 4. International Monetary Fund. (2024). Real GDP growth, World Economic Outlook (October 2024). https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/WEOWORLD/EU. 5. European Commission. (n.d.). The European Green Deal. https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal_en. 6. European Commission. (2023). The future of European competitiveness: A competitiveness strategy for Europe. https://commission.europa.eu/document/download/97e481fd-2dc3-412d-be4c-f152a8232961_en?filename=The%20 future%20of%20European%20competitiveness%20_%20A%20competitiveness%20strategy%20for%20Europe.pdf. 7. Heussaff, C., Emmerling, J., Luderer, G., Pietzcker, R., Reissl, S., Rodrigues, R., and Way, R. (2024). Europe’s 2040 climate target: four critical risks and how to manage them. Bruegel. https://www.bruegel.org/policy-brief/europes-2040- climate-target-four-critical-risks-and-how-manage-them. 8. World Economic Forum and Accenture analysis of ESG Book data. 9. Eurostat. (2024). Quarterly greenhouse gas emissions in the EU: Emissions by economic activity. https://ec.europa.eu/ eurostat/statistics-explained/index.php?title=Quarterly_greenhouse_gas_emissions_in_the_EU#Emissions_by_economic_ activity. 10. World Economic Forum. (2024). Business’s 4 priorities for a green and competitive EU. https://www.weforum.org/agenda/2024/09/eu-deal-green-competitive-sustainable-business/. 11. Ibid. 12. World Economic Forum and Accenture survey of companies; World Economic Forum and Accenture interviews with the CEO Action Group executives. 13. Jamison, S., Macchi, M., Bermudez Neubauer, M. and Moussavi, B. (2024). Destination Net Zero 2024. Accenture. https://www.accenture.com/content/dam/accenture/final/accenture-com/document-3/Accenture-Destination-Net- ZeroFinal-Report.pdf#zoom=40. 14. World Economic Forum and Accenture analysis of ESG Book data. 15. Ibid. 16. Ibid. 17. Private sector for Europe defined as all economic sectors excluding households as per Eurostat data. 18. Eurostat. (2024). Air emissions accounts for greenhouse gases by NACE Rev. 2 activity - quarterly data. https://ec.europa.eu/eurostat/databrowser/view/env_ac_aigg_q__custom_13481533/default/table?lang=en. 19. Private sector US and China defined as all economic sectors excluding residential as per Energy Information Administration (EIA) and International Energy Agency (IEA) data. 20. U.S. Energy Information Administration. (2024). U.S. Energy-Related Carbon Dioxide Emissions, 2023. https://www.eia.gov/environment/emissions/carbon/. 21. International Energy Agency. (2024). China Country Profile for Emissions. https://www.iea.org/countries/china/emissions.https://www.iea.org/countries/china/emissions 22. Jamison, S., Macchi, M., Bermudez Neubauer, M. and Moussavi, B. (2024). Destination Net Zero 2024. Accenture. 23. Ibid. 24. International Energy Agency. (2024). World Energy Outlook 2024. https://www.iea.org/reports/world-energy- outlook-2024. 25. World Economic Forum and Accenture analysis of ESG Book and SBTi data. 26. Jamison, S., Macchi, M., Bermudez Neubauer, M. and Moussavi, B. (2024). Destination Net Zero 2024. Accenture. 27. World Economic Forum and Accenture analysis of ESG Book data. 28. Ibid. 29. Ibid. 30. Ibid. 31. Ibid. 32. Ibid. 33. Ibid. Delivering on the European Green Deal: A Private Sector Perspective 35