About the Barometer
The European Sustainable Industry Barometer has been developed by CSR Europe in collaboration with V.E., part of Moody's ESG Solutions, in the framework of the European Pact for Sustainable Industry.
The Barometer contextualises the United Nations and the European Union's annual reports on SDG progress.
Key Takeaways
#1 The foundations for progress are set – but a transformation is likely needed
Industry Federations have set foundations for progress on Europe’s sustainability goals. However, a transformation towards being more “hands on” and “impact orientated” is needed if we are to achieve the objectives of the European Green Deal and SDGs.
#2 Climate Action is happening – but in a fragmented manner
Companies are increasingly exposed to climate controversies but the fragmentation between leaders and laggards across European sectors appears large and concerning. Industry federations are well positioned to bring stakeholders together to drive purpose and sector level improvements.
#3 Six years after their launch, a strategic approach on the SDGs remains hard to determine
V.E’s data on the Sustainable Development Goals indicates that progress remains uneven and is not moving fast enough to meet the ambitious goals set by the UN for 2030
What Comes Next?
Policy Recommendations to eu leaders from CSR Europe
#1 Enhance the maturity and integration of sustainability in European industry federations and associations.
CSR Europe calls upon the European Commission to support and anchor the European Pact for Sustainable Industry in the fabric of the European Green Deal and President von der Leyen’s “Whole Government Approach on SDGs”.
#2 Engage corporate
sustainability
leaders and industry federations in the EU Corporate Covenant on Climate Change & Energy
Through their supply chains and across their sectors, they can help many more enterprises, in particular SMEs, to benefit from the offerings of the EU Corporate Covenant and to join the efforts of mayors and cities in order to forge stronger public-private partnerships at local level.
#3 Support European Sector Alliances on Due Diligence
CSR Europe recommends that the EU couples the forthcoming European Directive on due diligence with ambitious measures to support the work of producers, engagements with governments in the global south and collaborations with all market stakeholders to address fundamental problems and develop the solutions for more sustainable local eco-systems.
Recommendations to Industry Federations from csr europe
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Want to learn more?
Contact Jan Noterdaeme, Senior Advisor, CSR Europe, for more information on the Barometer and the European Pact for Sustainable Industry.
Contact Keeran Gwilliam-Beeharee, Executive Director, V.E an affiliate of Moody’s, for more information on the V.E. methodology.