Understanding the terms

What is The European Green Deal?

The European Green Deal is a plan by the EU to make Europe the first climate-neutral continent by 2050. It aims to reduce greenhouse gas emissions, boost the use of renewable energy, and make the economy more sustainable. The deal covers various areas such as energy, transport, agriculture, and industry, with the goal of creating a cleaner and greener future for everyone.

The European Commission has put forward a series of proposals to align the EU's climate, energy, transport, and taxation policies to achieve a minimum 55% reduction in net greenhouse gas emissions by 2030, compared to 1990 levels.

What is EU Fit for 55?

The EU Fit for 55 is a package of legislative proposals aimed at reducing greenhouse gas emissions in the European Union by at least 55% by 2030 compared to 1990 levels. It includes various initiatives across different sectors like energy, transport, and buildings to help the EU achieve its climate goals and transition to a more sustainable future.

What is EU taxonomy?

EU Taxonomy is a classification system that helps to identify sustainable economic activities. It sets criteria for what can be considered environmentally sustainable, guiding investors and companies towards more sustainable practices. The goal is to promote green investments and contribute to the EU's goal of becoming climate-neutral by 2050.

What is CSRD?

CSRD, which stands for Corporate Sustainability Reporting Directive, is an EU legislation that aims to improve the transparency and consistency of sustainability reporting by companies.

It will require large companies to disclose information on their environmental and social impacts, helping investors and stakeholders make informed decisions about the company's sustainability practices. The goal is to drive companies towards more sustainable practices and contribute to a greener future.