According to European Investment Bank (EIB), European Union (EU) firms continue to lead the fight against climate change compared to the US and across the EU.
A survey from EIB report 88% of the firms claim having taken action to address Greenhouse Gas (GHG) emissions with more than half of EU firms “having already invested in climate action.”
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Despite this, war in the Ukraine and subsequent economical shocks are “testing firms’ resilience.”
EIB further reported 53% of the firms are dealing with weather events’ impact, while 57% of these firms invest in energy efficiency. The survey further confirm 64% of them look at waste minimization and recycling while 32% consider less polluting business areas and tech.
Meanwhile, economic climate expectations have turned negative once again (declining from +27% to -53%).
Firms in the EU have made progress in climate action investment including both mitigation and adaptation-related activities.
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