CEOs' action tank to tackle EU sustainability with €100bn

Ten European business leaders are heading an investment of invest €100bn to decarbonise their companies and products under the CEO Alliance for Europe’s Recovery, Reform and Resilience ‘action tank’.

The ten leaders compriseof Björn Rosengren (ABB), Thierry Vanlancker (AkzoNobel), Francesco Starace (ENEL), Leonhard Birnbaum (E.ON), Ignacio Galán (Iberdrola), Søren Skou (Maersk), Christian Klein (SAP), Henrik Henriksson (Scania), Jean-Pascale Tricoire (Schneider Electric) and Herbert Diess (Volkswagen).

This CEO Alliance formed in 2020 against the backdrop of the COVID-19 pandemic and the European Green Deal and have published a joint position paper stating: “We firmly believe that the EU Green Deal and Next Generation EU will put Europe’s innovation and business ingenuity to the service of the global climate cause, will kick-start a wave of investments into sustainability and resilience and will create future-proof jobs across the EU.”

The CEOs encourage EU policy makers to take bold steps towards climate neutrality such as “continuing to pursue a standardised cross-sector CO2 price” and “setting end-dates for carbon-intense technologies”.

The CEO Alliance considers itself an ‘action tank’, working together in concrete joint projects: Cross-EU charging infrastructure for heavy duty transport, integration of EU Power systems, digital carbon footprint tracking, sustainable healthy buildings, e-buses for Europe, green hydrogen value chain and rapid build-up of battery production.

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