EU 2024 ESG Regulatory Outlook
Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you acknowledge our privacy policy and consent to the use of cookies.  Our Privacy Policy has been updated! Detailed information on the use of cookies on this site is provided in our cookie policy and our privacy policy. 
TCB Tourch
Loading...
  • logoImage
  •  
    • US
    • EUROPE
    • ASIA

  • 2

    Close
    • Insights
        • Insights
        • Explore by Center
          • Explore by Center

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital
        • Explore by Content Type
          • Explore by Content Type

          • Reports

          • Webcasts

          • Podcasts

          • Charts & Infographics
        • Trending Topics
          • Trending Topics

          • Artificial Intelligence (AI)

          • 2024 Elections

          • Geopolitics

          • US Economic Forecast

          • Sustainability

          • Future of Work
    • Events
        • Events
        • Upcoming Events
          • Upcoming Events

          • Asia | Europe DEI Dialogue 2024

          • 2025: A Year In Preview

          • Future: Reward Europe 2025

          • CHRO Summit

          • Explore all Upcoming Events

        • Member-Exclusive Programs
          • Member-Exclusive Programs

          • Center Briefings

          • Experts Live

          • Roundtables

          • Working Groups

          • Expert Briefings

    • Data
        • Data

        • Consumer Confidence Index

        • Data Central

        • TCB Benchmarking

        • Employment Trends Index

        • Global Economic Outlook

        • Leading Economic Indicators

        • Help Wanted OnLine

        • Labor Markets

        • Measure of CEO Confidence

        • Human Capital Benchmarking &
          Data Analytics

        • CMO+CCO Meter Dashboard

    • Centers
        • Centers
        • Our Centers
          • Our Centers

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital
        • Center Membership
          • Center Membership

          • What Is a Center?

          • Benefits of Center Membership

          • Join a Center

    • Councils
        • Councils
        • Find a Council
          • Find a Council

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital
        • Council Membership
          • Council Membership

          • What is a Council?

          • Benefits of Council Membership

          • Apply to a Council

    • Membership
        • Membership
        • Why Become a Member?
          • Why Become a Member?

          • Benefits of Membership

          • Check if Your Organization is a Member

          • Speak to a Membership Associate
        • Types of Membership
          • Types of Membership

          • Council

          • Economy, Strategy & Finance

          • Environmental, Social & Governance

          • Human Capital

        • Already a Member?
          • Already a Member?

          • Sign In to myTCB™

          • Executive Communities

          • Member-Exclusive Programs

    • About Us
        • About Us
        • Who We Are
          • Who We Are

          • About Us

          • In the News

          • Press Releases

          • Our History

          • Support Our Work

          • Locations

          • Contact Us

        • Our Community
          • Our Community

          • Our Leadership

          • Our Experts

          • Trustees

          • Voting Members

          • Global Counsellors

          • Careers

          • This Week @ TCB

    • Careers
    • This Week @ TCB
    • Sign In to myTCB™
      • US
      • EUROPE
      • ASIA
    • Insights
      • Insights
      • Explore by Center
        • Explore by Center

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital

      • Explore by Content Type
        • Explore by Content Type

        • Reports

        • Webcasts

        • Podcasts

        • Charts & Infographics

      • Trending Topics
        • Trending Topics

        • Artificial Intelligence (AI)

        • 2024 Elections

        • Geopolitics

        • US Economic Forecast

        • Sustainability

        • Future of Work

    • Events
      • Events
      • Upcoming Events
        • Upcoming Events

        • Asia | Europe DEI Dialogue 2024

        • 2025: A Year In Preview

        • Future: Reward Europe 2025

        • CHRO Summit

        • Explore all Upcoming Events

      • Member-Exclusive Programs
        • Member-Exclusive Programs

        • Center Briefings

        • Experts Live

        • Roundtables

        • Working Groups

        • Expert Briefings

    • Data
      • Data

      • Consumer Confidence Index

      • Data Central

      • TCB Benchmarking

      • Employment Trends Index

      • Global Economic Outlook

      • Leading Economic Indicators

      • Help Wanted OnLine

      • Labor Markets

      • Measure of CEO Confidence

      • Human Capital Benchmarking & Data Analytics

      • CMO+CCO Meter Dashboard
    • Centers
      • Centers
      • Our Centers
        • Our Centers

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital

      • Center Membership
        • Center Membership

        • What is a Center?

        • Benefits of Center Membership

        • Join a Center

    • Councils
      • Councils
      • Find a Council
        • Find a Council

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital
      • Council Membership
        • Council Membership

        • What is a Council?

        • Benefits of Council Membership

        • Apply to a Council

    • Membership
      • Membership
      • Why Become a Member?
        • Why Become a Member?

        • Benefits of Membership

        • Check if Your Organization is a Member

        • Speak to a Membership Associate

      • Types of Membership
        • Types of Membership

        • Council

        • Economy, Strategy & Finance

        • Environmental, Social & Governance

        • Human Capital

      • Already a Member?
        • Already a Member?

        • Sign In to myTCB™

        • Executive Communities

        • Member-Exclusive Programs
    • About Us
      • About Us
      • Who We Are
        • Who We Are

        • About Us

        • In the News

        • Press Releases

        • This Week @ TCB

        • Our History

        • Support Our Work

        • Locations

        • Contact Us

      • Our Community
        • Our Community

        • Our Leadership

        • Our Experts

        • Trustees

        • Voting Members

        • Global Counsellors

        • Careers

        • This Week @ TCB

    • Careers
    • Sign In to myTCB™
    • Download TCB Insights App
  • Insights
    Insights

    Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years.

    Explore All Research

    Economic Indicators

    • Explore by Center
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    • Explore by Content Type
    • Reports
    • Webcasts
    • Podcasts
    • Charts & Infographics
    • Trending Topics
    • Artificial Intelligence (AI)
    • 2024 Elections
    • Geopolitics
    • US Economic Forecast
    • Sustainability
    • Future of Work
  • Events
    Events

    Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners.

    See Everything Happening This Week

    Sponsor a Program

    • Upcoming Events

      • Asia | Europe DEI Dialogue 2024

      December 04, 2024

      2025: A Year In Preview

      February 04 - 05, 2025

      Future: Reward Europe 2025

      June 05 - 06, 2025

    •  

      • CHRO Summit

      June 24, 2025

    Explore all Upcoming Events

    • Member-Exclusive Programs
    • Center Briefings
    • Experts Live
    • Roundtables
    • Working Groups
    • Expert Briefings
    • Explore by Type
    • Events
    • Webcasts
    • Podcasts
    • Member-Exclusive Programs
    • Center Briefings
    • Experts Live
    • Roundtables
    • Working Groups
    • Expert Briefings
  • Data
    TCB Benchmarking

    Real-time data & analytical tools to benchmark your governance, compensation, environmental and social practices against US public companies

    Economic Data

    Consumer Confidence Index

    US consumers' thoughts on the economy, jobs, finances and more

    Data Central

    One-stop, member-exclusive portal for the entire suite of indicators

    Labor Markets

    Covering all aspects of labor markets, from monthly development to long-term trends

    Measure of CEO Confidence

    Examines the health of the US economy from the perspective of CEOs

     

    Employment Trends Index

    Monthly, forward-looking composite of eight proven labor-market indicators

    Global Economic Outlook

    Track the latest short-, medium-, and long-term growth outlooks for 77 economies

    Leading Economic Indicators

    Track the state of the business cycle for 12 global economies across Asia and Europe

    Help Wanted OnLine

    Track the status of job markets across the US through online job listings

    Other Featured Data

    Human Capital Analytics Tools

    Tools to understand human capital management and corporate performance

    CMO+CCO Meter Dashboard

    Tracks the impact, resources, and satisfaction of CMOs and CCOs

  • Centers
    Centers

    Centers offer access to world-class experts, research, events, and senior executive communities.

    Our Centers
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    Center Membership
    • What Is a Center?
    • Benefits of Center Membership
    • Join a Center
  • Councils
    Councils

    Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function.

    Find a Council
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    Council Membership
    • What Is a Council?
    • Benefits of Council Membership
    • Apply to a Council
  • Membership
    Membership

    Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth.

    • Why Become a Member?
    • Benefits of Membership
    • Check if Your Organization is a Member
    • Speak to a Membership Associate
    • Types of Membership
    • Council
    • Economy, Strategy & Finance
    • Environmental, Social & Governance
    • Human Capital
    • Already a Member?
    • Sign in to myTCBTM
    • Executive Communities
    • Member-Exclusive Programs
  • About Us
    About Us

    The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead™. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future.

    Learn more about Membership

    • Who We Are
    • About Us
    • In the News
    • Press Releases
    • Our History
    • Support Our Work
    • Locations
    • Contact Us
    • Our Community
    • Our Leadership
    • Our Experts
    • Trustees
    • Voting Members
    • Careers
    • This Week @ TCB
Check if You're a Member
Create Account
Forgot Your Password?

Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's Ahead TM including webcasts, publications, data and analysis, plus discounts to conferences and events.

EU 2024 ESG Regulatory Outlook

07 March 2024 / Report

Download Report
  • Email
  • Linkedin
  • Facebook
  • Twitter
  • Copy Link

With the European Parliament elections set for June and populist right wing candidates likely to gain ground at the expense of centre left and green parties, a critical question is emerging related to the European Commissions’ ambitious ESG regulatory plan. Will the elections allow for continued momentum behind the Green Deal, or will they prompt a backlash against green initiatives and lead to a shift in direction for EU ESG policy? 

Trusted Insights for What’s Ahead™

  • In the run-up to the elections*, the European Commission (EC), which is responsible for drawing up new proposals for European legislation, might adopt a “low-key” regulatory approach, focusing on developing existing proposals over introducing new ones. This low-key strategy aims to avoid politicizing the regulatory landscape during a period of debate surrounding the balance between climate targets and business competitiveness.
  • Despite mixed signals from the EU, businesses should seize the opportunity to solidify their sustainable business practices, building resilience and unlocking future growth potential. The EU recently unveiled ambitious climate targets for 2040, aiming for a 90% reduction in greenhouse gas emissions. However, during this period, we also saw progress stall on the Corporate Sustainability Due Diligence Directive, indicating a gap between intentions and actions in achieving holistic sustainability goals. The directive aims to ensure that companies, especially large ones, undertake proactive measures to respect human rights, mitigate environmental impacts, and address climate change within their operations.

With the European Parliament elections set for June and populist right wing candidates likely to gain ground at the expense of centre left and green parties, a critical question is emerging related to the European Commissions’ ambitious ESG regulatory plan. Will the elections allow for continued momentum behind the Green Deal, or will they prompt a backlash against green initiatives and lead to a shift in direction for EU ESG policy? 

Trusted Insights for What’s Ahead™

  • In the run-up to the elections*, the European Commission (EC), which is responsible for drawing up new proposals for European legislation, might adopt a “low-key” regulatory approach, focusing on developing existing proposals over introducing new ones. This low-key strategy aims to avoid politicizing the regulatory landscape during a period of debate surrounding the balance between climate targets and business competitiveness.
  • Despite mixed signals from the EU, businesses should seize the opportunity to solidify their sustainable business practices, building resilience and unlocking future growth potential. The EU recently unveiled ambitious climate targets for 2040, aiming for a 90% reduction in greenhouse gas emissions. However, during this period, we also saw progress stall on the Corporate Sustainability Due Diligence Directive, indicating a gap between intentions and actions in achieving holistic sustainability goals. The directive aims to ensure that companies, especially large ones, undertake proactive measures to respect human rights, mitigate environmental impacts, and address climate change within their operations.
  • While discussions on ESG regulations in Europe are ongoing, executives also recognize their significance in facilitating the push towards sustainability goals. In a recent poll by The Conference Board, almost 25% of sustainability executives see ESG regulations as a catalyst for positive change in business and another 41% sees regulations as a necessity to drive sustainability progress.
This publication is available to you, but you need to sign in to myTCBTM or create an account to access it.To learn more about becoming a Member click here. To check if your company is a Member, click here
  • Sign In
  • Create An Account

Forgot Password?

 

Keep my computer signed in



 

By Clicking 'Create Account',
You Agree To Our Terms Of Use

Create Account  

Members of The Conference Board get exclusive access to Trusted Insights for What’s AheadTM through publications, Conferences and events, webcasts, podcasts, data & analysis, and Member Communities.

Great News!

You already have an account with The Conference Board.

Please try to login in with your email or click here if you have forgotten your password.

Authors

Anuj Saush

Anuj Saush Anuj Saush

ESG Center Leader, Europe
The Conference Board

Read Bio

Lucas Bergkamp

Lucas Bergkamp Lucas Bergkamp

Senior Policy Advisor - ESG Center, Europe
The Conference Board

Read Bio

Manali Paranjpe

Manali Paranjpe Manali Paranjpe

Program Director, ESG Center, Europe
The Conference Board

Read Bio

Other Related Resources

Report

Cutting Through Complexity: Managing International ESG Disclosure

Cutting Through Complexity: Managing International ESG Disclosure

August 14, 2024

Quick Take

Climate Lawsuits: A Rising Threat for Business

Climate Lawsuits: A Rising Threat for Business

July 17, 2024

Additional Resources

ESG Regulatory Agenda

ESG Regulatory Agenda

July 17, 2024

Article

EU 2024 ESG Regulatory Outlook - Briefing Q2 2024

EU 2024 ESG Regulatory Outlook - Briefing Q2 2024

July 04, 2024

Quick Take

Closing the Gap: How Better ESG Measurement Drives Business Value

Closing the Gap: How Better ESG Measurement Drives Business Value

June 19, 2024

Report

EU CBAM’s Global Reach: A Ripple Effect

EU CBAM’s Global Reach: A Ripple Effect

February 21, 2024

Report

Cracking Down on Greenwashing: The EU’s Green Claims Directive

Cracking Down on Greenwashing: The EU’s Green Claims Directive

December 07, 2023

Report

Preparing for a Down Market with Chinese Characteristics

Preparing for a Down Market with Chinese Characteristics

December 03, 2023

Chart

Preparing for the Emerging Climate Disclosure Standards

Preparing for the Emerging Climate Disclosure Standards

October 11, 2023

Report

Simplifying Corporate Sustainability Reporting for the Future

Simplifying Corporate Sustainability Reporting for the Future

May 22, 2023

Report

ESG—The Role of the Board: A European Perspective

ESG—The Role of the Board: A European Perspective

May 22, 2023

Report

Will Updates to Reporting Standards Improve Corporate Sustainability Practices?

Will Updates to Reporting Standards Improve Corporate Sustainability Practices?

April 26, 2023

Report

Managing Supply Chain Emissions

Managing Supply Chain Emissions

September 06, 2022

Report

ESG Essentials: A Guide to Terminology

ESG Essentials: A Guide to Terminology

July 21, 2022

Report

Leveraging the Climate Transition Value Proposition -Workshop Deck Section 3

Leveraging the Climate Transition Value Proposition -Workshop Deck Section 3

July 03, 2022

Report

Noise: A Flaw in Human Judgment

Noise: A Flaw in Human Judgment

February 24, 2022

Podcasts

C-Suite Outlook 2022: Which ESG Issues Do Leaders Care About

C-Suite Outlook 2022: Which ESG Issues Do Leaders Care About

February 23, 2022

Report

What is Green? Implications of the EU Taxonomy for Nonfinancial Undertakings

What is Green? Implications of the EU Taxonomy for Nonfinancial Undertakings

February 01, 2022

Report

What is Green? EU Taxonomy for Sustainable Activities

What is Green? EU Taxonomy for Sustainable Activities

January 27, 2022

Report

Sustainability Disclosure Practices: 2022 Edition

Sustainability Disclosure Practices: 2022 Edition

January 20, 2022

Report

Doughnut Economics

Doughnut Economics

November 11, 2021

Report


 Cutting Through Complexity: Managing International ESG Disclosure

Cutting Through Complexity: Managing International ESG Disclosure

August 14, 2024

Quick Take


 Climate Lawsuits: A Rising Threat for Business

Climate Lawsuits: A Rising Threat for Business

July 17, 2024

Additional Resources


 ESG Regulatory Agenda

ESG Regulatory Agenda

July 17, 2024

Councils

Asia Sustainability Leaders Council

Asia Sustainability Leaders Council

Councils

Asia Corporate Leadership Council

Asia Corporate Leadership Council

Councils

Asia Sustainability Leaders Council

Asia Sustainability Leaders Council

Councils

Asia Corporate Leadership Council

Asia Corporate Leadership Council

Conference Board Sample Web Chat
chatbot-Icon TCB Logo
chatbot-Icon
C-Suite Insights Newsletter - Subscribe to the must-read weekly newsletter for C-suite executives from The Conference Board
ABOUT US
  • Who We Are
  • Annual Report
  • Our History
  • Our Experts
  • Our Leadership
  • In the News
  • Press Releases
MEMBERSHIP
  • Become a Member
  • Sign In to myTCB™
  • Access Experts
  • Member-Only Events
  • Data & Benchmarking
  • AskTCB
  • Manage Account
EXPLORE
  • Centers
  • Councils
  • Latest Research
  • Programs
  • Webcasts
  • Podcasts
  • This Week @ TCB
CONTACT US
  • Americas
    +1 212 759 0900
    customer.service@tcb.org
  • Europe/Africa/Middle East
    +32 2 675 5405
    brussels@tcb.org
  • Asia
    Hong Kong | +852 2804 1000
    Singapore | +65 8298 3403
    service.ap@tcb.org
CAREERS
  • See Open Positions
Terms Of Use | Privacy Policy | Event Code of Conduct | Trademarks
© 2024 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
The use of all The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.
Terms of Use | Privacy Policy | Event Code of Conduct | Trademarks
© 2024 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
The use of all data from The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.

Thank you for signing up. You will now receive CEO Insights for What's Ahead every Wednesday morning. You can unsubscribe at any time or manage your preferences to receive more content from The Conference Board.

Announcing The Conference Board AI Virtual Conference Series

Explore the Impact of AI on Your Business

Members receive complimentary registration - Learn more >>

✕
hubCircleImage