The 27 countries of the European Union have agreed to invest 750 billion euros to create a stronger, more digital Europe with a lower environmental impact.
The 27 countries of the European Union have agreed to invest €750 billion to create a stronger, more digital Europe with a lower environmental impact.
On the 17th of June, Dcycle wanted to be part of the Forbes Summit Sustainability 2021. It discussed the NextGenerationEU recovery plan for post-pandemic transformation and recovery. The 27 countries of the European Union have agreed to invest €750 billion to create a stronger, more digital Europe with a lower environmental impact. The fight against climate change will receive 30% of European funds, the largest budget in its history.
The recovery plan has three essential pillars:
Within Spain, this plan will promote business, territorial and sectoral clusters. To this end, training based on digitalisation will be promoted and energy efficiency projects will be carried out in cities and infrastructures, with a commitment to renewable energies. In addition, SMEs are the main priority of this recovery plan. The most disruptive element of the recovery plan is that it aims to use big data to facilitate transformations, with the vision of creating more sustainable cities.
Businesses should start by establishing a common language based on the EU’s green taxonomy. This sets out the activities that make it possible to accurately and holistically assess the real environmental impact of economic activities. On the other hand, they must implement energy transformation processes that drive business decarbonisation in a way that does not harm their profitability. In addition, the creation of strategic alliances (SDG 17) between small and large companies needs to be encouraged in order to create a multiplier effect for sustainability. Green finance, transparency based on KPIs and risks, and regulations that adapt to innovation must be encouraged.
The 2030 Agenda and the recovery plan go hand in hand. On the one hand, the 2030 Agenda is a roadmap, while the recovery plan is an enabler of tools to achieve these goals. This linkage will use impact indicators to help prioritise, simplify the process and neutralise those that have a negative impact. By mobilising civil society, business, funders and governments, commitments are made and strategic partnerships are formed to achieve them.
Taken together, the 2030 Agenda and the recovery plan establish a link between green and digital transition with greater macroeconomic stability. In short, it means linking medium- and long-term goals with short-term actions.
Making consumers understand that there is a single health (WHO), as our health is directly affected by the health of the planet. It is essential to understand the benefits of sustainable transformation, both for consumers and businesses. Moreover, the more self-demanding citizens and businesses are, the more impact legislation will have.
At Dcycle we understand business transformation in the same way as the EU, facilitating sustainability through digitalisation. We want to democratise the strategic decision making of SMEs, as they are the business engine of Spain.
To facilitate this sustainable transition, we want to contribute to business decarbonisation, creating internal and external communication of objectives and helping to understand the environmental impact of companies. Through environmental intelligence, companies can establish growth strategies aligned with the United Nations 2030 Agenda.
Find out more about Dcycle and join the new social contract based on sustainable transformation.
Dcycle measures the footprint of scopes 1, 2 and 3, i.e. both direct emissions and those generated by third parties.
The carbon footprint measures the amount of greenhouse gases (GHG) produced directly or indirectly by humans.