Talking ESG: Preparing for the EU's Foreign Subsidies Regulation

#EU Incentives, #FSR Impact, and #GreenDeals Unpacked Key Takeaways:

• Navigating EU incentives requires urgent data collection on foreign subsidies.
• EU's FSR aims to level the playing field, not just disadvantage non-EU firms.
• Expertise is key to leveraging #GreenDeal funds and navigating complex regulations.

Further Insights

1. EU Shift: The EU is focusing on becoming self-sustaining and resilient in energy through various subsidies and regulations, emphasizing the significance of expertise in implementing new frameworks.

2. Global Impact: Global response to the US Inflation Reduction Act and similar legislation worldwide is shaping a race for future carbon-neutral technologies and economic resilience.

3. Foreign Subsidies Regulation: FSR extends EU state aid rules globally, affecting companies with foreign subsidies, emphasizing the need for transparency and compliance to operate within the EU.

4. Incentives Awareness: Most organizations are unaware of the details within the EU's Green Deal, missing out on potential incentives for sustainability projects.

5. Skills Gap: A significant challenge for companies is the lack of expertise to comply with new laws and capitalize on incentives, indicating a need for trained professionals.

Closing Thoughts: How prepared are businesses to adapt to this rapidly evolving regulatory landscape, and is there enough cross-sector collaboration to meet these ambitious sustainability goals?

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