Business Outlines Plan of Action to Accelerate the European Green Deal and Post- COVID-19 Recovery

The CEO Action Group for the European Green Deal proposes a strategic framework to align business operations and government stimulus with the goal of making Europe climate-neutral by 2050. The plan emphasizes the need for conditionality in state aid, investments in reskilling the workforce for a green economy, and increasing R&D investment to 3% of GDP. It advocates for the adoption of TCFD and ESG reporting standards, the scaling of the circular economy, and the implementation of carbon-pricing schemes to drive low-carbon innovation.

• The CEO Action Group commits to supporting the European Green Deal's objective of achieving climate neutrality by 2050 by setting ambitious long-term targets and developing pathways to reach net-zero greenhouse gas emissions.
• The group argues that government stimulus and bailout packages for COVID-19 recovery must be based on conditionality, requiring businesses to meet clear, measurable, and time-bound targets to support sustainable business models.
• To maintain global innovation leadership, the document calls for cross-sector innovation platforms, regulatory sandboxes, and a significant increase in R&D investment to reach 3% of GDP.
• The plan advocates for the use of carbon-pricing schemes and internal carbon prices to incentivize low-carbon technology, alongside the development of transparent, regulated carbon offset markets and international discussions on carbon border measures to prevent carbon leakage.
• The group emphasizes the need for standardized financial disclosure, urging companies to align with Task Force on Climate-related Financial Disclosures (TCFD) and ESG reporting standards to ensure comparability across jurisdictions.

APA

World Economic Forum (2020). Business Outlines Plan of Action to Accelerate the European Green Deal and Post- COVID-19 Recovery. https://www3.weforum.org/docs/WEF_Joint_Statement_of_the_CEO_Action_Group_for_the_European_Green_Deal_2020.pdf

Chicago

World Economic Forum. Business Outlines Plan of Action to Accelerate the European Green Deal and Post- COVID-19 Recovery. 2020. https://www3.weforum.org/docs/WEF_Joint_Statement_of_the_CEO_Action_Group_for_the_European_Green_Deal_2020.pdf.

Wikipedia

{{cite press release |author=World Economic Forum |title=Business Outlines Plan of Action to Accelerate the European Green Deal and Post- COVID-19 Recovery |date=September 2020 |url=https://www3.weforum.org/docs/WEF_Joint_Statement_of_the_CEO_Action_Group_for_the_European_Green_Deal_2020.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{worldeconomicforum2020business, author = {{World Economic Forum}}, title = {{Business Outlines Plan of Action to Accelerate the European Green Deal and Post- COVID-19 Recovery}}, publisher = {World Economic Forum}, year = {2020}, month = sep, url = {https://www3.weforum.org/docs/WEF_Joint_Statement_of_the_CEO_Action_Group_for_the_European_Green_Deal_2020.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }