envoNEWS | Europe | 2021 | February
Written by EnvoPAP team
19th March 2021
1 minute read
Sustainability has consistently been integral to the European continent. This monthly edition provides more locally-focused updates within Europe, so that you can remain easily up to date with changes in sustainable development in the region.
EU to Make Fund Managers Back Up Sustainability Claims
The European Union is bringing rules into effect on Wednesday that seek to regulate the fast-growing sustainable-finance industry for the first time.
Managers of funds that invest in line with environmental, social or governance considerations, known as ESG, will have to put forward a tangible, measurable plan for how they will do so. This will apply to all asset managers that raise money in the EU, whether they are based within its borders or not, from March 10.
European steel packaging industry announces 2025 sustainability vision
APEAL, the Association of European Producers of Steel for Packaging, has announced its 2025 vision for recycling – ‘Zero steel packaging to landfill.’
This vision is set to be supported by action in four key areas, identified by the association as critical in the drive to prevent steel packaging from being diverted from recycling streams.
The palm oil industry is changing — and the EU can help
With imports worth upward of €6 billion, the EU is one of the world’s largest markets for palm oil. The oil palm tree is one of the world’s largest sources of edible oil. It is also one of the highest yielding by land footprint, with an average yield of 3.7 tons per hectare, compared to just 0.7 tons for rapeseed oil, 0.6 tons for sunflower oil, and 0.4 tons for soybean oil.
Industry, civil society call on the EU to adopt a smart mix of measures to address deforestation
Other News Developments:
- Silicon Valley led the software revolution — but Europe is leading the sustainability revolution
- Cocoa Sustainability to be more in line with the Memorandum of Understanding in Europe.
The envoPAP Team