Hungary scores just under EU average in MNB Sustainability Index

The average European wastes their own weight in discarded food each year, and, worryingly for both our health and sustainability, more than half of the adult European population is overweight. Alongside this, agriculture is responsible for around 10 per cent…

Given the important role they play in the roll-out of zero-emission mobility and the storage of intermittent renewable energy, batteries are a crucial element in the EU’s transition to a climate neutral economy. The proposal presented by the European Commission is designed to modernise the EU’s regulatory framework for batteries in order to secure the sustainability and competitiveness of battery value chains. It would introduce mandatory requirements on sustainability (such as carbon footprint rules, minimum recycled content, performance and durability criteria), safety and labelling for the marketing and putting into service of batteries, and requirements for end-of-life management. The proposal also includes due diligence obligations for economic operators as regards the sourcing of raw materials. In Parliament, the Committee on the Environment, Public Health and Food Safety, responsible for the file, is expected to consider its rapporteur’s draft report at a meeting in October 2021. In Council, ministers took stock of the progress made on the file at the June Environment Council. The Slovenian Presidency of the Council aims to reach agreement on a general approach.

Source : © European Union, 2021 – EP

The European Commission proposed to improve sustainability reporting by revising the non-financial reporting directive 2014/95/EU. The accompanying impact assessment (IA) provides a well-defined problem that is substantiated with evidence, a clear set of objectives that correspond to the problems identified and makes effort to cover SMEs in the consultation strategy. Overall, the evidence used in the IA seems recent and reliable. However, the IA has not set any concrete targets, indicators or timelines for achieving its objectives. The range of options in the IA appears rather imbalanced, the analysis has been predominantly economic and has focused on the effectiveness of meeting the specific objectives and their costs, while the discussion of benefits has remained rather descriptive. Environmental impacts seem to have been completely excluded, the costs of indirect effects on SMEs in the supply chains of large companies have not been quantified and the benefits for listed SMEs have not been elaborated on.

Source : © European Union, 2021 – EP