ESG paper: climate and the Belgian economy

17 March 2022 - 2 min Reading time

The European Union must be carbon neutral by 2050. That is the objective of the European Commission and a package of measures must put that objective into practice. The banking sector plays a central role here: targeted financing is an important factor in European climate policy, so banks have been involved from the outset.


The banking sector will also feel the impact indirectly. Carbon-intensive companies will have to adjust or reinvent themselves in order to meet the European targets and this may affect their financing method.

But what is the impact of the European climate plan on our companies? Is the Belgian economy ready? Which sectors are targeted and are there consequences for the labor market and our competitive position? We list the most important things.

This paper was written in collaboration with UWE, VBO and VOKA.