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MAINSTREAMING TRANSPARENT ASSESSMENT OF ENERGY EFFICIENCY IN ENVIRONMENTAL SOCIAL GOVERNANCE RATINGS  

Objective

Improving access to long-term finance for Energy Efficiency (EE) projects is key to achieve the EU2030 targets and aligning the COVID-19 recovery to the European Green Deal. However, the lack of standardized disclosure of EE investments limits firms’ access to EE financing. Further, poor understanding of EE information in ESG ratings increases the risk of greenwashing, thus preventing a smooth development of the sustainable finance market. TranspArEEnS addresses these barriers by mainstreaming a quali-quantitative framework for standardized collection and analysis of firms’ EE and ESG information and the development of a standardized EE-ESG rating. This serves as an EE-ESG filter to inform investment and financial policy decisions with regard to portfolios’ alignment to sustainability. A unique added value of this project is to cover non-listed Small and Medium Enterprises, meeting an important market need. TranspArEEnS’ EE-ESG rating will be tested in pilot case studies and capacity building sessions with leading representatives of the financial industry and supervisors. This allows to understand barriers and opportunities for its operationalization in: i) credit risk assessment, ii) development of long-term EE-financing via securitization (covered bonds, European Secured Notes), and iii) introduction of EE-ESG considerations into monetary policies and prudential regulations. By enhancing standardized disclosure of EE investing, TranspArEEnS will decrease uncertainty in the EE and ESG market, thus promoting the scaling up of new EE financing and investment opportunities in the EU. Moreover, it will help to mitigate the risk of greenwashing thus improving financial stability. An excellent Consortium, composed of leading academic, business and financial experts, with the support of key stakeholders in EE and sustainable finance, ensures the policy and market relevance of the project’s results.

Call for proposal

H2020-LC-SC3-EE-2020-2
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Coordinator

UNIVERSITA CA' FOSCARI VENEZIA
Address
Dorsoduro 3246
30123 Venezia
Italy
Activity type
Higher or Secondary Education Establishments
EU contribution
€ 421 876,25

Participants (4)

CRIF SPA
Italy
EU contribution
€ 280 250
Address
Via Mario Fantin 1/3
40131 Bologna
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
COVERED BOND & MORTGAGE COUNCIL
Belgium
EU contribution
€ 255 000
Address
Rue De La Science 14
1040 Bruxelles
Activity type
Other
MODEFINANCE SRL
Italy
EU contribution
€ 280 750
Address
Localita Padriciano 99
34149 Trieste
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
LEIBNIZ INSTITUT FÜR FINANZMARKTFORSCHUNG SAFE EV
Germany
EU contribution
€ 250 081,25
Address
Theodor W Adorno Platz 3
60323 Frankfurt
Activity type
Other