Sustainable finance refers to the process that takes in due account environmental, social and governance (ESG) considerations when making investment decisions in the financial sector, leading to increased longer-term investments into sustainable economic activities and projects.
The governance of public and private institutions, including management structures, employee relations and executive remuneration, plays a fundamental role in ensuring the inclusion of social and environmental considerations in the decision-making process.
In the EU's policy context, sustainable finance is understood as finance to support economic growth while reducing pressures on the environment and taking into account social and governance aspects.
Sustainable finance also encompasses transparency on risks related to ESG factors that may impact the financial system, and the mitigation of such risks through the appropriate governance of financial and corporate actors.
Sustainable finance at EU level aims at supporting the delivery on the objectives of the European Green Deal by channeling private investment into the transition to a climate-neutral, climate-resilient, resource-efficient and just economy, as a complement to public money.
In the framework of the European Green Deal, the EC announced a renewed sustainable finance strategy, which aims to provide the policy tools to ensure that financial system genuinely supports the transition of businesses towards sustainability in a context of recovery from the impact of the COVID-19 outbreak. The renewed strategy will contribute to the objectives of the European green deal investment plan, to creating an enabling framework for private investors and the public sector to facilitate sustainable investments.
We provide complete support in the preparation and submission of the applications for the main EU R&D&I programmes, covering both technical and economic-financial aspects.
The EU Innovation Fund is one of the world’s largest funding programmes aiming at:
The programme focuses on the following sectors:
IPCEIs may represent a very important contribution to economic growth, jobs and competitiveness for the Union industry and economy in view of their positive spillover effects on the internal market and the Union society.
IPCEIs make it possible to bring together knowledge, expertise, financial resources and economic actors throughout the Union, so as to overcome important market or systemic failures and societal challenges which could not otherwise be addressed.
They are designed to bring together public and private sectors to undertake large-scale projects that provide significant benefits to the Union and its citizens.
IPCEIs can underpin all policies and actions that achieve common European objectives, in particular the European Green Deal, the Digital Strategy, the New Industrial Strategy for Europe and Next Generation EU. IPCEIs can also contribute to a sustainable recovery following serious economic disturbances such as those caused by the COVID-19 pandemic and support efforts to strengthen the EU social and economic resilience.
Expression of interest:
Horizon Europe is the EU’s research and innovation framework programme running from 2021-2027.
- The budget for Horizon Europe at €95.5 billion (including €5.4 billion from the Next Generation of the EU – Recovery Fund).
- The first Horizon Europe Strategic Plan (2021-2024) which sets out key strategic orientations for the support of research and innovation, was adopted on 15 March 2021.
- The work programme for the European Research Council (ERC) was adopted on 22 February 2021.
- The work programme for the European Innovation Council (EIC) was adopted on 17 March and the EIC was formally launched on 18 March. The main work programme dedicated to COVID-19 variants will be adopted in March the complete main work programme is expected to be adopted in April.
- The first calls will open following the adoption of the work programme each time.
RINA will support its clients in the Horizon Europe application process, providing technical assistance for the following activities:
LIFE is the EU’s fund for the environment, nature and climate action:
- Funded more than 2600 environmental projects since 1992.
- Invested over €2.1 billion in projects, which have mobilised more than €5.2 billion euros in total.
- Helped nearly 500 local, regional and national authorities to develop, update and implement environmental legislation.
- Involved more than 650 enterprises and industry organisations in the quest for green solutions, best practices and close-to-market technologies.
The LIFE programme from 2021
The European Commission proposes to raise the budget of the LIFE programme to €5.4 billion between 2021 and 2027.
Details of the next LIFE regulation, multiannual work programme and related calls for proposals are still under discussion by EC.
The new LIFE programme will cover the following areas:
- Nature and biodiversity
- Circular economy and quality of life
- Climate change mitigation and adaptation
- Clean energy transition
A Call for project proposals will be published in the coming months.
RINA will support its clients in the LIFE programme application process, providing technical assistance for the following activities:
Strategy Innovation & Sustainability Team