summary report 5th european peer learning group on climate

The European Peer Learning Group on Climate was established in 2019 as an exclusive knowledge-sharing platform with annual meetings of European companies in the field of climate action, and enables discussion, networking, and information exchange with peers and experts. This year, the Spanish Network hosted the 5th EU Peer Learning Group on Climate in Madrid. On 22 & 23 April 2024, 53 companies from 14 European countries met at IE University.

The main aims of the meeting were to enable participants to:

• Gain valuable insights from experts and peers by delving into approaches and best practices for voluntary and mandatory climate reporting standards.
• Share experiences and best practices on key topics related to climate reporting according to EU legislation and international standards.
• Connect with other climate specialists across the European region.

On the first day, participants discussed the main climate international standards and voluntary initiatives such as the UN Global Compact’s Communication on Progress (CoP), Global Reporting Initiative (GRI) and the Science Based Targets initiative (SBTi). On the second day, the focus of the meeting turned to the main European regulations that are affecting corporate climate reporting, includingthe recently approved Due Diligence Directive (CSDDD),the Corporate Sustainability Reporting Directive (CSRD), and the classification of sustainable economic activities established by the EU Taxonomy.

The main results of the 5th EU Peer Learning Group are presented in the summary report.