IOGP response to consultation on the renewed Sustainable Finance strategy
This document provides IOGP’s response to the consultation on the renewed Sustainable Finance strategy.
The response to the consultation is sent through an online questionnaire.
Background
The transition to a sustainable economy will entail significant investment efforts across all sectors, meaning that financing frameworks, both public and private, must support this overall policy direction.
The financial system as a whole is not yet transitioning fast enough. Substantial progress still needs to be made to ensure that the financial sector genuinely supports businesses on their transition path towards sustainability, as well as further supporting businesses that are already sustainable. It will also mean putting in place the buffers that are necessary to support de-carbonisation pathways across all European Member States, industries that will need greater support, as well as SMEs.
For all of these reasons, the European Green Deal announced a Renewed Sustainable Finance Strategy. The renewed strategy will build on the 10 actions put forward in the European Commission’s initial 2018 Action Plan on Financing Sustainable Growth, which laid down the foundations for channelling private capital towards sustainable investments.
Context
The aim of this consultation is to collect the views and opinions of interested parties in order to inform the development of the renewed strategy.
The Renewed Sustainable Finance Strategy will predominantly focus on three areas:
- Strengthening the foundations for sustainable investment by creating an enabling framework, with appropriate tools and structures.
- Increased opportunities to have a positive impact on sustainability for citizens, financial institutions and corporates.
- Climate and environmental risks will need to be fully managed and integrated into financial institutions and the financial system as a whole.
Overview
The questionnaire is structured as follows:
- Information about the stakeholder
- Questions addressed to all stakeholders on how the financial sector and the economy can become more Sustainable
- Questions targeted at experts
- Strengthening the foundations for sustainable finance
- Increasing opportunities for citizens, financial institutions and corporates to enhance sustainability
- Publications
- News
- Events

IOGP Europe views on the EU corporate sustainability reporting framework

IOGP input on the EU Commission’s public consultation on the EU Taxonomy Delegated Acts

IOGP position on capital requirements

Letter: Open, inclusive, and pragmatic Green Deal Industrial Plan for Europe

IOGP response on Competitive Bidding schemes for hydrogen under the Innovation Fund

IOGP views on the proposed Regulation amending Regulation (EU) 2021/241 as regards REPowerEU chapters in Recovery and Resilience Plans

IOGP position on the Corporate Sustainability Due Diligence Directive (CSDDD)

IOGP response to the consultation on certification of carbon removals – EU rules

IOGP comments to R. W. Howarth and M. Z. Jacobson (2021): How Green is Blue Hydrogen?

Map of CCUS Projects in Europe

Re-Stream – Study on the reuse of oil and gas infrastructure for hydrogen and CCS in Europe

IOGP response to the public consultation on the Energy Taxation Directive (ETD) proposal

IOGP response to the public consultation on the Renewable Energy Directive (RED) proposal

IOGP feedback to the European Commission’s Roadmap on restoring sustainable carbon cycles

IOGP response to the public consultation on the Carbon Border Adjustment Mechanism (CBAM) proposal

IOGP position on the revision of the EU Emissions Trading System (EU ETS) Directive

IOGP response to the public consultation on the Energy Efficiency Directive (EED) proposal

IOGP feedback on the Platform on Sustainable Finance’s draft report on preliminary recommendations for technical screening criteria for the EU taxonomy

IOGP response to the public consultation on the FuelEU Maritime proposal

IOGP feedback on the Platform on Sustainable Finance’s draft report on social taxonomy

IOGP feedback on the Platform on Sustainable Finance’s draft proposal for an extended taxonomy to support economic transition

IOGP response to public consultation on the revised Climate, Energy and Environmental Aid Guidelines (CEEAG)

IOGP Paper on metric to use for 2030 targets

IOGP position on the European Commission proposal on the update of the Corporate Sustainability Reporting Directive

Letter: Call for a technology-inclusive revision of the TEN-E Regulation

FuelsEurope and IOGP position on the Draft Delegated Regulation on taxonomy related disclosures by undertakings reporting non-financial information

IOGP response to the roadmap on the modification of the General Block Exemption Regulation (GBER)

Response to consultation on proposal for an Initiative on Sustainable Corporate Governance

Public consultation on the EU Action Plan “Towards a Zero Pollution Ambition for air, water and soil”

IOGP response to consultation on the revision of the Guidelines on State aid for environmental protection and energy (EEAG)

Letter: IOGP input on the European Commission’s consultation on the priority list for the development of gas network codes and guidelines for 2021 (and beyond)

Response form for the Consultation Paper on the Draft advice to European Commission under Article 8 of the Taxonomy Regulation

IOGP response to the Inception Impact Assessment on the revision of the Guidelines on State aid for environmental protection and energy (EEAG) 2014-2020

IOGP input to the Commission’s Delegated Regulation establishing the technical screening criteria for economic activities contributing substantially to climate change mitigation or climate change adaptation

IOGP views on competition policy supporting the European Green Deal

IOGP statement on the European Commission’s 2030 Climate Target Plan

What’s Right? What’s Wrong? IOGP comments on the ‘EU Strategy for Energy System Integration’ and ‘A hydrogen strategy for a climate neutral Europe’

IOGP written input to the public consultation on the Carbon Border Adjustment Mechanism (CBAM)

IOGP views on State aid for environmental protection and energy (EEAG)

IOGP written input to the public consultation on the revision of the Energy Taxation Directive (ETD)

IOGP contribution to the public consultation on Commission Decision setting the fees due to ACER for tasks under REMIT

Letter: 57 industry leaders call for enhancing gas contribution to decarbonisation

IOGP written input to the consultation “2030 Climate Target Plan”

IOGP response to the inception impact assessment concerning the revision of the 2018 Renewable Energy Directive (REDII)

IOGP input to the IIA on the EC’s Delegated Regulation on taxonomy-related disclosures by undertakings reporting non-financial information

IOGP feedback on the update of EU ETS monitoring and reporting rules (2021-30)

IOGP response to the consultation on ESG disclosures under Regulation (EU) 2019/2088

IOGP response to supplementary questions on the EIB Group’s Climate Bank Roadmap 2021-2025

Funding CCS in Europe: key investments for the recovery

IOGP response to the public consultation on the revision of Regulation (EU) 347/2013 on guidelines for TEN-E Regulation

IOGP response to targeted consultation on the revision of Regulation (EU) 347/2013 on guidelines for TEN-E Regulation

Wide industry coalition call for a Hydrogen Strategy inclusive of all clean hydrogen pathways

IOGP input to the Roadmap on the EU strategy on hydrogen in Europe

IOGP feedback to the Combined Evaluation Roadmap/Inception Impact Assessment on the revision of Regulation (EU) 347/2013 on guidelines for TEN-E

IOGP response to the public consultation on the revision of the NFRD

Sustainability reporting guidance for the oil and gas industry

IOGP feedback to the roadmap for a Renovation Wave initiative for public and private buildings

IOGP input to the forthcoming EU Strategy for Energy System Integration

IOGP response to the EIB Group’s Climate Bank Roadmap 2021-2025

Input to the inception impact assessment on the FuelEU Maritime

IOGP Initial Feedback to the Taxonomy: Final report of the Technical Expert Group on Sustainable Finance

IOGP feedback to the proposed European Climate Law

Feedback to the impact inception assessment “2030 Climate Target Plan”

Response to the inception impact assessment “Commission Delegated Regulation on a climate change mitigation and adaptation taxonomy”

IOGP input to the Impact Inception Assessment on the Revision of the NFRD

New and old CCS projects in Europe: What’s different this time?

IOGP assessment of National Energy and Climate Plans

Methane Management in the Upstream Oil and Gas Industry: Policy recommendations in the context of the EU Methane Strategy

Joint letter: CCS and CCU for the EU’s Industrial Transition

Scaling up Hydrogen in Europe

IOGP assessment of draft National Energy and Climate Plans

Call for feedback on TEG report on EU Taxonomy

The potential for CCS and CCU in Europe Report to the thirty second meeting of the European Gas Regulatory Forum 5-6 June 2019

IOGP response to the European Commission’s package on sustainable finance Call for a “Talanoa Platform” to guarantee a smart, inclusive and technology-neutral taxonomy

LNG – a fast lane to make Europe a leader in clean shipping

OGP contribution to the CCS Directive evaluation

Net-Zero Industry Act marks a step change in industrial and climate policy – EU paves way for carbon capture and storage scale-up

Balance, strength and fairness: building blocks for a stronger Union

REPowerEU Plan: domestic gas production deserves stronger role alongside imports and renewables in enhancing EU energy resilience

Re-Powering the EU by protecting well-functioning markets, enhancing strategic partnerships and boosting domestic production

Inclusion of gas in the Taxonomy Regulation supports EU ambition to reach climate neutrality by 2050

Gas market reform marks a step change in EU approach to the transition

New Re-Stream study assesses the feasibility of transport of hydrogen and CO2 in European gas and oil infrastructure

More inclusion needed to be fit for 55

“Hydrogen for Europe” study launch

Towards greater hydrogen production capacity in Europe

Council’s inclusive approach to hydrogen sends strong signal ahead of key legislative year

EU Methane Strategy sets the right sequence to tackle the challenge

Sustainable Finance Webinars

Carbon Management Webinars

Manifesto: Oil & Gas Industry Solutions Towards 2030 and 2050

IOGP Statement on the EU Recovery Plan

Climate change, purpose & doing the right thing: lessons from COVID-19

Guidelines for Methane Emissions target setting

Hydrogen for Europe: 1st Working Group Meeting

IOGP supports the EU’s objective of climate neutrality by 2050

Re-Stream Study Launch Event
