It was a pleasure to take part in the conference. We advise clients across the Adria and Balkans region and beyond, which includes both EU accession and member countries. EU law is therefore the backbone of most of our activities. Regardless of the type of client, specific mandate or jurisdiction, we are increasingly guided by developments in EU law, which are becoming increasingly relevant across the board. This includes EU’s legislative framework to combat climate change – the Fit for 55 legislative package, which is taking shape, as its ramifications will affect many aspects of business and law. In this sense, the Slovenian experience is especially interesting as perhaps our closest gateway to EU’s best practices and the conference provided a thorough insight and inspiration for our work. The conference was also an excellent opportunity to discuss this important topic with people who deal with it from different aspects and learn from their experience. I am deeply convinced that your conference created an enjoyable background for a prolific exchange of knowledge and different views, in which we were more than happy to participate and contribute.

Challenges in our region are numerous. At the level of countries, economies and the region as a whole, major steps lie ahead to change the energy mix as it remains heavily reliant on coal. Major plans for investments in renewable energy in the coming decades are being announced to catch up with EU plans, which are aiming for a 55 percent emissions reduction by 2030 and reaching net zero by 2050. To achieve this, another important challenge for the countries of the region is to introduce carbon pricing systems and viable emissions trading schemes, which are in line with the systems that have already been in place in the EU for many years. At the level of businesses, the biggest challenge will be to successfully incorporate the inevitable need to reduce carbon emissions into their strategies and adjust their business models to accommodate this overarching objective. For many companies, this will require significant changes which begin with a fundamental shift in strategic priorities and an entirely new approach to business. And these changes should take place with a sense of urgency, as there is not much time left.

We are closely following the developments with one of the aspects of the Fit for 55 package that, once implemented, is likely to have an immediate and direct effect on the regional economies and this is the Carbon Border Adjustment Mechanism (CBAM). Dubbed the “carbon tax”, CBAM is a levy that the EU is aiming to introduce on the imports of products that generate high emissions in their manufacturing processes. This way, the EU is hoping to achieve a level playing field on the internal market. Regarding products manufactured in the EU, they already have to pay for carbon emission allowances under the unions ‘ emissions trading system. The introduction of the CBAM is likely to mark a tectonic shift in international trade that will affect whole supply chain including manufacturers, customers and consumers. Planned to be phased in starting 2023, the CBAM will initially include cement, steel, fertilisers, iron, steel, aluminum, and electricity from coal etc., but is likely to have a spillover effect on the costs of any finished goods that use these as components in their production processes. Our firm is advising on the multi-layered work that will be required both from governments and businesses to address these changes.
From a broader perspective, we are also working on some of the largest, most interesting and innovative renewable energy projects in the region. This field will see significant growth in the coming years and we are pleased that our team has the strength of expertise and unparalleled experience to fulfill the most demanding requirements in the area. We are looking forward to offer our knowledge and practice supporting our clients in diversification their energy portfolio to renewables, which could have many positive effects not only for their business but for our healthier environment.

The economies of the Western Balkans are likely to be significantly affected by the introduction of CBAM. The EU accounts for nearly 70 percent of the region’s exports and products potentially affected by CBAM are an important part of the economy. The levy is likely to affect pricing and, therefore, the competitiveness of products imported into the EU market. A lot of work still needs to be done across the region to mitigate these risks. The process also involves both governments and lawmakers, who will take steps to ensure there is a basis for the introduction of functional local carbon emissions exchange systems, and businesses, that must be much more conscious of the impact of their production processes and the financial costs of their CO2 emissions that they will soon have to deal with. Failing to act on both ends may have far-reaching implications for the economies of the region. A firm renowned for its expertise in EU law, Gecić Law is proud to be the only law firm in the region with the experience and expertise to advise both sovereigns and affected companies on this highly specific and complex set of issues.

It is widely recognized the position of EU as a leader in green transition on global level. This is where proposals like CBAM helps to provide more structural market that is still looking to define itself at larger scale. By imposing environmental policies like carbon tax on imports via the CBAM the EU hopes to affect external change, by driving change from the inside-out. The powerful single market of the EU could have serious impact when it comes to conversation regarding the carbon and climate. EU through enacting environmental regulations that influence the global business stage raises standards all across the world. Due to factors including the size of internal market and its importance on global level, businesses who trade worldwide may discover that maintaining lower standards in non-EU markets is not convenient from an economic, legal, or technical standpoint.

ESG is a very closely related but an even broader topic. The main challenge is that many businesses still take a short-term approach, seeing adherence to ESG standards as a “nice-to-have” voluntary action, rather than a strategic business shift. However, failing to prepare and adapt may soon significantly affect their ability to compete in the market, sell their products and have access to financing. Regulators, investors, creditors, customers, and other key stakeholders will increasingly insist on responsible business conduct in these vital areas.Therefore, we help our clients by closely monitoring government policies updates and have a smooth channel to communicate with government authorities with aim to fully comply their business with most recent developments in environmental policies. Beyond the reputational impact, many of these standards are becoming mandatory. As the region moves on in its EU accession process, we advise clients on emerging EU rules on ESG that are likely to define the business environment in the years to come, and how this may impact the Western Balkans.
As one of the few independent law firms advising in this area, we aim to provide bespoke solutions, taking into account the specific position and needs of each enterprise. We carefully analyze both the risks and benefits and prioritize our advice on how to best adapt from a regulatory, strategic, financial and operational standpoint.

It is most important that businesses take a long-term, strategic view of ESG considerations and understand how ESG standards can help their business adapt and grow. Greenwashing is a practice aimed at achieving short-term public relations or marketing gains. Ironically, as we have seen in many examples, greenwashing may have truly harmful effects and destroy the reputations of businesses. The truth is businesses will quite simply no longer be able to afford to greenwash as the regulatory framework develops. Even more importantly, key stakeholders are increasingly becoming aware and active, and are no longer willing to accept corporate behavior which does not adhere to standards in these areas. And they are especially sensitive to businesses being untruthful about their practices. This does impact enterprises in our region sometimes more than they realize.

There are no simple solutions and ready-made recipes. Each company needs to look not only at the totality of its operations but increasingly at its supply chain and carefully balance and incorporate solutions. There are no silver bullets as every option has its advantages and disadvantages, and these need to be carefully weighted. From the perspective of our region and profession, it is also up to regulators and lawmakers to set the framework and define standards, a process that is gradually coming to fruition. At least for the moment, one must also take into consideration the current energy crisis and its potential effects on the path to net zero. At the same time, we should always keep in mind that ultimately there is no alternative but to persevere, as fundamentaly this is an existential issue for humanity as a whole.

The purpose of the event is to connect representatives of corporations and companies, politicians, non-governmental organizations, international agencies, innovators of breakthrough solutions and representatives of the financial community. The CEO Panel will focus on carbon neutrality and zero emissions, since virtually all major stakeholders and partners agree that they are the key elements of the future. However, strategies differ and rarely apply to entire organizations with their supply chains, which presents unique challenges. Our aim is to offer insights about ideas and integrated solutions – and to build bridges between potential partners.

The event is co-organised together with the Slovenian Ministry of Foreign Affairs and SPIRIT Slovenia – public agency of the Republic of Slovenia for the promotion of entrepreneurship, innovation, development, investment and tourism. It will take place at the Minorite Church and Monastery in Maribor (Vojašniški trg 2, 2000 Maribor), on 6 September 2022.

Please register HERE to join us on 6 September 2022 in Maribor, Slovenia.

Electricity is like food and water for people living in 21st century and is an essential power that drives our daily lives and our businesses. With the growing human population and growing need for electricity in our lives, throughout the history we have discovered many ways for its production (e.g., fossil fuels, nuclear energy, wind turbines, solar and hydro energy). 

But one of the major challenges the world has been facing in last years is how to generate more (and enough) electricity in an environmentally friendly and sustainable manner. We can find the answer in transition to green, producing fewer negative effects as with fossil fuels. Going green is also the answer when we consider changes in global energy markets and growing dependence on some resources.

Green energy: clean and renewable 

Green energy is coming from natural resources like sun, water, wind, biomass, geothermal energy. It is renewable and clean, with a lowest carbon footprint possible. Renewable means that it comes from sources, constantly being naturally replenished (sun, water, wind) and clean means that it releases far less greenhouse gases and pollutants into the air. This is not just good for the planet but is also good for the health of people and animals that breathe this air. Great example of renewable, green and clean energy comes from wind, environmentally friendly, self-replenishing and non-polluting source. But not all sources are green. Power generation that burns organic material from sustainable forests may be renewable, but due to the CO2 produced in the burning process, is not necessarily green.

Slovenia produces around 85 % of its own electricity (and the demand on consumption side is growing), the rest is imported. Renewables play an important role in electricity generation, but with current consumption rising, in short term, they are not expected to become the only source. The structure of electricity use is constantly changing due to heat pumps, air conditioning and increased electromobility.

Now the main source of green electricity is water. Solar and biomass energy follow, with only a sample of wind power; even though wind has become the most important renewable source of electricity in the EU in 2017, displacing hydro.

Electricity distribution networks – backbone of the green energy transition

Electricity distribution networks are acting as an essential infrastructure for sustainable development and the backbone of the energy transition providing advanced electricity services as key to successfully implementing the transition to a low-carbon society. One of main challenges is to continue with heavy investments in reinforcing the distribution network, aiming to increase capacity and to integrate distributed resources. Also digitalisation of the network in order to enable new services for users, to limit peak demands, provide flexibility in usage and the automation of processes is needed. By creating a smart grid, we want to ensure that investments are made where they will have the optimal impact.

Embracing shift in consumer behaviour

Elektro Maribor d.d., the second largest electricity distribution company in Slovenia, is going towards smart and green future. Being able to provide as green electricity with the lowest cost and power loss in our distribution network as possible, our job is also to make our users aware of the importance of environmental care and the role of green electricity as well as to help them make informed sustainable decisions.

Climate change might be the most complex risk facing society today and customers want companies and organisations to empower them to make more sustainable choices that result in broader environmental benefit. The fact is that fossil fuels need to become a thing of the past as they do not provide a sustainable solution to our energy needs. By developing a variety of green energy solutions, we create a sustainable future for our energy provision, without damaging the world we all live in. Especially younger generations are increasingly likely to make purchase decisions based on values and principles. They are willing to pay more for sustainable products.

Using clean energy, act on climate, love nature are also just few of Good Life Goals*, set of personal actions that help everyone contribute to the UN Sustainable Development Goals, that have been shaped through a multi-stakeholder collaboration between educational institutions, governments, environmental organisations as well as UN Environment, UNESCO and WBCSD. 

* https://sdghub.com/goodlifegoals/

Telekom Slovenije understands sustainable operations as the responsible management of the economic-governance, social and environmental impacts of its operations. The principles of sustainability are included in the Company’s operations, products, services and content to the greatest extent possible. The Company believes in simple and secure solutions, and acts prudently and responsibly in its everyday work to achieve that end, with the knowledge that it generates benefits with ICT. Benefits for the Company. Benefits for employees. Benefits for shareholders. Benefits for society. Benefits for the environment. Benefits for all stakeholders.

From all aspects of sustainability, the Company has set measurable objectives that include the provision of the most advanced technologies to the population, the treatment of employees with care, a responsible answer to events in the social environment and concern for energy efficiency. More than ten years ago, we aligned our sustainability reporting with the requirements set out in the GRI standards. Compliance is verified every year by external institutes.

To that end, special attention is given to concern for employees, as the Company is aware that satisfied employees are crucial to successful operations. The Company creates a stimulating and pleasant work environment, open to innovation and cooperation. Telekom Slovenije provides for continuous employee training and education in various areas, and introduces innovative approaches for empowering employees. The Company is active in the areas of health and the prevention of burnout, and upgrades employee remuneration and motivation systems. It dedicates special attention to young families, facilitates flexible working hours to simplify the balancing of work and personal obligations, and organises numerous activities to strengthen the employer brand and organisational culture in the direction of mutual cooperation. Telekom Slovenije’s success in this regard is confirmed by receipt of the prestigious international Top Employer certificate for 2022 awarded by the Top Employers Institute. That certificate represents an international professional standard in the area of recognising excellence in the practices that companies implement for their employees. Companies that receive the title of Top Employer are considered the most desirable employers and demonstrate their commitment to create the best possible work environment through excellent HR practices and employee development programmes.

Telekom Slovenije is also the holder of the full Family-Friendly Company Certificate and the Socially Responsible Employer Certificate, and ranks among the ten most reputable employers in Slovenia.

Last but not least: Telekom Slovenije is the owner of Soline, which manages the Sečovlje Salina Nature Park, where the past and present still go hand in hand. Traditional manual salt harvesting, based on 700 years of tradition, is not just a special feature of the cultural heritage of Mediterranean Slovenia, but also provides the conditions for preserving the most important natural heritage of the Sečovlje saltpans. Important objectives include the protection of nature, the preservation of extraordinary natural and cultural values, the protection of indigenous, rare and endangered flora and fauna, natural ecosystems and the features of inanimate nature, and the preservation of and care for the cultural landscape. All activities are focused on ensuring compliant and sustainable development.

The website is user-friendly and visitors can easily find the information they are interested in on the map. They can access general information about the quality of water, air or soil on a scale ranging from  – Good,  Borderline, Warning to Bad – at any location on the map, as well as providing the specific values registered on the day of sampling, by simply clicking on the icon for water, air or soil. The user who requires more in-depth information can get an additional explanation of the data by clicking on the “i” mark.

In the future, we plan to upgrade the system with online and mobile user interfaces, to make the information accessible to users of all digital devices. The data and the developed indicators can be easily transferred to other platforms simultaneously, namely – mobile applications, other websites, digital billboards and various other information systems.

We will continue to upgrade the content of the system, which means that we will be able to include other parameters or indicators that relate to the state of the environment, as well as data on the state of health in the municipality. The content upgrade will be dependent on the environmental and health data available and will be on display to the general public.

We also want the participation of the general public in the design of the upgrades. Citizens can send their suggestions and comments to the e-mail address info.okolje@maribor.si, with the note “Maribor – environment and health”.

We will study the received initiatives and comments and meaningfully include them in the map with the aim of bringing it as close as possible to citizens and making its contents as useful, comprehensible, interesting and user-friendly as possible.

We expect that the system will significantly contribute to a higher level of citizens’ awareness of the state of the environment they live in and its impact on health.

The interactive map is available HERE.

Slovenia is a trailblazer in the Green Scene, being named the world’s first Green Destination in 2016,  voted the World’s Most Sustainable Country by National Geographic in 2017, and Ljubljana was acclaimed as Europe’s Greenest Capital in 2016, scoring 96% of 41 criteria including air quality, water and waste and green business.

Slovenia has become recognised as one of the most desirable green destinations in the world, and plays host to many festivals, music concerts, sports events and conferences, and therefore, requires to actively contribute to the rapidly evolving ESG  guidelines for event management.

Festivals, music events and international sports events are making dramatic changes concerning sustainable venues and renewable energy, and together with conference organisers, they are also looking at green travel, locations, suppliers and supply chains.

Companies in Slovenia are paying lip service to ESG issues but few appear to have established the all-important ESG Comittees necessary to devise their own specific ESG strategy. Positive moves to reduce paper useage are widespread, the option of working from home reduces Carbon emissions from car transport, many companies have eradicated the use of plastic cups, by using reusable cups and mugs , Slovenia’s enviable tap water is served at meetings and travel by foot and bicycle is actively encouraged – but is this enough?

AZN, the Slovenian Insurance Regulator, is actively addressing some of the main ESG issues at their 7th annual conference in Ljubljana on the 6th  September. 

It will hold panel discussions on how the insurance market, as an integral part of the Financial Services sector  is taking proactive ESG steps to make Europe the first carbon- neutral continent.Guest speakers include  many leading lights from Europe,including the new EIOPA chairperson, Petra Hielkema, Michaela Koller, Director General at Insurance Europe, Prof. Karel Van Hulle, KU Leuven and Goethe University Frankfurt and many other experts.  

The panels will also look at the ‘ S and G factors’ at board level and amongst employees in the Insurance industry. Is there real gender equality , and the diversity necessary to bring in new perspectives? Are Human Rights issues considerd in investment policies and supply chains?

It will also discuss how the Financial Services sector is looking at assets held by insurance companies including the  increasing predominance and active investment in companies who have transparent ESG strategies, and how they are  dealing with ‘black’ companies, who have made written committments, and are currently undergoing transformations with the goal of carbon – neutrality by 2050.  

The event is open to a wide audience, including policy makers and leaders in the insurance industry, and will try to find innovative solutions to current ESG issues and establish the insurance industry as a key player in the financial services sector and its attempts to make Europe the first Carbon-neutral continent.

Looking at some examples of big events in Europe, we can learn from their ESG strategies to save the planet.

Wimbledon, UK,  established in 1877, is the oldest, and most prestigious tennis tournament in the world. And quintessentially English, a tournament where the ‘tennis whites, all white’ players’ dress code still prevails. The 42,000 daily spectators are required to dress ‘smartly’, particularly on Centre and No 1 courts.

So how has Wimbledon adapted to ESG guidelines?

Wimbledon is a signatory to the UN Sport for Climate Action Framework with goals for reducing emissions to net zero through overall use of LED lighting; being resource efficient by reducing the resources used and increasing the proportion of recycled content, such as cups, cutlery and plates, and using stored rainwater to water the grass courts. It also aims to contribute to a net gain in biodiversity by 2030.

Wimbledon currently buys and uses renewable energy, they are installing LED lighting throughout the grounds, and use solar panels on indoor courts and at the Community Tennis Centre. They have replaced their fleet of petrol-fuelled VIP and hospitality cars and horticultural equipment with electric-powered vehicles. Wimbledon also promises to compensate for unavoidable emissions through forest protection schemes and offsets and to publish its Carbon emission scorecards publicly.

The World Athletics forum has implemented a ‘Sustainable Events Management System’ promoting  ‘Athletics for a Better World’ by measuring adherence to their ESG goals. The scheme is being piloted in each of the 5 World Athletics series and offers Best Practice principles. They encompass the environment, suppliers, builders, sponsors and stakeholders and will become an integral part of the bidding and sanctioning process, making sustainability a key factor in how and where events are held – hopefully avoiding a repeat of the questionable choice of Qatar for the FIFA World Cup.

World Athletics have addressed the E and S challenges with a trial ‘Run Smarter City Challenge’, aimed at promoting physical fitness and raising awareness of air quality. It has also launched an educational e-module programme through webinars and talks, using notable international athletes’ platforms to distribute the message globally. It also promotes ‘Diversity, Inclusion and Wellbeing’, protects athletes from online abuse, and aims to engage a wider range of stakeholders in promoting the benefits of its ESG strategy. 

The strategy follows a 10-year road map and hopes to promote sustainabilıty, sustainable production and consumption, reduction of carbon emissions, local environment and air quality, global equality and diversity, accessibility and wellbeing. Regular and transparent reporting of progress will be freely available to the public.

 In the music world, trailblazers include Radiohead, a UK band, who in 2007, introduced the concept of ‘green touring’ with their ‘pay what you want’ online album, ‘In Rainbows’, accompanied by the request that fans support The BigAsk Climate Change campaign.

Radiohead commissioned carbon footprint analysts to calculate their carbon footprint, and subsequently, have cut their carbon emissions, through lighting with LED, transporting their equipment using ships and trains, and using only recyclable materials and reusable tour merchandise. The band have actively promoted green travel to fans and crew – emphasizing carbon savings and asking their fans to leave their cars at home and travel ‘green’. It is estimated that 1/3 of all carbon emissions arise from fans and performers’ crew’s travel and 1/3 from the venue.

On the opera front, the renowned private opera venue, Glyndebourne, UK, encourages attendees to have traditional outdoor picnics on the grounds of its 1250-seat auditorium where it welcomes over 100,000 visitors p.a to the delights of modern and classical opera. A 67-metre high wind turbine was constructed in 2012, and its output now exceeds all its annual electricity needs, providing low-energy LED lighting in the auditorium and car park, controlled by timers and light sensors, as well as installing additional electric car charging points for customers and staff. Responsible waste management provides fertilizer for the gardens,  and a ban on disposable cups has led to net-zero waste. 

In Europe, there has been a general push towards sustainable music festivals, with an increase in hybrid concerts using interactive virtual reality streaming, ‘pay- what- you- want online albums, promotion of green travel, use of renewable energy and banning of plastic merchandise, cups and straws. 

Will Hutton, British author and academic, says ‘The arts have an immensely powerful platform to help ignite social and legislative change. We need everyone to be involved – the live sector, recording companies, streaming partners and, of course, the artists.’ 

Conference centres, assisted by COVID 19, are adjusting to the hybrid conference, and centres such as Cankerjev Dom in Ljubljana, provide only Slovenia’s high-quality tap water at conferences, have reduced their consumption of natural resources, use local suppliers and organic food and only eco-friendly cleaning products. And, in my opinion, wins the prize for innovation, with its five rooftop beehives housing a population of 500,000 Carniolan honeybees. The bees aid biodiversity through pollination and promote apicultural heritage, leading to a UN endorsement of Slovenia’s Save the Bee Day initiative. Their annual honey production is between 40-100kg – and it’s excellent honey!

These are just a few examples of how ESG strategies can save the environment in the world of event management, be it sport, the arts or business, but to summarise, I think there are 5 key factors to consider.

1. Create an eco-friendly venue with LED lighting and accessible renewable energy from wind and solar panels.

2. Reduce and recycle food waste as fertilizer, use organic and seasonable food produce from local suppliers.

3. Use paperless communication and provide labelled trash bins.

4. Actively promote green travel options to performers, fans and attendees, such as carshare, public transport, and foot or bicycle for local venues.

5. And last, but not least, set up an ESG committee involving a cross range of stakeholders including attendees, suppliers and vendors, so that together they can create a strategy for a sustainable event that benefits all of us and our planet. 

Actions speak louder than words!

European union has put the highest priority to green energy as one of the most important steps towards greater energy independence. This direction demands long term structural changes and investments, shifting from fossil fuel electricity consumption to green one. Green energy is generated from renewable energy sources like solar, wind, geothermal energy, hydropower and biomass.

Slovenia produces around 85 % of its own electricity, the rest is imported. Renewables play an important role in electricity generation, but with current consumption rising, in short term, they are not expected to become the only source. Now the main source of green electricity is water. Solar and biomass energy follow, with only a sample of wind power; even though wind has become the most important renewable source of electricity in the EU in 2017, displacing hydro.

Taking into consideration the open electricity market as well as Slovenia’s energy and climate policy goals, the electricity distribution network is facing new challenges. As its primary task is to ensure reliable, secure, and efficient distribution of electricity to around 940,000 users, quite some investments for modernisation in line with international trends for efficient green transformation will be needed. 

The existing electricity system has been serving users efficiently, reliably, and safely for over 100 years, but today it faces several new challenges arising from bigger consumption and peak loads, ageing infrastructure, spatial constraints and the associated problems of placing risky infrastructure, environmental issues and dispersed generation. Our electricity system is not ready for the cost-effective integration of new elements (distributed electricity resources, electric vehicles, heat pumps) into the system. Information technology will play an increasingly important role in the future development of the electricity distribution network, providing information support for all processes within the smart grid concept. Coordinated action in the technological, regulatory, economic, and sociological fields is crucial for the establishment of an effective smart grid concept.

Innovative services are being developed, but they must be adequately supported through communication with the public, particularly in terms of raising awareness among users of the system. If any of these areas are neglected, the concept of smart grids in Slovenia will fail. 

Elektro Maribor d.d. is going towards green and smart future. Being in a position to provide as clean electricity as possible, our job is also to make our clients aware of the importance of environmental care and green energy usage. 

In Elektro Maribor, we are serious about climate changes. It is our job as humanity to prevent even more damage and accelerate the possibilities for green energy. It is time to act.

Energy transition is complex due to the prism of supply chains, product life cycles and the sourcing of appropriate suppliers. Energy companies must showcase a defined strategy of how to influence the reduction of carbon emissions. In the strategic period from 2021 to 2025, Petrol Group, the largest Slovenian energy company in terms of revenue, intends to allocate 35% (or EUR 247 million) of its total investment potential to investments in energy transition. The largest part of this investment will focus on energy production from renewable energy sources. They will develop projects to improve energy efficiency, ensure energy security and identify opportunities in efficient energy management and sustainable mobility while using a combination of energy solutions. These projects will be in partnership with cities, local communities, businesses and industry, and will provide customers with regular access to greener energy alternatives.

“A low-carbon society, partnership with employees and the social environment, as well as a circular economy are key pillars of Petrol’s sustainable strategy. At Petrol Group, we see the ESG area as a kind of compass for our sustainable efforts, or as part of our code of conduct and search for new opportunities,” comments Marta Svoljšak Jerman, Area Manager of Sustainable Development, Quality and Safety Division at Petrol Group. The Group first reported on sustainable activities and sustainable investments in line with the EU taxonomy for the year 2021. Investments in fixed assets in activities that are acceptable for taxonomy and thus sustainable, amounted to 57%, while the revenues of these activities currently represent just under 2% of total revenues.”

“We work with partners on projects that contribute to more efficient energy use or better energy efficiency. We are talking, for example, about projects for the installation of solar power plants, energy renovations of buildings and cities, installation of heat pumps, electric mobility, renovations of public lighting, district heating, use of excess heat, etc. It is often a matter of designing a new concept of an energy system that is modern, efficient and environmentally friendly. Comprehensive energy solutions bring energy savings to users and at the same time ensure improved living comfort and productivity while increasing the aesthetics and value of buildings.” says Svoljšak Jerman, and adds “European research projects involve the development of multi-partner solutions and a high level of innovation. Together with the company Elektro Celje and the Faculty of Electrical Engineering in Ljubljana, Petrol Group established the first Slovenian local self-sufficient energy community in Luče as part of the COMPILE project.

The task of large companies is to be active in the field of awareness, they must offer a choice and the opportunity for customers to decide for themselves. Its task is to provide a quality and sustainable range of services and products, and its mission should be aligned with this approach.

“An additional advantage of the Petrol Group is that, given the nature of our business, we can be in physical contact with consumers every day, which further increases the possibility of a positive impact. A large proportion of the younger generation is already thinking differently, so we can take advantage of this willingness and desire to be fairer in their energy usage and explain this to them through projects, make it achievable and show them what is possible. We believe that it is also time for social projects that will bring energy literacy closer to young people,” states Marta Svoljšak Jerman.

The (green) energy transition is the result of connecting processes that have not been so significant in the past. Petrol Group has set up a Sustainability Committee, which gives a broader message that sustainability is very important. More and more of their co-workers are thinking and acting sustainably in their work environment. According to testimonies, this is reflected in the selection of alternative means of transport to get to work and using one’s pots on coffee machines etc. As part of the partnership with employees, several projects are already underway, namely, “I, too, reduce my carbon footprint” and the introduction of “Sustainability Ambassadors”. The Petrol Group also calculated the carbon footprint for the parent company, which they actively oversee.

When considering the future, two fundamental concerns are at the forefront. Namely, the security of energy supply and energy poverty. These are a key focus, and, in the spirit of not forgetting to keep commitments instigate discussions on opportunities for being more frugal and self-sufficient. This is one of the key pillars of sustainable development – for both energy companies and wider society.

A great deal of research is being done on a global and a local level to find solutions, but unfortunately, there are no commercial solutions as yet. Eliminating “unfinished product” is much slower than increasing the burden of the carbon footprint. As a result, a huge amount of venture capital needs to be invested, which can be shared between partnerships. Interdisciplinary networking between different stakeholders in European projects is very useful. The most sensible approach to decarbonizing supply chains for a sustainable future is based on the right actions, the right business decisions and regular monitoring of results.

The most sensible approach is based on the right actions, the right business decisions and regular monitoring of results.