openPR Logo
Press release

Western Balkans energy companies earmark €1.1 bn for UN Sustainable Development Goals

05-20-2019 11:46 AM CET | Energy & Environment

Press release from: Beyond Brundtland

Screenshot of report front page

Screenshot of report front page

Beyond Brundtland

Date: May 20, 2019


Western Balkans energy companies earmark €1.1 bn for UN Sustainable Development Goals

⦁ 14 energy companies in 6 countries are striving to lessen environmental footprint
⦁ Western Balkans energy sector working towards 16 of 17 UN Goals
⦁ New report reveals industry voluntarily made 160 sustainability pledges

Belgrade, Serbia –Beyond Brundtland has launched the Energy Industry Sustainability - Western Balkans 2019 report, the first region-wide survey of energy industry alignment with 17 UN Sustainable Development Goals (SDGs).

Humankind is responsible for roughly 1°C of global warming above pre-industrial levels and the IPCC expects global warming is likely to reach 1.5°C between 2030 and 2052. The IPBES announced that 1,000,000 species are threatened with extinction worldwide, in May 2019. On the other hand, authorities in Western Balkan nations are actively planning the construction of some 2,800 MW of new coal plants, claims CEE Bankwatch Network.

Beyond Brundtland has shined a spotlight on the overall and individual alignment of 14 energy companies in six Western Balkan nations (Bosnia and Herzegovina, Croatia, North Macedonia, Montenegro, Serbia and Slovenia) with the 17 UN SDGs of the 2030 Agenda for Sustainable Development.

The study reveals that the 14 companies set aside €1.1 bn in time-dependent commitments towards addressing environmental, economic and social aspects of 16 out of 17 SDGs. The analysis further reveals that the energy industry has committed to helping 10,000 employees and 30,144 people in the region.

The top three SDGs account for more than 40% of the commitments by the companies involved: 17.5% of pledges were made against the UN’s Sustainable Development Goal 9: Industry, Innovation and Infrastructure, 12.5% of pledges were made towards SDG 10: Reduced Inequalities and 10.6% towards SDG 12: Responsible Production and Consumption. No pledges were made towards Goal 2: Zero Hunger.

Croatia, via its three energy companies that have made specific time-dependent pledges [INA, HEP and HOPS], leads the Western Balkans with 73 specific pledges towards the UN SDGs, followed by Serbia in second place with 49 pledges thanks to commitments by NIS, EMS and EPS.

Croatian oil & gas company INA leads the region with 42 pledges towards the 17 UN SDGs, followed by power company HEP with 30 separate pledges. The list of analyzed companies that had specific pledges towards the SDGs also includes Borzen, Elektro Ljubljana and HSE (Slovenia), EPBiH and NOS BiH (Bosnia and Herzegovina), ESM and MEPSO (North Macedonia), HOPS (Croatia) and CGES (Montenegro).

The analysis is based on the corporate annual reports and corporate sustainability reports for 2017, and press releases covering that period. A preliminary analysis of 28 companies in eight Western Balkans countries (Albania, Bosnia and Herzegovina, Croatia, Kosovo, Montenegro, North Macedonia, Serbia, Slovenia) resulted in the compilation of the 160 time-dependent sustainability commitments by 14 companies in 6 countries (all aforementioned markets, except Kosovo and Albania).

The scope of the report includes companies from the region’s crude oil & natural gas sector, electricity transmission, production and distribution companies, as well as electricity market operators.
In addition to the first overview report on Energy Industry Sustainability - Western Balkans 2019 that has been published, Beyond Brundtland plans to publish in quick succession four in-depth reports on the energy industry’s specific commitments towards SDGs 1-5, SDGs 6-9, SDGs 10-13 and SDGs 14-17.

“This is the first in-depth report on the relationship between the main players in the Western Balkans energy industry towards the UN SDGs and it has revealed a treasure-trove of information. We now know that more than one billion euros has been pledged collectively. Yet, it was surprising to find that the average deadline for these pledges was very short, which indicates there is a lot of room for more ambitious goal setting and targets in the future”.

Beyond Brundtland is a Belgrade-based online analytical platform for evaluating industry alignment with the 17 UN SDGs based on corporate pledges.

More information about the findings from this report can be found on Beyond Brundtland’s website at the following URL: Energy Industry Sustainability - Western Balkans 2019.

Attached images:

1. Screenshot report cover page, Energy Industry Sustainability - Western Balkans 2019:
2. Screenshot report page 3, Report Overview with company names:
3. Screenshot report page 12, Number of pledges by country:

Press contact:

Beyond Brundtland
T +381 64 277 8 288
F:+39 06 233 122 10

Beyond Brundtland is a Belgrade-based analytical company focused on assessing corporate compliance with the United Nations Sustainable Development Goals (SDGs).

Beyond Brundtland

Ulica 34
11000 Belgrade

Press contact: Mr Peter Dubbon

Tel: +381 64 277 8 288
Fax: +39 06 233 122 10

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Western Balkans energy companies earmark €1.1 bn for UN Sustainable Development Goals here

News-ID: 1744988 • Views: 2046

More Releases from Beyond Brundtland

Western Balkans energy companies make 33 pledges towards UN Sustainable Developm …
• 14 energy companies in 6 countries made 15 pledges towards SDG 4 (Quality Education) • Only one pledge towards UN SDG 1 (No Poverty), none towards UN SDG 2 (Zero Hunger) • Regional energy SDG champions: Borzen for SDG 1, INA for SDGs 3 & 5 and NIS for SDG 4. Belgrade, Serbia –Beyond Brundtland has launched the first follow-up in-depth report on SDGs 1-5, as part of its Energy Industry Sustainability - Western

More Releases for SDG

IGEN- GREEN9 SDG Conclave 2020 started with the welcome address by the Organizing Head of IGEN Er. D. Gokul. He briefed about the SDG Conclave 2020 which focussed on SDG goals 7, 9 and 13. The session progressed with Prof. Dr. L. Ramesh, President, IGEN who briefed about the goal of IGEN- GREEN9. He spoke about the existing 20 EnSav clubs and how 2 villages have been reformed to meet
Honeycomb Core Market 2019 : MachineTek, Coast-Line International, SDG Hollow Me …
The Honeycomb Core market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Honeycomb Core industrial chain, this report mainly elaborate the definition, types, applications and major players of Honeycomb Core market in details. Deep analysis about market status (2013-2018), enterprise competition pattern, advantages and disadvantages of
Honeycomb Core Market Is Thriving Worldwide with SDG Hollow Metal, Panel Built, …
HTF MI recently introduced Global Honeycomb Core Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Tricel Honeycomb, MachineTek, Coast-Line International, SDG Hollow Metal, Panel Built, Prime
ParaBlu Partners with SDG Corporation to take its Cloud Security Offerings to En …
Cloud Security Solutions provider ParaBlu Partners with IT Security and Risk Management Solutions provider SDG Corporation to extend its reach globally in delivering Secure Cloud for Enterprises. Burlingame, CA – June. 02, 2016 -- Parablu, Inc., the US based provider of CASB-enabled Cloud Security Solutions for Enterprises, today announced a partnership with SDG Corporation, a leading provider of IT security and enterprise risk management solutions. The partnership combines ParaBlu’s awardwinning
The SDG Group offers Building Innovative Thinking Skills Workshop
The SDG Group, an innovation training firm, is proud to offer its Building Innovative Thinking Skills Workshop to companies focused on developing competencies in innovation. "Innovation does not have to be as elusive as it seems," says Michael Colucci, owner of The SDG Group. "People innovate constantly. It is a process that happens naturally. Where the disconnect comes is when companies explain innovation in ways that exclude people from that
SDG becomes primary EMEA distributor for License Dashboard
EMEA Specialist Technology Distributor SDG, has been named primary EMEA distributor for Software Asset Management solutions vendor License Dashboard. The announcement will enable SDG to introduce an enhanced range of asset management services across its portfolio. Working closely with its partners, SDG now plans to give resellers the opportunity to offer end users a comprehensive range of products and on demand services. “Put simply, Software Asset Management initiatives allow organisations to streamline