French companies are engaged in the energy and climate transition. They therefore welcome the proposals in this package. They are particularly mindful that the proposed framework be able to trigger the unprecedented amount of investment needed for the transition, while maintaining economic activity within Europe.

AFEP strongly supports the European objective of climate neutrality by 2050, as well as the increased climate objective of the EU for 2030. French companies are engaged in the energy and climate transition. They therefore welcome the proposals in this package. They are particularly mindful that the proposed framework be able to trigger the unprecedented amount of investment needed for the transition, while maintaining economic activity within Europe.

In the context of the public consultation of the European Commission on the review of the EU “Blocking Statute” aiming at neutralising extraterritorial measures by third countries, AFEP has put forward its priorities.

In the context of the public consultation by the European Commission on the review of the 15 point Action plan on Trade and Sustainable Development (TSD) provisions in the EU FTAs, AFEP has clarified its position on the type of “TSD” commitments and enforcement mechanisms to be favoured

Several modifications are envisaged: scope extension, enhanced flexibility and simplification of the existing rules, better targeting and improved coherence with other EU environmental and energy policies.

AFEP welcomes the adoption of the proposal for a regulation on foreign subsidies distorting the internal market as a import step forward to tackle unfair competition based on subsidies from third countries. Large French companies are largely supportive of the proposed text (structure, cross-cutting competence of the European Commission inter alia) and make several proposals to strengthen the instrument while allievating administrative burden and minimizing legal uncertainty for EU companies.

The revision of the NFRD is necessary to harmonise and standardise sustainability reporting and to end the proliferation of frameworks and standards. Despite French compagnies’ extensive experience and the lead they have taken on sustainability reporting, the Commission’s proposal will have a significant impact on their activities.

AFEP publishes its answer to the Commission’s consultation on its draft revision of its RDI state aid framework.

In the context of the current debates in the European Parliament and the Council of the EU on the Digital Markets Act, AFEP published its position and amendment proposals to the Commission’s text.