Key Topics

The EUKI-projects work on the topics of Awareness, Energy, Mobility, Cross-cutting Climate Policy, Buildings and Municipalities, Climate-proof Finance and Sustainable Economy.

EmpowerClimate

“EmpowerClimate” aims to reduce greenhouse gas emissions of three Czech and three Slovakian municipalities by training energy managers, using climate and energy management systems and building a network of experts.

ClimArchiNet – Climate Architects Network

The project “ClimArchiNet” brings together actors in the construction sector to identify barriers to sustainability and solutions including innovative design via workshops and conferences.

Ivy climbing up a house wall

EUKI Interview: Architects for Future

We spoke to Lubica Simkovicova, project coordinator of the first EUKI architecture project. “ClimArchiNet” aims to change the approach to building design in Slovakia and the Czech Republic.

The journalist fellowship gathering in Berlin.

Climate and Energy Fellowships for Journalists in Europe

The “Climate and Energy Fellowships for Journalists in Europe” project connects interested journalists from Europe to build a network and get to know journalists in other countries. They learn about the specifics of reporting about climate and energy issues during the workshops and conferences.

Report on benchmarks for the Just Transition in EU member states based on coal exit plans from Spain, Canada, and Germany. The recommenations look at different issues that arise when workers from the coal sector get unemployed or change their jobs.

Improving climate and sustainability corporate disclosure policies to enable sustainable finance


Improving climate and sustainability corporate disclosure policies to enable sustainable finance

This report by Frank Bold presents an in-depth assessment of climate and environmental disclosures of 303 companies from Southern, Central and Eastern Europe published in 2020 pursuant to the EU Nonfinancial Reporting Directive (EU NFRD).

The aim of this research is to support companies as well as policymakers and supervisors in their mefforts to implement the EU NFRD, and substantiate the discussion on the legislative changes and standardisation of sustainability reporting.

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Improved Sustainability Corporate Disclosure Policies

New data shows some, yet insufficient progress in companies’ climate and environmental disclosures at a turning point for sustainability reporting in Europe

Improved Sustainability Corporate Disclosure Policies

From the Community



New data shows some, yet insufficient progress in companies’ climate and environmental disclosures at a turning point for sustainability reporting in Europe

by Susanna Arus, Frank Bold ,”Improving climate and sustainability corporate disclosure policies to enable sustainable finance” project

Research on the climate and environmental disclosures of 300 companies from Central, Eastern and Southern Europe shows that only a minority of companies – approximately 30% – provide sufficiently detailed information on their climate policies and risks that allows to understand their development, position, performance and impact.


Similar to financial accounting, improving sustainability reporting is essential for better corporate management of pitfalls and opportunities in a fast-changing world. Focusing on relevant and meaningful disclosures is key to produce high quality and decision-useful reporting for companies and investors alike. The information that companies publish on their risks and impacts connected to climate change and broader sustainability matters is the main tool for investors, banks and financial market participants to understand the activities and strategies of the businesses they invest in.

The legislation for sustainability disclosures in Europe will be reformed in 2021, as part of a major overhaul of financial market regulation. Importantly, these reforms include plans to create accompanying reporting standards. This is a turning point for European policymakers, who have a unique opportunity to address the gaps identified in the study and provide much-needed directions and certainty to companies operating in critical sectors.

The research has been implemented by Frank Bold as part of the European Climate Initiative (EUKI), established by the German Federal Ministry for Economic Affairs and Climate Action (BMWK).

Key findings include:

  • Climate policies, plans and risks: 
    • 42% of companies don’t explain principal risks. When it comes to policies, 23% don’t report relevant information and 46% don’t describe outcomes of their implementation
  • Targets: 
    • Relatively few companies report on climate change targets (16%) and specific risks in a way that takes into account the planned transition of the European economy to a low carbon model (for example by using science-based methodologies to determine the decarbonisation target and timeline)
  • Task Force on Climate-Related Financial Disclosures (TCFD) and the finance sector:
    • The number of companies disclosing information corresponding to the TCFD-based criteria for risk reporting, such as time horizons, climate scenarios, strategy to manage risks, etc., remains very low (between 2% and 28% depending on the criteria). Similarly, financial companies surprisingly do not use indicators on their climate risk exposure as recommended by the European Commission
  • Emissions & turnover
    • Reporting on Scope 3 emissions (24%), greenhouse gas intensity (32%) , and turnover from sustainable activities (5%) is not very common, despite being highly material for companies analysed
  • Environmental matters: 
    • The assessment of companies’ disclosures on the use of natural resources, pollution and biodiversity follows a similar pattern, with even lower levels of reporting specific information (10%)
  • Positive developments: 
    • There is timid but promising progress (16% increase of companies providing specific information on their policies), but this improvement is mainly concentrated in Spain, with a 20% increase in climate target reporting
  • Regional differences:
    • While 25% of South European companies explain alignment with science-based climate targets, only 4% in CEE do so

Clearer obligations and standards are needed to clarify what companies in different sectors are expected to report and how these disclosure requirements are implemented. Similarly, it will level the playing field and ensure businesses in all countries are fit for the future.

The project organised two online events to present the results of the research providing a presentation of key findings and insights for companies in Southern Europe and CEE. The events featured key experts, business and financial actors and regulatory representatives.
  • 1) Are companies in Southern Europe ready for the European Green Deal (see recording in Youtube or read the summary of discussions here)
  • 2) Companies’ climate and environmental disclosure in the CEE: progress, gaps and opportunities (recording here)

Background information:

Following the obligations introduced by the EU Non-Financial Reporting Directive in 2018, large companies, banks and insurers are obliged to disclose relevant information on environmental matters, social and employee issues, human rights and anti-corruption. However, as shown by previous research of the Alliance for Corporate Transparency on the disclosures of 1000 European companies, the quality and relevance of information is still critically poor. The European Commission will present a proposal for a reform in early 2021, while the EU Parliament will vote on the issue in Autumn.

The European Union has an ambitious agenda for sustainable finance that focuses on redirecting private and public money to sustainable activities, and works toward covering the €180 billion of additional investments a year needed to achieve the EU’s 2030 targets agreed in Paris. The Green Deal and Recovery Package also directly refer to the need for reliable and meaningful sustainability data from companies. Furthermore, investors, accountants, banking associations, consumer groups and leading companies are calling for the standardisation of sustainability reporting at both EU and international level. All these actors, as well as global initiatives such as the Task Force on Climate-related Financial Disclosures are identifying slow but insufficient progress. The process to reform the EU legal framework has the potential to strike the right note in this direction.


In how far could the European recovery programmes after the coronavirus pandemic turn out to be a “trojan horse”?

The Cyclurban “Lessons-Learned Report”


The Cyclurban “Lessons-Learned Report”

The report of the Cyclurban project provides an overview of the cycling situation and activities in Estonia, Greece, Croatia, Latvia and Poland. It summarizes the project activities, the route choice experiment and the BYPADs (Bicycle Policy Audit). In addition, the report presents the situation of cycling in each project city. For each country chapter there is an illustration to get an idea of how cycling in the project cities could look like in the future.

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English version
Croatian Version
Estonian Version
Greek Version
Latvian Version
Slovakian Version
Polish Version

Cycling as an Element of Urban Climate Mitigation Policy

Bicycle Traffic: National Policy Recommendations & City Strategies


Bicycle Traffic: National Policy Recommendations & City Strategies

These publications analyse the integration of cycling in the transport systems of Croatia, Estonia, Greece, Latvia, Poland and Slovakia. In addition, analyses to city cycling strategies were carried out in selected cities of each participating country. The reports focus on Legislatives Changes, Capacity Building, Education and Awareness Raising as well as Infrastructure.

Croatian national policy recommendation (Croatian)
Estonian national policy recommendation (Estonian)
Greek national policy recommendation (English)
Latvian national policy recommendation (English)
Polish national policy recommendation (English)
Slovakian national policy recommendation (English)

City Strategy Velika Gorica, Coatia (Croatian)
City Strategy Tartu, Estonia (English)
City Strategy Drama, Greece (English)
City Strategy Riga, Latvia (Latvian)
City Strategy Warsaw, Poland (Polish)

Cycling as an Element of Urban Climate Mitigation Policy