CEN/CLC/JTC 14/WG 4 - Energy financial aspects

Energy financial aspects

WG 4 drafts standards to provide tools to support energy related investments, including energy efficiency improvement actions (EPIAs) and energy supply measures. These standards are intended to enhance the trust in the economic value of such measures and thus extend their implementation by providing the needed materiality to risk assessment and statistical assessment. The drafted standards aim at benefiting stakeholders by: - assisting all financial institutions (private or not) to increase confidence in energy related investments to unlock sustainable finance in the context of energy transition; - fostering sustainable financial conditions and lowering financial risk for energy efficiency measures implementation addressing the value of energy management, energy audits, energy saving, energy performance contracting, project management, energy measurements and monitoring; - expanding the adoption of sustainable energy efficiency and performance measures for Small Medium Enterprises (SME) and public institutions; - providing the basis for further policy action in the area of sustainable finance, including technical standards, labels and any other potential rules; - providing all market participants and consumers with a standardized framework and common language of which Energy Performance Improvement Actions (EPIAs) can unambiguously be considered sustainable; - providing best practice procedures for transparent and retraceable valuations of energy related investments. WG 4 strives to link and harmonize standards with financial institutions’ due diligence, underwriting procedures and Eurostat recording requirements in Governmental accounts, to reduce cost compared to a process of selfcertification while improving adoption of best practices.