AmCham’s recent Sustainability Forum, hosted by Bull & Co Advokatfirma, brought together engaged members for insights on the upcoming EU Ecodesign for Sustainable Products Regulation (ESPR) – as well as for business implications, investor expectations, and regulatory demands in DNB’s recently released Net-Zero Transition Plan.
“We advise businesses to evaluate tools that enable them to report on the entire lifecycle of their products, to facilitate compliance with existing and upcoming regulations – such as the Transparency Act and the proposed Ecodesign for Sustainable Products Regulation (ESPR),” explained Magnus K. Hagem, Senior Attorney at Bull & Co Advokatfirma. He highlighted that the Digital Product Passport (DPP) is one new and powerful tool for businesses to be able to take lead in sustainable production and enhance transparency in their operations. The proposed DPP regulation, set to be implemented by 2030, will challenge various industries, and Magnus stressed the importance of making informed choices for businesses.
“Sustainability is an opportunity,” stated Gine Wang-Reese, EVP of Public Affairs & Sustainability at DNB, as she unveiled DNB’s Transition Plan and presented the report in detail to our group. Gine delved into the detailed work and insights underpinning the Transition Plan’s framework, covering aspects from methodology to incentives for businesses. She also discussed the plan’s governance, foundations, metrics, and targets. Gine emphasized that “collaboration is key” in the realm of sustainability and, with identified external dependencies, positioned DNB as a driving force behind the sustainable transition.
Gine Wang-Reese
EVP Public Affairs & Sustainability
Magnus K. Hagem
Senior Attorney
Future success is dependent upon running a sustainable business – for people, planet, and profit. Hence, AmCham brings select, cross-industry member company representatives together on an ongoing basis to discuss opportunities, facilitate open exchange and determine how AmCham members can best contribute to Norwegian and US sustainability agendas going forward.
Read more about our Sustainability Forum and please contact Janice.Gundersen@amcham.no for interest in future meetings.
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AmCham’s latest Sustainability Forum, hosted by NHO, brought together members representing diverse industries to learn about the NHO’s newly launched single-use plastic products partnership and from Avinor on how Norway is ideally suited as an international test arena for zero and low-emission aircraft.
