E.ON CFO to Advise EU Commission on Sustainable Finance

E.ON, represented by CFO Marc Spieker, has been appointed as a member of the Platform on Sustainable Finance. The Platform, made up of experts from the public as well as private sector, will act as central advisory body to the European Commission on sustainable finance.

The Platform will mainly advise the Commission on the technical screening criteria for a EU Taxonomy, which is a classification system for economic activities that are contributing substantially to climate change mitigation, climate change adaptation and further environmental objectives, among other the transition to a circular economy or the protection and restoration of biodiversity and ecosystems.

Members of the Platform on Sustainable Finance were selected based on environmental, sustainable finance or social/human rights expertise. Marc Spieker has deep expertise in the field of sustainable finance. Since his appointment as CFO, E.ON has become the largest German corporate Green Bond issuer, linked the credit margin of its €3.5 billion syndicated credit facility to the performance of certain ESG ratings, introduced new and ambitious climate targets in line with the Paris Agreement and is a supporter of the “Task Force on Climate-related Financial Disclosures”. Marc Spieker will be supported in his work for the Platform by a team of experts from within the E.ON Group.

Marc Spieker said “I am proud to be part of the expert group advising the European Commission on further developing sustainable finance. Sustainable finance is an important enabler for implementing the Green Deal and making the EU’s economy sustainable. I will do my best to bring in my professional experience gained from transforming the E.ON Group to a clean energy and climate transition focused company as well as my comprehensive capital markets knowledge.”

E.ON is in full support of the EU’s climate targets and commitment to the Paris Agreement. Earlier this year, E.ON has announced new ambitious climate targets and intends to be carbon-neutral by 2040 (Scope 1 and 2). By channeling private sector investments into green and sustainable development, sustainable finance is a cornerstone of achieving the EU’s climate and sustainability targets.