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“Beyond the strides already being made under current EU State aid policy, the need to achieve “non-economic” environmental objectives is moving quickly up the wider social and political agenda and, in the right circumstances, should successfully trump traditional competition concerns around coordination.”
“With mounting social and political pressure on companies and fund managers to pro-actively tackle climate change issues, a strong ESG profile will be vital, and could in fact be necessary to attract investors. Positive environmental outcomes might in the future help to achieve approval of an otherwise problematic deal, or can be a contributing factor to a deal going into an in-depth investigation where the sector is important to green objectives. A pivot towards putting more emphasis on environmental policy will also mean competition authorities will be on the lookout for deals which look like attempts to reduce the competitive threat of “greener” innovators.”