ABOUT Business4Climate

The Cyprus Employers and Industrialists Federation (OEB), the Cyprus University of Technology (project coordinator) and the Department of Environment of the Ministry of Agriculture, Rural Development and Environment, participate in the European programme Business4Climate. The programme aims to commit businesses to more actively involved in climate action by reducing their greenhouse gas (GHG) emissions by 8% until 2030.

The program aims to provide Cypriot businesses from all economic sectors that do not participate in the European Emissions Trading System (EU-ETS), the necessary tools for identifying greenhouse gas emissions that derive from their activities and to help them prepare a customized action plan targeting the reduction of their emissions.

Project’s activities include the development of a methodology for the identification of baseline GHG emissions, the training of businesses on climate action and the identification of available and future financing schemes of GHG reduction-related projects in Cyprus.

The project is funded by the RIS Climate-KIC through the European Institute of Innovation and Technology (EIT).

Why should my company participate in this initiative?

Participating companies will develop and implement an action plan until 2030 in order to reduce their energy and natural resources consumption. Actions may include improvement of energy efficiency in buildings, use of renewable energy sources, energy saving and responsible waste management. By managing their resources in a more efficient and sustainable way, a company reduces their operating costs as well and thus becoming a more competitive one.

Simultaneously, the participating companies become members of the Energy Efficiency Network for Businesses.
By participating to the Business4Climate initiative, businesses prove that they take actual action in the effort for the reduction of the greenhouse gas emissions, thus contributing to the achievement of the national targets of Cyprus for the reduction of the greenhouse gas emissions by 2030.

More information about the benefits that arise for businesses you may find here.

Energy Efficiency Network for Businesses

The Energy Efficiency Network for Businesses is operating under the Business4Climate initiative and it is coordinated by the Energy Service of the Ministry of Energy, Commerce, Industry and Tourism, the Cyprus Energy Agency and the Cyprus Employers and Industrialists Federation (OEB). The Network’s aim is to provide information and training to signatories about specific energy efficiency-related topics.

Companies that sign the Business4Climate declaration will become members of the Energy Efficiency Network for Businesses.

The official launch of the “Business4Climate” initiative and the Energy Efficiency Network for Businesses took place on September 25th 2018. More information about the event you may find here.

How can I be part of the Business4Climate initiative?

If your company wishes to come on board and become a member of the Business4Climate initiative, all you need to do is to sign the Voluntary Declaration and send it to the fax number 22 666 661 or to the e-mail address mpapanicolaou@oeb.org.cy:

Once you submit the declaration, the monitoring team of the project will contact you for your next steps!

How can I learn more about the “Business4Climate” initiative?

If you wish to receive further information or clarifications about the initiative and on how you can join the project, you may contact Ms. Markella Papanicolaou at 22 665 102, ext. 206 or mpapanicolaou@oeb.org.cy.