Collaboration Between Competitors On Sustainability Projects Becomes Easier

By making it more achievable for competitors to meet sustainability targets, the European Commission wants to promote sustainable development projects.

Reducing greenhouse emissions, promoting human rights and many other sustainability goals in various sectors could be best achieved when companies decide to collaborate. Joining forces can accelerate and broaden the scope of sustainable initiatives.

"However, the joining of forces has been curbed by a well-founded fear that an agreement between competitors would lead to a breach of competition laws. This is why the European Commission adopted horizontal guidelines in the summer to facilitate the assessment of sustainable development agreements," says Lotta Uusitalo, a lawyer specialized in competition matters.