Low-carbon transition and business competitiveness in spotlight at STB
According to the organizers, this initiative is part of STB's CSR strategy, which actively supports its clients and partners in facing new European regulatory challenges, notably the Carbon Border Adjustment Mechanism (CBAM).
The main objectives of this event were to inform and raise awareness among businesses about CBAM-related issues and its impact on exports.
It also aimed to explain carbon footprint accounting methodologies and available tools, as well as to highlight feedback from companies already engaged in decarbonization efforts.
The forum served as a platform to present support solutions and Tunisian innovations related to the low-carbon transition.
As a pioneering public bank, STB Bank reaffirms its commitment to sustainable development and the competitiveness of its clients.
Why This Forum?
The CBAM is a turning point for exporting companies. It imposes a carbon price on products imported into Europe, directly affecting the competitiveness of Tunisian industries.
Anticipating these requirements means not only mitigating risks but also seizing new opportunities: access to green financing, entry into new markets, and increased attractiveness to investors.
A Holistic Approach
Given the current situation, Tunisian companies, especially exporters, would benefit from initiating and accelerating their decarbonization processes in preparation for the CBAM, set to come into force in 2026.
Under this regulation, importers in the European market must declare the emissions associated with the production of imported goods and may be required to pay an additional tax on those imports.
To decarbonize, a company must first define GHG (greenhouse gas) measurement and reduction objectives, conduct an emissions inventory to calculate them, and identify direct and indirect emissions linked to its annual operations.
Then, especially for exporters, it will likely be necessary to quantify the carbon footprint of their products to meet international standards. This includes measuring emissions and carbon capture throughout the entire life cycle, from the extraction or generation of raw materials to end-of-life processing.
The development of a low-carbon strategy comes after emissions quantification, with the aim of setting medium- and long-term reduction targets. These should align with existing sectoral or national pathways, according to the document, which also provides an analysis of national frameworks in Italy, Spain, and Germany concerning GHG emissions.
Tunisia's decarbonization strategy adopts a comprehensive approach, particularly in its resilience component, taking into account current and future developments in vulnerable priority sectors, climate evolution, and the country's socio-economic situation. It sets long-term adaptation goals for Tunisia to climate change, identifies key areas of focus, and outlines the resources needed to achieve them.
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