Weekly (AO) | Transition & ESG weekly

Research evidence excerpt

Weekly (AO) | Transition & ESG weekly

News comment

20 May 2026

Anastassios Adamopoulos

Sustainability Analyst

+44 207 621 5187Weekly

Transition & ESG weekly

Key points:

We saw another busy week for Transition Enablers in our universe. Among the stocks in Green Impact Selection, Arcadis,

Bakkafrost and NIBE saw their target prices change. Elsewhere, IMI and Interpump Group upgraded from Hold to Buy, while

NKT and National Grid were two of the other stocks with TP changes.

Our monthly regulation and policy monitor highlights the updates to the EU ETS, the efforts to reform the CO2 regulations for

autos and the SFDR, a new low-carbon subsidy scheme in Germany and a rare earths strategy in France.

We also comment on Volvo settling its long-running emissions-related dispute in the US, as well as on the new allegations made

against Ottobock.

Our Energy efficiency digital conference takes place on 23 June. We will welcome the CEO or CFO of nine companies (Siemens

Energy, Linde, Saint-Gobain, RATIONAL, GEA Group, IMI Plc, and NIBE already confirmed). Registration upon

smartconnect.conferences@keplercheuvreux.com.

TRANSITION ENABLERS

Georg Fischer | Buy | Martin Flueckiger - A global market leader in Flow Solutions - Swiss Seminar Feedback PDF

GF has largely completed its strategic transformation into a pure-play flow solutions company by divesting the two divisions, GF

Machining Solutions and GF Casting Solutions, in 2025 and in February, respectively.

The company's Strategy 2030 is designed to drive profitable growth with a strong focus on new growth opportunities based on its

premium, service and solution-led offering.

Due to the conflict in the Middle East, GF has limited its sales to core offerings in the Gulf region. GF will push price increases,