Sustainability Wire: Mainstreaming Sustainability: News & Content Highlights from Equity Research

Research evidence excerpt

Sustainability Wire: Mainstreaming Sustainability: News & Content Highlights from Equity Research

J P M O R G A N Europe Equity Research

24 July 2026

Sustainability Wire

Mainstreaming Sustainability: News & Content

Highlights from Equity Research

Top of the Agenda…

• EU ETS Reform Proposal – Key Take-aways & Stock reactions. The

European Commission unveiled its proposed reform of the EU Emissions

Trading System, aiming to preserve the core carbon price signal while

providing industry with the flexibility and incentives to pursue the least-cost EMEA Sustainable Investing

decarbonisation pathway and to remain competitive within Europe. We Research

highlight key proposed changes and stock reactions vs. last close for the AC Jean-Xavier Hecker

“carbon sensitive” stocks previously identified in our preview, for which ETS (33-1) 4015 4472

verified emissions represent more than 10% of Scope 1. Link jean-xavier.hecker@jpmorgan.com

• EU Electrification Action Plan: Targeting a Doubling of Electrification – J.P. Morgan Securities plc AC

Key Policy Catalysts, Execution Risks & Stock Ideas. In our view, the plan Noemie de la Gorce, CFA

is a demand-pull and cost-reform package and a clean and transparent (44-20) 7134-4229

noemie.delagorce@jpmorgan.com

execution will be crucial to see this as a catalyst for action and investment. We J.P. Morgan Securities plc

have also updated the activity and technology mapping of our “Electro AC Hugo Dubourg

Sovereignty” list with 32 JPM OW rated stocks. Link (33-1) 4015 4471

• Seven out of 10 companies reporting under the EU’s Corporate hugo.dubourg@jpmchase.comJ.P. Morgan Securities plc

Sustainability Reporting Directive (CSRD) now disclose climate transition

Ojasvee Shah