Greek Vice-President of the European Parliament, Eva Kaili, has been charged with “corruption” in Brussels. She is currently imprisoned, following an investigation by a Belgian judge into payments allegedly made by Qatar to influence decisions within this major EU institution. Eva Kylie did not make use of her parliamentary immunity because the crime she was accused of was found “red-handed” and “ticket bags” in her apartment. Here’s, EXCLUSIVELY, the latest interview Eva Kylie gave before the issue, which will be published in the upcoming issue of Forbes, which will be published at the end of the week.
How would you explain that the luxury industry is particularly affected by its high carbon footprint and by sustainability issues?
Eva Kylie: According to ABC News, the fashion and luxury industries contribute up to 10% of carbon emissions today, more than the aviation and marine industries combined. As the Chief Corporate Social Responsibility (CSR), I am very aware of this latest trend.
And in the European Parliament, we are working closely with all industries to develop guidance to encourage them to rethink their business models to make them more sustainable. In concrete terms, the European Parliament adopted on Thursday 10 November 2022 – emphatically confirmed by the European Council on Monday 28 November – the Corporate Sustainability Reporting Directive (CSRD) proposed by the European Commission in April 2021. This proposal modifies the 2014 Directive on non-financial reporting by Introduce more detailed reporting requirements during the acquisition of additional businesses that will be required to report on sustainability issues such as environmental rights, social rights, human rights, and
factors of good governance. These will also include the luxury industry.
What is the impact of fine jewelry on the environment and what are the possible solutions?
Estonian kronor: This industry is based on the use of primary raw materials, ranging from diamonds to precious stones, all of natural origin. Their rarity is inherent in their value, but diamond mining is highly polluting, which is a huge downside.
The technology that enables man-made diamonds, or gemstones, is becoming increasingly important to the industry, as the finished creations are ultimately indistinguishable from natural stones. In general, man-made diamonds are equal to diamonds found in nature, but created by other means. So our consumers must be educated to understand this last point.
What can artificial intelligence bring to this luxury sector in the field of environmental protection?
Estonian kronor: More than artificial intelligence, blockchain supply chain technologies offer solutions. For example, some technologies can be used to issue unique digital certificates to trace the issuer. For my part, this month I hosted the first European Futures Technology Summit, which focused on how artificial intelligence can lead us towards ecological transformation. Please imagine a world where artificial intelligence can help us create textiles
Or smart materials with features that make them eco-friendly, biodegradable, or reusable. It seems that if we can dream it, scientific and technological excellence can help us achieve it too.
What is your stance on private jets? Should its use be reduced? Ban them as some environmental activists demand?
Estonian kronor: As parliamentarians, we do not completely ban, but we regulate laws in the interest of EU citizens. Similarly, we encourage industries to seek innovations that improve their business models, and hold them accountable to ESG standards. It’s not the technology that should be banned, it’s the way we use it. We remain technology and business agnostic, but definitely innovation friendly. The majority of emissions come from urban development and mobility. So we need to think of alternatives as soon as possible and give people more choices!
Eva Kylie: In 2050, two-thirds of the world’s population will live in cities that will require more supplies than ever before.
Do you think that technological developments in freight transportation are moving in the right direction?
Estonian kronor: In 2050, two-thirds of the world’s population will live in cities that will require more supplies. I realize that many European companies are working on sustainable transportation solutions. We still need to work on building momentum for our freight transportation transition, working on logistics with our cities and towns and rural areas. In this field, our principle of subsidiarity will be the pillar of our cooperation.
Who should support efforts to reduce greenhouse gases? The poorest or the richest?
Estonian kronor: Compensation for “loss and damage” was high on the agenda (for the first time officially) at COP22 in Egypt. Denmark, a member state of the European Union, decided this year to allocate a budget to support developing countries in this direction in September 2022. However, the administration
Human-induced climate change is an obligation of all mankind, developed and developing countries must participate and fulfill their international obligations accordingly. It can never be a one-sided action. However, in Africa, the lack of energy infrastructure means that it has not gone beyond borders, so the more developed countries have, in fact, a greater burden to bear, and greater responsibilities. Likewise, European companies, the largest companies, must adhere to the most stringent European standards when operating outside the borders of the UAE
Eva Kayley: We have energy partners outside the European Union, such as the Gulf countries.
Is this a battle that must be fought at the European level?
Estonian kronor: As individual countries, our 27 member states are too small to tackle greenhouse gas emissions alone. Speaking while the EU facilitates the development of a coherent plan, above all, gives us all greater credibility on the world stage. We always have vertical and horizontal goals. All Member States have their own responsibilities and obligations, but the EU’s overall goal for each sector of our economies is also something we can only achieve together.
Isn’t the development of renewable energies at the national level (wind turbines, etc.) useless if major powers such as China, India or the United States do not make enough efforts?
Estonian kronor: If you think about it, our population as a federation is larger than that of the United States (447 million Europeans versus 331 million Americans), so our efforts matter. Even if China and India do not rapidly engage in renewable energies, our European soft power often serves as a model
which is being followed elsewhere in the world. If we prove that we can switch to renewable energy, it is likely that other major powers will follow suit. I should also note that the increase in the use of renewable energy will also make us more resilient, which is crucial in an inescapable world of most interdependencies.
What to do in the case of large-scale events with environmental consequences outside the EU?
Estonian kronor: We have allies and even energy or commercial partners outside the European Union, whom we are trying to involve in joint research and development projects, as we did with the Gulf Cooperation Council for Water Desalination.
and solar energy, but also with Japan, etc. As the European Parliament, we remain ambitious and always ask leaders to do more. We must be able to lead by example and enhance our European way of life by working together for sustainable investment and impact.
Should global philanthropy focus on environmental issues?
Estonian kronor: The World Food Program is the largest charitable organization in the world. Although his goal is to mitigate the
Hungry, it also interacts with the environment and already applies blockchain technologies to manage its supply chain, reducing
its carbon footprint and the risk of fraud or mismanagement of data. Technologies are already facilitating a more accurate measurement
ESG standards, and the environment are part of general philanthropic efforts. It should be the prism in which we see or decide things, a new culture and a new state of mind. In the European Union, the double shift is digital and green, and this is the prism of all the work we do by sector. I believe that doing good ultimately has multiple dimensions and cannot focus on just one thing, it is the result of multiple metrics that we must consider in order to decide whether the impact we are achieving is positive.