Policy Forum
Bi-monthly exchanges are organised with a view to develop multi-stakeholder consensus on European and global reforms on corporate transparency.
→ Members include: Investor Alliance for Human Rights, World Benchmarking Alliance, Principle for Responsible Investment, Eurosif and Amfori.
Business Advisory Panel
Regular discussions on the latest policy changes and development of best practice for responsible and sustainable corporate behaviour.
→ Members include representatives from Moncler, Ericsson, Maersk, Kering, H&M, Schneider Electric, INGKA and Tony’s Chocolonely.
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EU policy-makers agreed last night to postpone by two years the deadline for the adoption of sector-specific standards for companies sustainability reporting, which was initially set in the EU Corporate Sustainability Reporting Directive for June 2024.
Last Friday, the European Commission published for public consultation a draft Delegated Act on the first set of European Sustainability Reporting Standards. NGOs, civil society groups and investors associations are very concerned with the significant reduction of the ambition compared to EFRAG’s technical advice and urge the Commission to introduce a robust, mandatory and consistent reporting framework and to not allow greenwashing.
Amid current discussions on the shape of the European Sustainability Reporting Standards (ESRS), Frank Bold has developed an FAQ to answer the most important questions around the ESRS.
NGOs and civil society groups will only support an ambitious first set of sector-agnostic ESRS that closely builds on the EFRAG drafts adopted last November. They urge the Commission to follow EFRAG’s technical advice alongside 60+ companies and investors worth 651bn USD, and caution against making significant changes at this stage, as this would risk discrediting the process so far and undoing a good compromise.
Susanna Arus, EU Public Affairs Manager
