Listen to Filip Gregor, member of the European Sustainability Reporting Standards Board of EFRAG and Head of Responsible Companies Section at Frank Bold.
Frankly Speaking welcomes Filip Gregor who guides our listeners through the draft EU sustainability reporting standards that have recently been submitted to the European Commission. Filip was closely involved in the development of those standards as a member of the European Sustainability Reporting Standards Board of EFRAG. He is the head of the Responsible Companies at Frank Bold, a board member at the European Coalition for Corporate Justice and of the OECD National Contact Point in the Czech Republic, where he is based.
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“In Europe, we've developed standards that address both the financial risks and opportunities for the company, as well as the material impacts measured from the perspective of society, the environment, the planet, and the survival of humankind. By doing it all together, we were able to build a coherent system that shows how financial risks for a company and human rights issues are connected, such as access to water.”
Is it really is possible for companies to "do the right thing"?
There's very little pressure being applied to companies by investors looking at how they're actually behaving and treating human rights as a core business priority. This needs to change.
Investors shouldn't just take companies' word for what they're doing; they should investigate what the companies are actually doing regarding human rights.
