Are companies saying one thing about sustainability, but doing something in their political lobbying that is very different?
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A new report has just been published today by the sustainable finance pioneer, the Eiris Foundation, as part of a project called Social LobbyMap. It provides detailed and independent research on business lobbying on Europe's Corporate Sustainability Due Diligence Directive (CSDDD). The report is helping to provide the inside story of what was really going on in what was one of the most high profile political pressures on any piece of EU legislation.
To discuss this topic, Richard Howitt welcomes Peter Webster, Chief Executive of the foundation.
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"The success of this report is whether lobbying in general better reflects positive approaches to sustainability generally, in this case human rights and labour standards. That can be achieved by having more companies speaking positively, more trade associations evolving their positions and being willing to speak to the diversity of membership and to regulators. Of course, it's not just the companies, the trade associations, or the investors. There's also the civil society organisations who are another important voice on behalf of the public in this debate. They need to have visibility of what companies and what trade associations are saying, so that they can plan their strategies to try and level the playing field."
Investors shouldn't just take companies' word for what they're doing; they should investigate what the companies are actually doing regarding human rights.
Germany's NewClimate Institute has produced the Corporate Climate Responsibility Monitor report, evaluating the transparency and integrity of climate pledges of 51 major companies across different sectors and geographies.
Listen to Richard Hardyment, author and head of business engagement at the Institute of Business Ethics
