More than 90 organisations representing civil society, business, banks and investor interests, express deep concern over the misrepresentation of EU sustainability reporting as a threat to competitiveness.
Our joint statement, published on 12 December, is a response to the recent omnibus proposal announcement by EU Commission President, Ursula von der Leyen.
The Commission has stated that scaling up sustainable finance is a major priority. Achieving that requires access to consistent and reliable information on businesses’ sustainability performance, enabling better transparency and comparability.
Sustainability reporting is a vital tool for businesses, enabling companies to manage risks, identify opportunities, and drive long-term growth. The statement highlights the flexible and proportional nature of the framework and offers practical solutions to address overcompliance challenges.
At a moment where European leaders are seeking to boost competitiveness and attract major financing to support companies’ sustainability transition, the EU sustainability reporting framework plays a key role in protecting the EU market and levelling the playing field with global players.
The statement signatories call on European and national policymakers to focus on supporting a smart and easy implementation of EU sustainability reporting standards, instead of playing ping-pong with the legal framework.
Read the full statement here: Smart implementation of EU sustainability reporting standards: make complying with rules easy
In the previous article, we highlighted a new European Commission study titled Impact of Communities on the Grid: How Integrated Energy Communities Enhance Grid Flexibility and Support Electricity Market Development, which suggests we should aim to establish fully integrated energy communities. Could we achieve this in Czechia? And what are the paths to this goal? Here, Jan Bakule, a lawyer and energy specialist, explores the options.
Justice and Environment (J&E) based on funding from the European Climate Foundation undertook a targeted research of the possible legal strategies to apply in order to support the decarbonisation of the European steel sector.
Join us for our upcoming webinar where we will present the key findings from our analysis of sustainability disclosures by 15 largest investors and 45 investment funds.
