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 his political guidelines for the new EU Commission, President Juncker pledged to create a European Capital Markets Union (CMU) to increase non-bank financing of the European economy and further integrate capital markets. In this context, the EU Commission launched a public consultation in February 2015.
Frank Bold co-organised the screening of the documentary “A Dangerous Game” as part of the One World Film Festival, the largest human rights film festival in the world. Organised by the NGO People in Need, it represents a major event in the Czech Republic involving 33 cities and attracting more than 100.000 viewers every year.
Social entrepreneurship has rapidly arisen as an attractive option for changemakers who embrace the idea of entrepreneurship for societal rather than primarily private benefit. They have adopted alternative business models including B-corporations, cooperatives, companies controlled by foundations, and the Belgian Social Purpose Company. Based on this premise, Frank Bold organised an event on the 18th of March to gather people who are committed to deep change to discuss the subject.
