For the first time in the Czech Republic, a group of NGOs have banded together to support nine important anti-corruption measures.
They are asking Czech citizens – again, for the first time – to write to their representative Members of Parliament (MPs) and ask them to pledge support for specific anti-corruption legislation. The campaign Rekonstrukce Státu, or the Reconstruction of State, holds MPs responsible for their pledges by posting their positions on the campaign website. One of the demands has already been made into law. The Reconstruction of State initiative is headed by three major NGOs in the Czech Republic: Transparency International, Environmental Law Service and Oživení.
Read more in the article on techpresident.com by Jessica Mckenzie.
Due diligence under the Corporate Sustainability Due Diligence Directive (CSDDD) is designed to direct finite corporate resources towards the issues that matter most for people and the environment. At the heart of that effort is prioritisation, defined in Article 9 of the Directive. Having spoken about this topic at the RBA conference this week, I want to share some reflections on what good prioritisation looks like in practice and what pitfalls to avoid.
The Parliament proposal shows that many of the concerns raised through Frank Bold’s research and engagement with policymakers are now entering the legislative mainstream. But the negotiations ahead will determine whether the final framework is capable of addressing the structural weaknesses that continue to undermine trust in the sustainable investment market.
The European Commission has published its draft Delegated Regulation revising the European Sustainability Reporting Standards (ESRS). The revision follows the Omnibus I Simplification Package and is presented as a burden-reduction measure. Some of it is - but a closer reading reveals a set of changes that go well beyond simplification, departing from EFRAG's technical advice and disregarding formal recommendations from the European Supervisory Authorities. Many of these changes have significant implications for the quality and comparability of sustainability data available to the market and public.
