In December Frank Bold team co-organised a meeting of NGOs and representatives of the Member States of the European Union. The all-day meeting in Brussels was prepared in cooperation with our colleagues from European Environmental Bureau and Client Earth.
Our lawyer Laura Otýpková discussed the possible ways of improvement of the culture of regulating industrial activities with experts from Sweden, Germany, France, Belgium and the Netherlands. This topic is very relevant because of the ongoing industrial emissions directive review process which is being carried out by the European Commission.
We shared our insight into the topics of setting of conditions in integrated permits, derogations from emission limits or public participation and access to information with the experts. We discussed also the good practice, which was presented by the representatives of European member states.
Sustainability reporting experts and NGOs welcome the adoption of the EU sustainability reporting standards (ESRS) by EFRAG submitted this week to the European Commission. Whilst the ambition of the ESRS remains limited in several areas, they represent a major improvement for companies as well as for users of sustainability information and address the biggest problems in quality and reliability of corporate reporting.
Members of the European Parliament will vote on November 10 to confirm the agreement reached earlier this summer to strengthen companies’ obligations to disclose information on their sustainability risks and impacts, and adopt mandatory EU standards covering Environmental Social and Governance (ESG) matters.
In light of the severity and the short timeframe that remains to take action to limit global warming to 1.5 degrees, it is important that the EU Corporate Sustainability Due Diligence Directive (CSDDD) leaves no legal ambiguity concerning corporate obligations regarding climate change.