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.
The experience with the implementation of the Non-Financial Reporting Directive (NFRD) and the analysis of the current status of companies’ sustainability reporting indicates that without clearer legal requirements, no guidance, no matter how good, will have substantial effect on the quality of companies reporting.
Over 20 leading NGOs working on corporate transparency have published a statement calling on EU policy-makers to define companies’ disclosure obligations on sustainability issues on the occasion of tomorrow’s high-level conference on the future of corporate reporting hosted by the European Commission in Brussels.
Under the Alliance for Corporate Transparency project Frank Bold and its partners have analysed how European companies disclose information necessary for understanding their impact on society and the environment, as required by the EU Non-financial Reporting Directive*.