This short video explains everything you may have ever wanted to know about the Reconstruction of the State, but were afraid to ask.
The Czech Republic suffers from some of the worst corruption in the world. In order to fight it dozens of activists and experts got together to push for nine anticorruption bills aimed at increasing transparency while stopping conflicts of interest and misuse of public funds. The centerpiece of their efforts? A public pledge to support the anticorruption measures, which they put before every member of parliament.
At first, progress was painfully slow. But during snap elections in 2013, hundreds of volunteers took our cause directly to the candidates. Ultimately, 165 out of 200 members of parliament promised to support the reforms.
But the initial victory was short-lived. Eventually, parliament passed only one of the nine bills. The rest succumbed to an onslaught of excuses, delays, lobbyists, and political infighting. As the tide turned against reform, members of parliament started to demonize the pledge itself, calling us blackmailers, extremists, and radicals. The media eventually moved on to other issues.
Despite all these obstacles, we managed to get five of the proposed reforms passed by working with a small group of politicians across the party lines who actively advocated for the bills. Our initiative also inspired other coalitions to lead similar campaigns both at home and in neighboring countries. It’s a step in the right direction for a country that desperately needs to change the way it does business.
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Several German ministries led by the Socialist and Green parties have sent a letter to the EU Commission with the objective of rolling back European legislation on corporate sustainability reporting. This legal framework will be applicable to 27 EU Member States as of January 1st, 2025, but German parties, immersed in electoral and political infighting, are using this legislation to promise quick, but dysfunctional solutions.
This study examines the sustainability disclosures of 15 leading financial market participants (FMPs) and 45 associated investment products complying with the Sustainable Finance Disclosure Regulation (SFDR). It provides critical insights into Art. 8 and 9 products’ objectives and methods, highlights key challenges and emerging best practices.
