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.
European companies can now take a look at the draft sustainability reporting standards they will report against in the coming years. The drafts were developed by the EFRAG Project Task Force on EU Sustainability Reporting Standards, with the participation of two Frank Bold representatives - Head of the Responsible Companies Section Filip Gregor, and Joanne Houston, from Frank Bold's Brussels office. Both experts will continue contributing to the development of the EU standards as members of the newly established EFRAG Sustainability Pillar.
As part of its strategy to implement the European Green Deal and the Action Plan on Financing Sustainable Growth, the European Commission presented its proposal for a Corporate Sustainability Due Diligence Directive (CSDDD).
The Corporate Sustainability Reporting Directive (CSRD) proposal stipulates that EFRAG should be responsible for carrying out a due process to draft, consult and deliver EU sustainability standards for adoption by the European Commission. On 1 March, the EFRAG General Assembly appointed the members of the EFRAG Sustainability Reporting Board, which will be responsible for all sustainability reporting positions of EFRAG, including technical advice to the European Commission on draft EU Sustainability Reporting Standards and related amendments.
