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.
Investors, asset managers and civil society organisations call for the prompt implementation of the reform on corporate sustainability reporting and EU standards
Frank Bold together with other leading NGOs working on corporate sustainability and sustainable finance raised strong concerns about the delay in the publication of the Sustainable Corporate Governance initiative, as well as the lack of information explaining such new delay.
Due diligence is a precondition for the sustainable activities as defined by the EU Taxonomy and green financing under the Sustainable Finance Disclosure Regulation, including green bonds. Particular ESG due diligence requirements will be regulated by the forthcoming Sustainable Corporate Governance Directive. To help companies better understand its scope and to clarify its requirements, Frank Bold is hosting a webinar. It will feature international experts from companies such as Ericsson and outdoor clothing manufacturer Vaude. We invite you to join us on 26 January at 10 am CET.
