Would you like to influence key EU developments on business, sustainability and climate change? Do you wish to combine environmental and economic perspectives? Do you want to help set European standards for transparency of corporate sustainability performance and help investors finance the transformation of our economy? Become a member of Frank Bold’s international team implementing this strategy.
At European level, we pushed through the adoption of an EU Directive that introduced the obligation of non-financial reporting - a requirement for large corporations and banks to report on the risks and impacts of their activities, including climate, human rights and corruption. This legislation was the first step in our long-term campaign to improve corporate transparency. The reform of this Directive was presented in 2019 and we strive to make this obligation more precise, enforceable and to ensure that companies publish key information that is necessary for both investors and civil society. To promote these changes, we are coordinating the Alliance for Corporate Transparency, a platform made up of over 20 major non-profit organisations, and collaborating with responsible investors, academia and business leaders. Frank Bold also promotes the debate on the purpose of the corporation, including a comprehensive reform of corporate governance towards a more sustainable model.
We have now become part of EFRAG’s project task-force on European Sustainability Reporting Standards which has been mandated to prepare a proposal for the first EU standards. And we are looking for a new colleague to reinforce our team!
Do you want to join us? Answer a few questions about yourself and submit your CV, and we will get back to you.
The deadline for application is 8/8/2021. Phone interviews with short-listed candidates will follow. Selected candidates will be invited to an online personal interview.
Frank Bold is a purpose-driven law organisation working on corporate responsibility and transparency, climate change litigation, anti-corruption advocacy and strengthening grassroots civil society. Established in 1995, Frank Bold is headquartered in the Czech Republic and has offices in Brussels (Belgium) and Krakow (Poland). The firm seeks to use the power of business and non-profit approaches to solve social and environmental problems. For more information please visit our website.
Due diligence under the Corporate Sustainability Due Diligence Directive (CSDDD) is designed to direct finite corporate resources towards the issues that matter most for people and the environment. At the heart of that effort is prioritisation, defined in Article 9 of the Directive. Having spoken about this topic at the RBA conference this week, I want to share some reflections on what good prioritisation looks like in practice and what pitfalls to avoid.
The Parliament proposal shows that many of the concerns raised through Frank Bold’s research and engagement with policymakers are now entering the legislative mainstream. But the negotiations ahead will determine whether the final framework is capable of addressing the structural weaknesses that continue to undermine trust in the sustainable investment market.
The European Commission has published its draft Delegated Regulation revising the European Sustainability Reporting Standards (ESRS). The revision follows the Omnibus I Simplification Package and is presented as a burden-reduction measure. Some of it is - but a closer reading reveals a set of changes that go well beyond simplification, departing from EFRAG's technical advice and disregarding formal recommendations from the European Supervisory Authorities. Many of these changes have significant implications for the quality and comparability of sustainability data available to the market and public.
