The International Sustainability Standards Board is presenting in London this Tuesday the work plan for the upcoming two years, including research projects to develop standards for companies’ reporting on biodiversity and human capital.
In reaction to this, we publish a statement signed by a group of civil society, investor and corporate associations namely B Lab Global, Eurosif, ECOS, Frank Bold, World Benchmarking Alliance, ShareAction, Mouvement Impact France and Shift and features public positions submitted by UNEP FI, WBCSD, PRI or the OECD.
The statement reflects positions and recommendations submitted to the ISSB by some of the largest investor and corporate associations, global institutions and leading NGOs in the fields of environment and human rights, including:
Read the full statement below.
Together with other environmental organizations, we succeeded in revoking a derogation from the emission levels associated with the best available techniques for the Počerady Power Plant, the largest producer of greenhouse gases in the Czech Republic. The illegal derogation allowed the plant to emit unprecedented amounts of toxic mercury. Now it is the turn of the Ministry of the Environment to push for an end to the ongoing illegal situation.
European Union and its member states have approved a framework to prevent that companies providing low prices based on dumping, child labour, pollution and exploitation will not be better positioned in the EU market. They adopted the Corporate Sustainable Due Diligence Directive (CSDDD), which will provide guidance to companies on how to prevent significant negative impacts in their operations and value chains.
Today, national ministers responsible for internal market and industry voted in favour of the first reading position adopted by the European Parliament in April 2024. This approval by the Council of the EU brings to a successful close the legislative journey of the Corporate Sustainability Due Diligence Directive (CSDDD), which will now become law.