
Frank Bold organised two online events to present the results of the research on the disclosures made by 300 companies on climate and environmental matters providing targeted presentation and insights for companies in Southern Europe and Central and Eastern Europe.
New data from the research shows some, yet insufficient progress at a turning point for sustainability reporting in Europe as the legislation for sustainability disclosures in Europe will be reformed in 2021 (see details of the research and context here).
The events featured key experts, regulatory representatives, financial and business actors (e.g.Piraeus Bank, BBVA, ENEL, Raiffeisenbank or Tauron Polska Energia). About 300 participants interested in non-financial reporting and sustainable finance agenda attended the event.
1) Are companies in Southern Europe ready for the European Green Deal
See also the slides and summary of the discussion below.
2) Companies' climate and environmental disclosure in the CEE: progress, gaps and opportunities
See also the slides.
The key takeaways from the webinar discussion include:
key issues to address in creating an EU reporting framework and standards include:
Whilst the European Parliament and the Council are in the midst of analysing and debating the Omnibus Simplification Package, we suggest our key changes for the co-legislators to implement to ensure that the CSRD is respected.
Following the European Commission’s announcement of its Omnibus Simplification Package at the end of February, both the Council and the European Parliament must now reach their own positions on the proposals, before the trilogue negotiations between all three bodies commence again.
At the end February, we exposed how the European Commission’s recently announced Omnibus proposals intend to modify corporate sustainability due diligence, reporting and taxonomy and how it will influence the effectiveness of these key legal frameworks.