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:
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.
In mid-December, the European Commission acknowledged a large part of the arguments put forward by the Czechia in an effort to prevent the expansion and continuation of illegal mining at the Turów mine in Poland, that endangers the sources of drinking water for thousands of people in the Liberec region and, according to new studies, has serious impacts on groundwater in Germany as well. Frank Bold's lawyers, who defend the interests of Czech citizens, have long been involved in the case.
