home
news

NGOs Open letter: Strong concerns about the delay in the publication of the Sustainable Corporate Governance initiative

share this article

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.

The shift towards a more sustainable economy committed through the EU Green Deal and the Sustainable Finance Agenda must be implemented at a corporate level. Connecting the dots between companies’ sustainability reporting, upcoming due diligence obligations and corporate governance is essential to support long-term value creation by EU companies. We therefore sent an open letter to the Commission urging them to support an effective proposal and to close the gaps in due diligence and corporate governance.

Read the full open letter "Risking Effective Sustainable Corporate Governance".

Open Letter: Risking Effective Sustainable Corporate Governance
    (
280 kB
)

You may also like these news

Frank Bold and other NGOs File Complaint with the European Commission: Počerady Power Plant Continues Releasing Toxic Mercury Despite Court Ruling

The expert group Frank Bold, along with Greenpeace and Friends of the Earth, has submitted a complaint to the European Commission regarding the actions of Czech authorities in setting emission limits for the Počerady coal power plant. In August 2024, a court revoked the plant's extensive emission limits derogation, and authorities were required to immediately reflect this decision in its operating permit. However, this has not yet happened. As a result, the power plant is currently violating the legal limit for mercury emissions. The complainants are calling on the Commission to investigate whether the Czech Republic’s approach to Počerady is in breach of the EU Industrial Emissions Directive (IED).

All news
2/11/2025

Is Europe about to lose its edge on ESG?

Domestic political opportunism and foreign anti-competitive pressure threaten to dismantle one of its biggest advantages. Read below a brief summary of our conference on sustainability and competitiveness held last January 2025 in Brussels.

Electricity sharing in Czechia: A strong start to community energy and a promise of future growth

Electricity sharing in Czechia represents a relatively recent but increasingly popular phenomenon. With the implementation of the regulatory framework that enables the formation of Energy Communities (ECs) starting in July 2024, 20 ECs have already been established. In addition, the law also activates the possibility of energy sharing by “an active consumer”. What does the existing regulatory framework entail, and what challenges does it encounter?