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".
The experience with the implementation of the Non-Financial Reporting Directive (NFRD) and the analysis of the current status of companies’ sustainability reporting indicates that without clearer legal requirements, no guidance, no matter how good, will have substantial effect on the quality of companies reporting.
Over 20 leading NGOs working on corporate transparency have published a statement calling on EU policy-makers to define companies’ disclosure obligations on sustainability issues on the occasion of tomorrow’s high-level conference on the future of corporate reporting hosted by the European Commission in Brussels.
Under the Alliance for Corporate Transparency project Frank Bold and its partners have analysed how European companies disclose information necessary for understanding their impact on society and the environment, as required by the EU Non-financial Reporting Directive*.
