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".
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.
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.
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.
