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".
Brussels, Prague – The European Commission today published the European Grids Package (EGP), a comprehensive set of measures aimed at strengthening energy security and competitiveness across the EU.
After one year of rushed and frenzied political decision-making on the Omnibus 1 package, the EU has come to a decision.
The revised EU Sustainability Reporting Standards have been significantly reduced down to just one-third of the original disclosures.
Under intense pressure to cut reporting obligations and prioritise deregulation over transparency and safeguards against greenwashing, Europe's leadership in setting sustainability standards is at risk. While the new standards provide a functional framework, their application relies on companies approaching implementation in good faith.
