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With the latest leaks, it is becoming clearer and clearer that President Ursula von der Leyen and Commissioner Valdis Dombrovskis are willing to sacrifice the very foundations of the EU’s ESG legislation all whilst bypassing the due legislative process.
If confirmed, the following changes would render the EU’s push for corporate sustainability essentially meaningless:
Weakening agreed legislation before full implementation is reckless. It will not only harm the environment and human rights, but also strip European companies of the ability to prepare for a more resilient, competitive future. We urge the European Commission to resist short-term pressure, uphold the reporting and due diligence legal frameworks and defend Europe’s leadership, for the sake of its businesses, consumers and global credibility.
This Friday, 28 February at 11:00 CET, we invite you to join us for a webinar where we will take a first dive into the key elements of the European Commission’s omnibus proposal, aiming at “simplifying” key laws for sustainable finance, corporate due diligence, and sustainability reporting.
Event Details:
Agenda & Speakers:
The session will be moderated by Maria van der Heide, Head of EU Policy, ShareAction. This session is organised by WWF EU, ShareAction, the World Benchmarking Alliance, Frank Bold, and the European Coalition for Corporate Justice.
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.
The Frank Bold Society and the Neighbourhood Association Uhelná called on the Czech government today to be more consistent in its negotiations with Poland over mining at the Turów brown coal mine. According to both organisations, the government did not have enough information or time to prepare an agreement that would truly protect Czech interests. Moreover, the government has acted in a non-transparent manner by failing to inform the public in advance of the terms of the agreement being prepared, which should lead to the withdrawal of the action against Poland at the EU Court of Justice. The organisations have therefore drawn up a document with seven basic demands on which the Czech side should insist.
The European Commission recently introduced a draft of the revised EU ETS Directive which, among other things, proposes that 100 % of ETS revenues should be used for environmental measures. We welcome this idea but we’re also sceptical about how the ETS revenues are used in the Czech Republic. Therefore, we have prepared an analysis mapping the use of ETS revenues in Czech Republic and sent it to the European Commission as an input for the recent public consultation. The main conclusions are presented below.
