.webp){kind=small}
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.
Due diligence is a precondition for the sustainable activities as defined by the EU Taxonomy and green financing under the Sustainable Finance Disclosure Regulation, including green bonds. Particular ESG due diligence requirements will be regulated by the forthcoming Sustainable Corporate Governance Directive. To help companies better understand its scope and to clarify its requirements, Frank Bold is hosting a webinar. It will feature international experts from companies such as Ericsson and outdoor clothing manufacturer Vaude. We invite you to join us on 26 January at 10 am CET.
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.
