Filip Gregor
Head of the Responsible Companies Team
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.
The webinar aims to clarify the content of due diligence standards and, based on good practice examples, explain how companies can effectively implement them. The event will be of particular interest to public administration, the business sector, banks, and investors. And mainly for the stakeholders from the Central and Eastern Europe.
1. Principles of due diligence, 10:00 - 11:00 AM
→ Legislation and expectations, Lucie Slavíková, Ministry of Justice, Czech Republic
→ UN and OECD due diligence standards and their application in practice, Rachel Davis, Shift
→ Implementation of the new German legislation and good practice, Susanne Gasde, Federal Ministry of Labour and Social Affairs, Germany
→ Case studies: what is considered as good and bad practice, Filip Gregor, Frank Bold
2. Experience of companies with practical application; Q&A 11:00 AM - 12:00 PM
→ Théo Jaekel, Corporate Responsibility Expert, Ericsson
→ Bettina Roth, Head of Quality Management & CSR Supply Chain, Vaude
→ Julien Lavarini, Responsible Supply Chain Manager, Lorenz
The European Commission is planning to publish its Sustainable Corporate Governance proposal and submit it to Parliament and Council in February 2022. A key element of this proposal should be rules on sustainability due diligence, based on the UN Guiding Principles on Business and Human Rights and OECD standards. In the context of the EU's sustainable finance strategy, due diligence is one of the pre-conditions for the sustainable activities as defined by the EU Taxonomy Regulation and green financing under the SFDR, including green bonds.
The proposal should clarify how companies should approach the identification and management of significant negative impacts on people and the planet related to their business model and value chains. Due diligence is a risk-oriented process. Its requirements are based on the company's position, its involvement in adverse impacts, and its ability to influence these impacts.
During this webinar, we will explain due diligence standards and companies will share their experience with the practical implementation of the German legislation and of the UN and OECD standards , including how their meaningful implementation supports better business governance.
A large group of civil society organisations have today set out their joint vision of what sustainable finance in Europe should look like, ahead of political transitions in the EU.
People in the Czech Republic have the right to fresh air but this right is being violated and it is necessary to take effective measures. Representatives of the European Commission, Czech government, industry and Non-Governmental Organizations‘ (NGO) all agree on that.
What would happen to Czech power grid in 2030 if all coal power plants were shut down? On 24 May we have publicly presented a study which simulates this scenario. The result is that even without coal-fired generation it is possible to ensure stable electricity supply in the Czech Republic. The scenario includes an increase in renewables to which the current state of the power grid is no obstacle.
