We've compared the different positions of the European Commission, Council of the EU and the European Parliament on the review of the SFDR. Read below our recommendations for this trilogue.
Following a public consultation closed this summer, the International Sustainability Standards Board (ISSB) is discussing in September the results of the input received on their draft proposals for climate and general sustainability standards.
We highly appreciate the ISSB commitment to transparency and due process, which is of critical importance for your mission to develop a global baseline of sustainability reporting standards.
At the end of March, we founded the Community Energy Union with the goal of creating a clean and safe future for the Czech Republic. In 2021, as Frank Bold, we held a series of online and offline workshops to identify weak spots and gain the support of a number of important stakeholders who are now members of our Union.
The Russian war in Ukraine has, in addition to the COVID-19 global pandemic, once again highlighted the need for corporate human rights and environmental due diligence (HREDD) regulation, such as the proposed EU Corporate Sustainability Due Diligence Directive (CSDDD).
The next months are key to determining what kind of sustainability data companies will disclose. For the transformation to an economy within planetary boundaries, we call on the ISSB to develop standards that go beyond climate, require reporting on key impact data and ensure climate-related disclosures are sufficiently granular to be meaningful.
The European Commission, Parliament and Council reached an agreement for the new EU Corporate Sustainability Reporting Directive (CSRD) that clarifies disclosure obligations for large companies and listed SMEs, and mandates the development and adoption of mandatory EU corporate sustainability reporting standards.
