A group of leading civil society organisations promoting the development of the EU sustainability reporting framework.
Apr 21, 2021 • 11 tweets • 10 min read
(Thread!) @EU_Finance has published the proposal to reform legislation on companies’ sustainability reporting. These changes are key to achieve objectives set in #GreenDeal & the #sustainablefinance agenda. #CSRD
NGOs joint reaction: bit.ly/3xfARpO
Highlights⬇️
➕Positive changes
- Scope: all large companies (private&listed)
- EU mandatory sustainability reporting standards (general§or-specific)
- Clarification reporting areas, categories info & double materiality principle
- Report on transition plans in line w/ #ParisAgreement
Feb 9, 2021 • 9 tweets • 7 min read
EU Commissioner @dreynders outlines @EU_Justice plans on #SustCorpGov:
1.Directors' obligation to identify #sustainability risks & opportunities, and to integrate these in the corporate strategy. 2) Directors would need to set science-based and measurable sustainability targets (incl trajectory, or transition plan to reach targets) #SBT
#sustainability
.@larawoltersEU "Banks and investors are requiring more information on companies' due diligence and non-financial reporting. This can lead to cheaper loans"