abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

هذه الصفحة غير متوفرة باللغة العربية وهي معروضة باللغة English

المقال

22 يونيو 2021

الكاتب:
Frank Bold, ECCJ, BHRRC & 9 others

NGOs publish recommendations on clarifying directors’ responsibilities to oversee sustainability under EU Sustainable Corporate Governance initiative

"Connecting the dots in sustainable corporate governance", 21 June 2021

Leading NGOs working on corporate sustainability and sustainable finance have published a briefing with key recommendations to help clarify directors’ responsibilities to oversee sustainability that fully fit with existing company law and corporate governance frameworks across Europe. 

The briefing follows a public letter sent by NGOs to DG Justice Commissioner Didier Reynders and Executive Vice-President Frans Timmermans in support of the EU Commission plans on Sustainable Corporate Governance (SCG) and responding to recent criticism. 

The SCG initiative, which was included in the Sustainable Finance Action Plan and the EU Green Deal, is set to provide solutions to two issues: 

  1. address the lack of a European legal framework for corporate human rights and environmental due diligence
  2. identify how corporate governance can foster sustainability and long-term thinking. 

The NGOs are presenting detailed recommendations for the latter part of the initiative. The involvement of boards is paramount to ensure that companies are able to consider and take the necessary strategic decisions with regards to the management of sustainability risks and impacts, and integrate them in overall corporate strategies and business operations.

More specifically, our recommendations tackle the need for coherence and alignment within the corporate and financial market regulatory framework in Europe. In this regard, connecting the dots between companies’ sustainability reporting and upcoming due diligence obligations requires effective governance and oversight from the company’s senior management and the board. Our proposals are therefore divided into two categories to ensure an effective reform: 

  • Package 1. Board oversight over sustainability strategies, risks and impacts which is intrinsically connected to due diligence, and thus should be explored as part of a single proposal
  • Packages 2 and 3 outline other supportive reforms in the field of corporate governance tackling alignment of incentives and board composition in order to promote good practice and provide safeguards against malpractice

الجدول الزمني

معلومات الخصوصية

هذا الموقع يستخدم ملفات تعريف الارتباط وتكنولوجيا التخزين الشبكي. يمكنك ضبط خيارات الخصوصية أدناه. تسري التغييرات فورًا.

للمزيد من المعلومات عن استخدامنا للتخزين الشبكي، انظر سياستنا في استخدام البيانات وملفات تعريف الارتباط

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

ملفات تعريف الارتباط التحليلية

ON
OFF

When you access our website we use Google Analytics to collect information on your visit. Accepting this cookie will allow us to understand more details about your journey, and improve how we surface information. All analytics information is anonymous and we do not use it to identify you. Google provides a Google Analytics opt-out add on for all popular browsers.

Promotional cookies

ON
OFF

We share news and updates on business and human rights through third party platforms, including social media and search engines. These cookies help us to understand the performance of these promotions.

خيارات الخصوصية على هذا الموقع

هذا الموقع يستخدم ملفات تعريف الارتباط وتكنولوجيا التخزين الشبكي لتحسين تجربتك لما يتجاوز الخصائص الرئيسية الضرورية.