ShareAction, Accountancy Europe, Eurosif, Frank Bold, Finance Watch and WWF, as members of the Informal Group on Sustainable Finance, have released a joint statement on the EU’s Corporate Sustainability Due Diligence Directive (CSDDD).
In the statement, the civil society organisations and investor federations call on the EU co-legislators to strengthen certain crucial provisions and formulates 5 recommendations for the co-legislators upcoming compromise agreement on the Corporate Sustainability Due Diligence Directive (CSDDD) which will play a critical role in integrating environmental, climate and social risks in companies’ decision-making processes.
Strengthening these provisions (on topics such as directors’ oversight of due diligence and corporate sustainability strategy, transition plans and targets to address sustainability risks, sustainability-related incentives and long-term perspective) and following the five key recommendations is the way forward to embed environmental, climate and social impacts into the company’s long-term strategy.
Read our statement in the PDF below:
