Assessing and tackling ethical gaps in the new EU sustainability instruments
“Most companies in the EU do not disclose relevant sustainability information covering environmental impacts, social and human rights and other ethical issues. There is an urgent need to significantly extend such reporting obligations. Especially the proposal for a Corporate Sustainability Reporting Directive (CSRD) could have ground-breaking effects. However, many gaps and weaknesses remain in the current proposal and, if unamended, may not lead to the significant change that society needs. The event will provide an overview of the most contentious points in the CSRD proposal and give suggestions to strengthen the legislation. It will examine how EU policymakers, Member States, businesses and investors, as well as civil society actors can support the EU sustainability initiatives, with a focus on how to provide more pertinent, reliable, and comparable data. It will also explore the interlinkages between the proposal and coherent macroeconomic reforms that support the targeted socio-ecological transformation.
The following topics will be discussed in the event:
- Overview of EU sustainability instruments and initiatives
- What are the most contentious issues in the CSRD proposal in terms of scope, content, auditing, impact, and standard setting? How can they be addressed effectively?
- How to ensure that the most ambitious social and ecological standards of existing frameworks will be used?
- How will civil society participation be ensured in the standard setting process?
- Way forward: Concrete recommendations for EU policymakers”