Alliance for Corporate Transparency Project

A group of leading civil society organisations promoting the development of the EU sustainability reporting framework.

[Alliance for Corporate Transparency Project @EUCorpReporting]

🔴 While all eyes are turned to the #Coreper meeting awaiting the outcome of the vote on the #CSDDD, EU policymakers agreed on Wednesday to postpone by two years the deadline for the adoption of sector-specific standards for companies' sustainability reporting.

🧵

[Belgium in the EU @BelgiuminEU]

📋 Deal!

@EUCouncil & @europarl reach a provisional agreement on time limits for the adoption of sustainability reporting standards for some sectors & certain 3rd country companies.

The deal aims at helping them prepare for the European Sustainability Reporting Standards #ESRS.

[European Coalition for Corporate Justice @ECCJorg]

🧵"Entering into force" means the directive is officially EU law.

✋But companies won't need to comply just yet
#CSDDD kicks in gradually. The timeline based on company size starts3⃣years after it takes effect (around 2027).

[Alliance for Corporate Transparency Project @EUCorpReporting]

⚠️ Instead of relieving companies unduly delaying sectoral standards will only reduce clarity for companies to deliver on their reporting.

This is particularly true for companies that have never performed a materiality assessment or that will start reporting sustainability info.

[Alliance for Corporate Transparency Project @EUCorpReporting]

🔴 While all eyes are turned to the #Coreper meeting awaiting the outcome of the vote on the #CSDDD, EU policymakers agreed on Wednesday to postpone by two years the deadline for the adoption of sector-specific standards for companies' sustainability reporting.

🧵

[Belgium in the EU @BelgiuminEU]

📋 Deal!

@EUCouncil & @europarl reach a provisional agreement on time limits for the adoption of sustainability reporting standards for some sectors & certain 3rd country companies.

The deal aims at helping them prepare for the European Sustainability Reporting Standards #ESRS.

[Alliance for Corporate Transparency Project @EUCorpReporting]

🇪🇺 Although we regret the decision to delay by 2⃣ years, we welcome the precision of the mandate for the @EU_Commission to adopt 8⃣ of the sustainability standards “as soon as each is ready”, or at the latest by 2026.

[Alliance for Corporate Transparency Project @EUCorpReporting]

🔴 While all eyes are turned to the #Coreper meeting awaiting the outcome of the vote on the #CSDDD, EU policymakers agreed on Wednesday to postpone by two years the deadline for the adoption of sector-specific standards for companies' sustainability reporting.

🧵

[Responsible Companies | Frank Bold @purposeofcorp]

📢 A crucial and urgent call from human rights and environmental defenders upon @larawoltersEU, @eu2023es and @dreynders to make the #CSDDD a legislation that places #HumanRights, environmental preservation, and #climate resilience at its core.

👇

[Responsible Companies | Frank Bold @purposeofcorp]

We join this call for a #CSDDD law that includes:

🌱 climate transition plans aligned with #CSRD,
⚖️ civil liability and access to justice;
📈 and for a cross-sectoral framework.

Read more 👇

[Responsible Companies | Frank Bold @purposeofcorp]

🚨 The #CSDDD was set to be one of EU Commissioner @dreynders's top political priorities.

We now call on him to honour his commitments by including strong #climate ambition, the financial sector, strong measures on access to #justice & full #ValueChain coverage in the law👇

[Responsible Companies | Frank Bold @purposeofcorp]

🤝 How can companies and investors be agents of change for human and social rights?

Ahead of #HumanRightsDay this weekend, @richardhowitt is joined on #FranklySpeaking by Caroline Rees @shiftproject.

Enjoy listening and share this conversation 🎧 ⬇
https://t.co/7KIJff0edI

[Responsible Companies | Frank Bold @purposeofcorp]

🚨 Following the adoption of the first set of EU standards, the #CSRD requires the adoption of complementary sector-specific standards by 2024.

However, the @EU_Commission is proposing to delay the adoption of this second set to 2026.

Why does this matter? 👇

[Responsible Companies | Frank Bold @purposeofcorp]

Tomorrow 🇪🇺 Member States meet at ambassador level to find an agreement on their position on the #CS3D.

We call on them to pave the way for one common EU standard on responsible business conduct & to avoid fragmentaton of EU Member States’ regulation.

👉 https://t.co/I6HpmxlbIp

[Responsible Companies | Frank Bold @purposeofcorp]

🌍🗣️How can the #CSDDD effectively protect #HumanRights and tackle #environmental & #climate impacts?

This week, @richardhowitt welcomes Maxwell Atuhura and Nicholas Omonuk in #FranklySpeaking to discuss the reality on the ground and what's needed.

🔗https://t.co/ILUsRT4nJX

[Responsible Companies | Frank Bold @purposeofcorp]

🎧 Tune in and share this episode:
Spotify: https://t.co/7O9kDhkS5r Podcasts: https://t.co/PpC7WQ8M1Q Podcasts: https://t.co/0OhpCgs6rn

[Responsible Companies | Frank Bold @purposeofcorp]

You'll find out more about:
▪ The challenges and opportunities surrounding the #SFDR
▪ The necessity of aligning the SFDR with the #CSRD and #CS3D
▪ What’s happened to the social #taxonomy?
▪ The current state of health of sustainable finance

[Responsible Companies | Frank Bold @purposeofcorp]

🌱 📈 What is the future for #SustainableFinance?

In #FranklySpeaking this week, @richardhowitt Howitt talks to @MBaumgarts, member of the EU Platform for Sustainable Finance and sustainability partner at @KPMGSweden , about what has been achieved & what needs to happen next.

[Responsible Companies | Frank Bold @purposeofcorp]

💡 Is the projected growth in #RawMaterials use truly essential or ultimately unsustainable?

In this #FranklySpeaking episode, @richardhowitt & @MichaelReckordt explore why this legislation is needed and its implications for all businesses reliant on raw materials.

🧵

[Responsible Companies | Frank Bold @purposeofcorp]

👏 The @Europarl_EN enhances corporate #transparency and support for ESRS.

A majority of #MEPs successfully rejected a motion to block the #ESRS and its replacement with an emptied piece of legislation.

👉https://t.co/Yb0QF8rEqx

[Responsible Companies | Frank Bold @purposeofcorp]

🎂🎉 Today, we celebrate the #FranklySpeaking podcast's 1-year anniversary!

Joining us on this special occasion are @LeneSerpa from @Maersk , Rachel Davis from @shiftproject , and @Gregor_Filip from Responsible Companies at @Frank_Bold.

🎧Tune in: https://t.co/OQcmlvq3BN

[Responsible Companies | Frank Bold @purposeofcorp]

🗣️@Gregor_Filip is back on the podcast to talk us through the game changing aspects of the European Sustainability Reporting Standards (#ESRS).

Tune in to know what they are and what it means for #business 👇
https://t.co/yvyTPVadjN

[Responsible Companies | Frank Bold @purposeofcorp]

🇪🇺 Sustainability Reporting Standards: what changed since July's public consultation, what businesses need to know & what to do next?

@richardhowitt welcomed @Gregor_Filip, head of @purposeofcorp on the #FranklySpeaking podcast to guide us through it.

🎧 https://t.co/JJhH4PCb8r