The Time is Ripe for EU Policy Reforms and Standards on Corporate Sustainability Reporting

Following the presentation of the Green Deal last December, the EU Commission initiated the reform of the EU Non-Financial Reporting Directive (NFRD) with the objective to improve quality, consistency, comparability, as well as accessibility of critical information on sustainability disclosed by companies.

This legal framework provides companies and financial actors with much-needed rules and guidelines to report on the risks and impacts on people and the planet, and provide a basis for the EU Commission’s effort to scale up sustainable finance1. The severity of COVID-19 and its economic and social consequences have underlined the need to further and strengthen our efforts on creating a sustainable and resilient economic system.

The undersigned civil society organizations welcome this ambition and call on the European Commission to address the following two critical issues (…)