Tag: European Commission

NGOs challenge European Commission on delay to human rights law
Amnesty International and Oxfam are among 47 NGOs that have written to European Commission president Ursula von der Leyen demanding progress.

MEPs protest over EU sustainable corporate governance measures
Members of the European Parliament have written to commissioners amid fears that key measures in the legislation will be watered down.

Business leaders issue warning on governance rules and sustainability
Without the European Commission’s reforms, governance systems “will act as countervailing forces against achieving sustainability objectives”.

Norges Bank rejects idea of standards for board sustainability skills
“Prescriptive requirements for directors’ ESG expertise will be difficult to implement and may impede board formation,” warns the investor.

Brussels pushes ahead with project for new European governance
Consultation adds new obligations on human rights and stakeholder interests to a raft of measures encouraging long-term value creation.

Harvard experts slam EU report on long-term strategic thinking
European Commission study contains “deep flaws”, conflates key factors and “touts cures” that could be “counterproductive”, academics warn.

EU urges firms to focus on long-term strategy over short-term goals
European Commission study finds shareholder pay-outs increased fourfold from 1992–2018, with a fall in the ratio of capex and R&D investment to revenues.

EU set to review its Non-Financial Reporting Directive
The sustainability reporting rules have faced criticism for failing to produce the detailed disclosures required to confront climate change.

European agreement on sustainable business taxonomy divides opinion
European institutions have agreed a taxonomy of sustainable economic activity, but critics warn it could impose “unjustified additional burdens” on firms.

A new agenda for Europe: capital markets union, sustainability and IPOs
The European Commission has a new president and is working on its strategic agenda. What should be the new administration’s priorities?