abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

Cette page n’est pas disponible en Français et est affichée en English

Article

1 fév 2022

Auteur:
WWF European Policy Office, Finance Watch, ShareAction, Frank Bold, Economy for the Common Good & Oxfam

NGOs call on Commission to integrate reforms on directors’ obligations & align incentives with sustainability targets in EU Sustainable Corporate Governance initiative

"Open Letter: An encompassing approach to effective Sustainable Corporate Governance", 31 Jan 2022

Dear Commission President,

Dear Vice-President,

We welcome recent information that the Commission will come forward with its proposal on the Sustainable Corporate Governance initiative this February. However, and as already outlined in our previous letter on the 20th of December 2021, the undersigned organizations would like to express their deep concerns that reforms of directors’ duties, mandatory corporate sustainability targets and related incentives may not feature in the forthcoming proposal...

We therefore urge the Commission to ensure the two following key recommendations are integrated in its proposal.

  • Clarify existing directors’ obligations with regards to strategic oversight of sustainability matters and related due diligence obligations. Those must form an integral part of companies’ strategy. This undoubtedly requires measurable, specific and time-bound science-based targets - accompanied by transition plans, to ensure alignment with EU’s international commitments on climate change in particular. On this front, the urgency of ensuring a much greater convergence of actions of all actors - and most importantly, of the private sector, calls for dedicated corporate targets, a view increasingly shared by institutions, civil society organizations, investors and companies themselves.
  • Aligning incentives for actions with sustainability targets: all across the EU, many companies have already made initial moves on this. It is time to support and expand those initiatives. Incentives for executive actions have reflected for too long the overwhelming priorities of companies: short-term financial profits. Sustainability is emerging as a challenge and an opportunity for companies. The remuneration of those who guide and steer their direction must be designed to support this transition. As highlighted in the letter published on the 26th of January by 25 EU business leaders: “To give more weight to the long term, it is necessary to integrate it into short-term governance tools. [...] This makes it possible to get away from the sometimes contradictory injunctions between financial performance and environmental performance”

The European Commission must stay on course. The initial ambition of this initiative was an example of European leadership. We call on you to ensure that the proposal reflects that and steers the shift towards the sustainable European economy that citizens are aspiring to...

Chronologie

Informations sur la confidentialité

Ce site utilise des cookies et d'autres technologies de stockage web. Vous pouvez définir vos choix en matière de confidentialité ci-dessous. Les changements prendront effet immédiatement.

Pour plus d'informations sur notre utilisation du stockage web, veuillez vous référer à notre Politique en matière d'utilisation des données et de cookies

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Cookie analytique

ON
OFF

Lorsque vous accédez à notre site Web, nous utilisons Google Analytics pour collecter des informations sur votre visite. Autoriser ce cookie nous permettra de comprendre en plus de détails sur votre parcours et d'améliorer la façon dont nous diffusons les informations. Toutes les informations analytiques sont anonymes et nous ne les utilisons pas pour vous identifier. Outre la possibilité que vous avez de refuser des cookies, vous pouvez installer le module pour la désactivation de Google Analytics.

Cookies promotionels

ON
OFF

Nous partageons des nouvelles et des mises à jour sur les entreprises et les droits de l'homme via des plateformes tierces, y compris les médias sociaux et les moteurs de recherche. Ces cookies nous aident à comprendre les performances de ces items.

Vos choix en matière de confidentialité pour ce site

Ce site utilise des cookies et d'autres technologies de stockage web pour améliorer votre expérience au-delà des fonctionnalités de base nécessaires.