Sustainable corporate governance: a pathway for policy coherence on directors’ duties and non-financial reporting

Frank Bold and CDSB welcome you to join the discussion on the EU sustainable corporate governance and the reform of the EU Non-Financial Reporting Directive

Date: 9 February
Time: 09:30-11:00 CET
Register: online

Frank Bold and the Climate Disclosure Standards Board (CDSB) are organising an online discussion for policy wonks on how the EU sustainable corporate governance initiative and the reform of the EU Non-Financial Reporting Directive can be focused on helping companies and financial markets to develop and connect sustainability strategies, target setting, transition plans and reporting obligations. The event is tentatively planned for February 9 (9.30 - 11h) and you can already register to take part in the event here

Meeting the goal of the EU Green Deal to achieve no net GHG emissions by 2050 requires at least half trillion euros of additional investments in the EU every year and will involve significant market and regulatory changes targeting every sector of the economy. The positive impact of both legislative initiatives is closely connected and depends on that of the other. However, the broad examination of corporate governance conducted by DG Justice has recently opened a heated debate.

This event aims to take a sober look at the connection between the non-financial reporting and corporate governance reforms, with the objective of building consensus on the critical changes needed for the success of the system, without reinventing the wheel or breaking what works. 

Programme

09:30h Welcome & Introductory remarks 

  • Mardi McBrien, Managing Director, CDSB

09:35h Opening keynote: What does the European Commission want to achieve with the Sustainable Corporate Governance initiative? 

  • Didier Reynders, EU Commissioner for Justice (video message) 

09:45 Academic perspective: What is needed to clarify directors’ duty of care vis-a-vis due diligence, materiality determination and sustainability targets 

  • Andrew Johnston, University of Warwick, author of the statement of 75 senior company law scholars and experts “Corporate Governance for Sustainability” 
  • Filip Gregor, Head of Responsible Companies Section, Frank Bold (moderator)

09:55 Experience from practitioners:  How can corporate governance and non-financial reporting frameworks help 

  • Théo Jaekel, Corporate Responsibility Expert, Ericsson
  • Steve Waygood, Aviva Chief Responsible Investment Officer 
  • Caroline Avan, Advocacy Officer, Oxfam France
  • George Dallas, Policy Director at the International Corporate Governance Network 
  • Richard Howitt, Senior Advisor, Frank Bold (moderator)

10:45h Closing notes: the future of sustainable corporate governance in the EU and beyond 

  • Alberto Carrillo Pineda, co-founder, Science-Based Targets initiative 
  • Heidi Hautala, MEP, EU Parliament Vice-President and chair of the Responsible Working Group

With the contribution of the LIFE Programme of the European Union

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