UK NGO ShareAction, alongside 36 civil society organisations and trade unions, has called on the EU to uphold its commitments to adopting ambitious European sustainability reporting standards (ESRSs) under the Corporate Sustainability Reporting Directive (CSRD). The letter, which was sent to EU Commissioner Mairead McGuinness, asked her to respect the legal mandate agreed in CSRD and to not succumb to political pressure and corporate lobbying by softening the reporting rules. Other signatories include ClientEarth, CDP and Frank Bold. The letter said: “The undersigned signatories oppose the prioritisation of certain sustainability matters over others, warn against an arbitrary reduction of disclosure requirements, and support international alignment but not at the cost of lowering EU’s sustainability ambitions.”
We have sent a joint letter to EU Commissioner @McGuinnessEU asking her to uphold the commitment of adopting ambitious EU standards for corporate sustainability reporting in the face of increasing political pressure.
— ShareAction (@ShareAction) October 26, 2022