Joint letter – Smart implementation of EU sustainability reporting standards
With 90+ organisations, ECOS expresses its concern about von der Leyen's recent announcement of an omnibus proposal, which risks undermining the ambition of the Corporate Sustainability Reporting Directive.
As European leaders seek to boost competitiveness and attract major financing to support companies’ sustainability transition, the statement, shared with EU and national policy-makers, emphasises:
- The role of the EU sustainability legal framework as a catalyst for economic transformation;
- Companies’ need for legal certainty over short-sighted political reactions;
- The importance of promoting a pragmatic implementation that prevents over-compliance approaches;
- The risk-based nature and built-in flexibility of the EU standards;
- The need to protect the EU market and level the playing field globally.
