European Commission consults on embedding sustainability into corporate governance framework

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The European Commission is seeking stakeholder views on placing sustainability at the centre of corporate governance framework, as announced in the European Green Deal and the Commission’s communication on the COVID-19 recovery plan. 

Sustainability in corporate governance encompasses encouraging businesses to consider environmental (including climate, biodiversity), social, human and economic impact in their business decisions, and to focus on long-term sustainable value creation rather than short-term financial value. 

This public consultation aims to gather data and to collect the views of stakeholders regarding a possible initiative on sustainable corporate governance. 

Views are sought from businesses of all sectors and all sizes and their directors (including non-EU companies active in the EU market), any individuals and groups impacted by the operations of these businesses in the EU and in their global value chains (employees, consumers, investors, local communities etc.). 

Participation is also sought from investors and their organisations, environmental organisations, trade unions and non-governmental organisations representing the interests of other stakeholders, and public authorities with a possible role in supervising and enforcing the new rules. 

You can take part in the consultation on the European Commission’s website until 8 February 2021 (midnight Brussels time).