The EU Sustainable Corporate Governance Initiative: Where are ...
corpgov.law.harvard.edu › 2022/03/18 › the-euMar 18, 2022 · This initiative was backed by an Ernst & Young report, called a “study on directors’ duties and sustainable corporate governance”. The initiative and especially the EY study drew fierce criticism, also from many U.S. scholars, indicating some misleading and erroneous elements (such as Roe et al (2020); Coffee, Jr. (2020)). The Initiative gained global attention partly because of taking stock with the “corporate purpose” debate.
Legislative proposal on sustainable corporate governance
www.europarl.europa.eu › legislative-train › themeDec 15, 2022 · On 23 February 2022, the Commission published a legislative proposal for a Directive on corporate sustainability due diligence. The initiative is also known under the name "sustainable corporate governance". This proposal establishes a corporate sustainability due diligence duty to address negative human rights and environmental impacts. The proposal aims to foster sustainable and responsible corporate behaviour throughout global value chains.
Call to Action on Sustainable Corporate Governance
corpgov.law.harvard.edu › 2021/03/09 › call-toMar 9, 2021 · As leaders in business, investment and financial institutions, and academia we welcome and encourage efforts in jurisdictions around the world to take action to embed the concept of sustainable development in corporate governance law, codes and initiatives. Business sustainability, sustainable finance, corporate purpose and long-term value creation must begin with company boards and the systems of governance under which companies operate.