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Webinar on Corporate Sustainability Reporting Directive

The ETUI in cooperation with the ETUC organized a webinar on 24 November 2021 on the proposed Corporate Sustainability Reporting Directive (CSRD): what does it mean for workers and worker participation and how could it be improved?

A proposal for a Corporate Sustainability Reporting Directive (CSRD) was published earlier this year by the European Commission and is now being considered by the European Parliament and the European Council. The draft Directive is significantly better in a number of ways than the 2014 Non-financial Reporting Directive (NFRD), which defines current reporting requirements for certain types of large companies on social and environmental matters. Nevertheless, the proposal does not contain some key demands made by the European trade union movement.

This webinar focused on what is in the draft CSRD and where the proposal needs improvement. In the first session an analysis of the strengths and weaknesses of the proposal were discussed. The second session involved a discussion with representatives of the European Commission, European Parliament and the European Economic and Social Committee about the potential for amending the draft CSRD in line with key ETUC demands.  

Session 1: An analysis of key aspects of the proposed Corporate Sustainability Reporting Directive (CSRD)

 

Welcome and introduction

Aline Hoffmann (ETUI) and Isabelle Schömann (ETUC)

What is in the CSRD and where could it be improved? (Aline Hoffmann and Sig Vitols, ETUI; Isabelle Schömann and Stefan Clauwaert, ETUC)       

  • Scope of companies that must report and purpose of reporting 
  • Human rights and environmental due diligence aspects
  • Worker information, consultation and participation rights
  • Governance of sustainability reporting standards development

Moderation: Stefan Gran (ETUC)

Session 2: What should the CSRD deliver? What need is there for amendments to the draft CSRD? (90 min)

A discussion with representatives of EU institutions

Thomas Dodd (European Commission – DG FISMA)

Pascal Durand (MEP and CSRD Rapporteur)

Maxi Leuchters (Worker’s Group, European Economic and Social Committee)

Moderation: Isabelle Schömann (ETUC)

Presentations from the webinar

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Stefan Clauwaert (ETUC) - Human rights (and environmental due diligence) aspects 

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Aline Hoffmann (ETUI) - Worker Participation in the CSRD

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Sig Vitols (ETUI) - EFRAG Governance in the CSRD 

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