Today ( 18 October 2022) the Chairman of the EEAC Working Group on Ecosystem Services published a summary of the observations, insights and recommendations that were discussed in the context of the upcoming CBD COP15 by experts that are part of advisory councils on the environment and sustainable development. The experts from seven different advisory councils met online twice and shared their insights during several written rounds.
As a starting point, the experts took note of the state of negotiations on the text of the Post-2020 Global Biodiversity Framework. They focused their exchange on the content of some crucial targets in the negotiation text and on the relationship between those targets.
The experts make a plea to better integrate biodiversity in 1) all spaces, and 2) within all domains. Both tasks must be properly anchored in the system of targets of the Post 2020 Global Biodiversity Framework, so as to have a ‘spinal role’ for the other targets in the text. Experts further underline that the European Union should opt for a realistic, fair and results-driven approach in the run up to and during CBD COP15 itself. In this process, the EU’s active and ambitious stance in the negotiation process needs to be reinforced, by also explicitly reflecting critically on the actions of the EU and its Member States in the context of biodiversity, they argue. Read More
The EEACNetwork, together with the Belgian Federal Council for Sustainable Development (FRDO-CFDD), the German Advisory Council for Sustainable Development (RNE), and the Department of Sustainable Development from Romania organised a joint webinar “Implementing the Corporate Sustainability Reporting Directive: Opportunities and Challenges”. The webinar took place on October 13th.
The Corporate Sustainability Reporting Directive
A provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD) has been reached at EU level. By implementing the CSRD, the EU intends to make ambitious but standardised and accessible sustainability reporting mandatory for more than 50,000 companies across EU Member States. After the official adoption of the CSRD at EU level (end of 2022), EU Member States will have eighteen months to integrate the CSRD into national law. The way in which Member States implement the Directive is expected to influence the extent to which the objectives of this European proposal are actually achieved.
During the webinar a panel of high level experts addressed the following issues: 1) Which aspects need to be taken into account to ensure that the ambitious goals of the CSRD can actually be achieved? 2) What leeway do the Member States have in the implementation process, and how big a risk is this? And 3) How can we learn from the implementation of the CSRD’s predecessor, the Non-Financial Reporting Directive?
The webinar provided guidance and recommendations for action in the final phase of the implementation of the CSRD, so that the transformative potential of the new Directive can be fully achieved.
We were pleased to have contributions from a variety of international policy makers, including: Tom Dodd, European Commission, DG FISMA, Karen Hofmans, the Federal Public Service Economy (Belgium), Jan Witzmann, the Federal Ministry of Justice (Germany), and László Borbély, State Councilor, the Romanian Prime Minister’s Office – Department of Sustainable Development (Romania).