In that context, the Foundation’s work can take inspiration from and should leave sufficient room for the European Commission’s proposal for a Corporate Sustainability Reporting Directive. The Commission’s proposal includes transposition of the Directive into national law by EU Member States by December 2022 to ensure it is applicable for the fiscal year beginning 1 January 2023.
With all these activities and numerous initiatives from non-governmental organisations[5], the green finance landscape is quickly becoming crowded. As everyone has a vital role to play in addressing the climate crisis, this is clearly a welcome development.