Given the suddenness and the far-reaching implications of the Commission's decision, we would like to raise the following critical points: 1. [...] Significantly changing the content of the standards would undermine the multi-stakeholder consensus, as well as the functionality and the integrity of the standards. [...] When the news of the delay of the sector-specific standards was shared by the Commission with the SRB, there appeared widespread consensus from all parties, including business and financial institution representatives, that the integrity of sector-agnostic standards should be fully maintained. [...] ● Excluding or postponing individual environmental or social standards would undermine the overall integrity and logic of the sector-agnostic standards and fail to recognise the interconnectedness of the full range of sustainability topics in the CSRD. [...] In this regard, we would like to stress that: ● It is necessary to maintain continuity in the development of the sector-specific standards and achieve a consensus on the priority standards in order to have a less pressured and more thoughtful process, taking advantage of, and without prejudice to, the planned delay to their ultimate adoption.
- Pages
- 5
- Published in
- Belgium
