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Categoria: International update

ecoDa EU Alerts 9

Posted on by Giuseppe Moscato

EUROPEAN INSTITUTIONS DEVELOPMENTS
EC: SFRD review
Legislators strike deal on a new standard to fight greenwashing in the bond markets

INTERNATIONAL DEVELOPMENTS
US Justice Department wants executives to foot bill for corporate misconduct (Reuters)

EUROPEAN DEVELOPMENTS
‘Easy’ carbon targets keep exeuctive pay high (Board Agenda)

NATIONAL DEVELOPMENTS
Germany: Why the CSDDD needs a safe harbour framework
France: Total’s Tilenga and EACOP Projects: the Paris Civil Court dodges the issue (Business & Human Rights Resource Centre)

REPORTS / ARTICLES
Global dividend index (Janus Henderson)
AIG: US cybersecurity – old practices, new visions

ecoDa News
9th and 10th of March: ecoDa’s Spring Edition of its European Board Diploma with 42 participants.

The EU Alert is available for download here.

A series of webinars launched by ecoDa and Mazars on the CSRD

Posted on by Giuseppe Moscato

As the Corporate Sustainability Reporting Directive (CSRD) came into force on January 2023, ecoDa and Mazars, are launching a series of two webinars to enlighten board members about the new requirements and responsibilities implied by this new directive. To equip board members, but more broadly, all actors that will now play a role in sustainability reporting, with the right understanding and practical tips to apply the new rules, ecoDa and Mazars have gathered knowledgeable practitioners. They will share their complementary expertise on the rules, the practice, and what could be expected in terms of supervision – and the best way to get prepared.

Per registrarti all’appuntamento del 17 Aprile CLICCA QUI

Per registrarti all’appuntamento del 18 Aprile CLICCA QUI

Webinar ecoDa and EY – Linking executive pay with sustainability goals: pratical considerations

Posted on by Giuseppe Moscato

On the 30th of March (from 11.00 to 12.00 pm CEST), ecoDa, together with EY will organise a webinar to discuss how companies can start developing sustainable compensation schemes. At a time when companies’ directors enjoying variable remuneration are increasingly incentivised to contribute to combating climate change by reference to the corporate plan, defining material ESG targets over a timeframe remains a challenge. Our high-level practitioners and experts will therefore guide companies through the main questions they should reflect upon to ensure sound and relevant sustainable compensation frameworks.

Per registrarti CLICCA QUI

ecoDa EU Alerts 7

Posted on by Giuseppe Moscato

EUROPEAN INSTITUTIONS DEVELOPMENTS
EP: Approval of the new rules to revive European long-term investment funds

INTERNATIONAL DEVELOPMENTS
SEC open to easing controversial climate disclosure proposal (Politico)
Audit Committees name ESG reporting at the top agenda item (BoardAgenda)
Statement on US-EU Financial Regulatory Forum (US Department of the treasury)

EUROPEAN DEVELOPMENTS
NGOs accuse EU’s lending arm of due diligence failings (Financial Times)
EFRAG: Where is corporate reporting heading (Summary Report)
Multi-stakeholder analysis of corporate failures (Accountancy Europe)

NATIONAL DEVELOPMENTS
UK: The country’s financial watchdog hit with claim over prospectus climate risk disclosure (Financial Times)
France: More than 1000 entreprises à mission (Novethic)


REPORTS
Effective downstream human rights due diligence: Key questions for companies (GBI)

ecoDa News

  • ecoDa’s team is enlarging with an intern, Jonas Van Diepen;
  • Several preparatory meetings for the Spring Edition of ecoDa’s European Board Diploma.

The EU Alert is available for download here.

ecoDa EU Alert 6

Posted on by Giuseppe Moscato

EUROPEAN INSTITUTIONS DEVELOPMENTS
EP: CS3D Update

INTERNATIONAL DEVELOPMENTS
World’s biggest investment fund warns directors to tackle climate crisis or face sack (The Guardian)

EUROPEAN DEVELOPMENTS
Companies and investors calling for ambitious European sustainability reporting standards
An analysis of the EU governance framework for corporate reporting (The European Contact Group)
European discussion on the implementation of the CSRD

NATIONAL DEVELOPMENTS
France: The French High Council of Statutory Auditors could harden its position (Les Echos)
UK: Shell directors personally sued over ‘flawed’ climate strategy (Business & Human Rights Resource Centre)

EVENTS/WEBINARS
OECD Forum on due diligence and responsible business conduct

The EU Alert is available for download here.

The European Board Diploma 2023

Posted on by Giuseppe Moscato

Gentili Associati,

vi segnaliamo il programma di formazione “The European Board Diploma” organizzato da ecoDa, insieme ad alcuni partners tra cui Nedcommunity, che inizierà il 9 Marzo 2023.
Il corso consta di 4 appuntamenti, 3 obbligatori (9, 10 e 16 Marzo) e 1 opzionale (24, 31 Marzo e 27 Aprile).

Tra gli speakers parteciperanno anche uno dei nostri Associati, Michele Siri, il cui interevento è:

9 March 2023 – 10:20: Pillar 1: European Diversity in Corporate Governance

Insights on key features of national Corporate Governance models in Europe (France,
Germany, Italy, the Nordic countries, the UK), Roger Barker, Director of Policy and Governance, Institute of
Directors, Michel de Fabiani (Experienced board member and Chair of the Nomination and Remuneration Club of the French Directors’ Institute), Gudrun Timm, Partner and Director, Carpe Diem International, Michele Siri, Professor of business law at the University of Genoa (Italy) and director of the Genoa Centre for Law and Finance, Lena Henningsson, Director, StableTable Scandinavia AB, Chairman, Lund University School of Economics and Management.

In allegato troverete tutta la documentazione relativa al corso.

ESG embedding: are you ready? A call for Boards, Risk Managers and Internal Auditors

Posted on by Giuseppe Moscato
Corporate Sustainability: Risk Managers and Internal Auditors must work closer with Boards of Directors
Boards of Directors need to work closer with Risk Managers and Internal Auditors to meet the sustainability challenges facing corporations. Otherwise, there is an increased risk of not meeting legal obligations and market expectations.
 
“Risk Managers and Internal Auditors are needed for their expertise when it comes to anticipating the effect of double materiality. The two professions can also help the Board in the dialogue with relevant stakeholders. Companies should first assess their level of maturity in terms of overall approach to sustainability”, highlighted Béatrice Richez-Baum, Director General, ecoDa.
 
EFRAG has just delivered the first set of draft standards for European sustainability reporting (ESRS) to the European Commission. The standards underline the urgency for European corporations to meet the sustainability challenge. At board level, more in-depth knowledge of sustainability issues in business operations becomes imperative.
 
“As a prerequisite, risk management and internal audit must support the Board and senior management so that strategy, risk management, policies, governance and culture fulfill the requirements and expectations. In turn, the Board and the C-Suite must give internal audit and risk management the means to do this”, added Pascale Vandenbussche, Secretary General, ECIIA.
 
While new developments regarding enhanced European legislation on corporate sustainability (including EFRAG’s ESRS standards) are emerging, ecoDa representing board members, FERMA representing risk managers and ECIIA for internal auditors describe in a joint paper, why cooperation between the three roles is needed.
 
“A corporate culture that embraces enterprise-wide risk management is a fundamental factor in determining how organisations approach and deal with sustainability. Managing sustainability requires a mature risk management function and processes. And, with our maturity matrix in the paper we guide organisations to gain a better sense of their sustainability journey”, Typhaine Beaupérin, FERMA CEO.
 
Embedding sustainability into business operations requires Boards of Directors, Risk Managers and Internal Auditors to cooperate. A clear understanding between the Risk Management and Internal Audit functions must be developed to support the Board, and deliver on sustainability objectives.

ecoDa Upcoming Webinars

Posted on by Giuseppe Moscato

10 October 2022: Corporate Governance: A booster for innovation?

Promoting a more standardised and global approach of governance practices is it the right to support innovation in European companies? How companies can have a different development path if regulators and investors are overly focusing on enforcing hard regulations and standard practices?
This webinar will be moderated by Michael Hilb.
The panel will be composed of Chris Hodge, Gatis Kokins, Annalisa Gigante and Abigail Levrau.
Please register to confirm your participation via this link: https://us02web.zoom.us/webinar/register/WN_u0IA8yehSr2tvR2moTAqow

27 October 2022: Corporate reporting: Internal control 2.0 as the way forward? In cooperation with PwC

The subject of internal control is becoming more predominant in current debates, whether it concerns reflection on corporate reporting, ESRS standards or audit reform debates at national level like in the UK and in the Netherlands. What is meant by internal control? What is the role of internal control for ESG? What lessons from Sarbanes Oxley?
This webinar will be moderated by Rogier Wezenbeek.
The panel will be composed of Rachel Bowden, Maurizio Donvito, Stephen Licence and Anne-Hélène Monsellato.

Please register to confirm your participation via this link: https://us02web.zoom.us/webinar/register/WN_GdVGPzupRp2oaB_6IzYdgg


The European Board Diploma 2022

Posted on by Giuseppe Moscato

Gentili Associati,

vi segnaliamo il programma di formazione “The European Board Diploma” organizzato da ecoDa, insieme ad alcuni partners tra cui Nedcommunity, che inizierà il 20 Ottobre 2022.
Il corso consta di 4 appuntamenti, 3 obbligatori (20, 21 e 28 Ottobre) e 1 opzionale (7, 18 e 25 Novemebre).

Tra gli speakers parteciperanno anche due dei nostri Associati, Michele Siri e Livia Piermattei, i cui intereventi sono:

20 October 2022 – 11:00: Pillar 2 European Diversity in Corporate Governance
Tailor-made Corporate Governance starts by an understanding of the different Corporate Governance models.
Insights on key features of national Corporate Governance models in Europe, Roger Barker,
Director of Policy and Governance, Institute of Directors, Gudrun Timm, Partner and Director, Carpe Diem International, Michele Siri, Professor of business law at the University of Genoa (Italy) and director of the
Genoa Centre for Law and Finance, Lena Henningsson, Director, StableTable Scandinavia AB
Chairman, Lund University School of Economics and Management

20 October 2022 – 15:55 Case study 1: Credible action on sustainability as lever for business success (With Embedding project and Livia Piermattei, Board Member, Board Advisor for a Sustainable Performance, Amundi SGR spa) – Examining effective board oversight of credible sustainability performance

In allegato troverete tutta la documentazione relativa al corso.


ecoDa – EU Alerts 32

Posted on by Giuseppe Moscato

It Includes:

EUROPEAN INSTITUTIONS DEVELOPMENTS

  • Council: Compromise proposal on the CSDD by the Presidency
  • EESC: Opinion on the CSDD Commission proposal

INTERNATIONAL DEVELOPMENTS

  • BlackRock: 2022 voting spotlight
  • Japan: Regulator published ESG code of conduct (Minerva Analytics)

EUROPEAN DEVELOPMENTS

  • Responses to EFRAG consultation on the first set of draft ESR
  • Accountancy Europe
  • ESMA

NATIONAL DEVELOPMENTS

  • France: Legal inventory of extra-financial instruments adopted by large companies
  • UK: Further improvement needed under new climate rules
  • Luxembourg: Study on non-executive directors and the concept of independence

ARTICLE

EU corporate due diligence proposal: game changer or paper tiger? (European Jacques Delors)

The EU Alert is available for download here.

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