This week the European Parliament voted in favour of the Nature Restoration Law and more good news is that @ebbf also contributed to saving a fundamental article in another EU law. In both cases the #sustainability core value of ebbf was fully applied. Sponsored by the @B Lab Europe movement @ebbf was one of the signatories of the #InterdependenceCoalition In May 2023, the Interdependence Coalition which submitted a formal response to the @European Commission on their proposed directive for Corporate Sustainable Due Diligence. It was our chance to make the powerful case for incorporating into the proposed legislation the concept of stakeholder governance for all companies. In June, the European Parliament voted to approve their position on the Corporate Sustainability Due Diligence Directive (CSDDD). Furthermore, Article 25, which revises the Duty of Care of Directors in the EU by requiring consideration of sustainability matters in the decision-making processes, was also voted through. More info here: https://interdependencecoalition.eu/our-response-to-the-eu-proposal-for-a-directive-on-corporate-sustainability-due-diligence/ Commenting on the other law voted this week, ( more background info on the law here : https://www.consilium.europa.eu/en/press/press-releases/2023/06/20/council-reaches-agreement-on-the-nature-restoration-law/ ) the current pace of biodiversity loss represents an existential threat. We believe we can all share the responsibility to urgently preserve and restore nature and biodiversity. The Nature Restoration Law is a much-needed tool to achieve this. Whilst weakened, it is an opportunity for all EU institutions to make constructive use of the trilogue negotiations to ensure a final law that is fit for addressing the global climate and biodiversity emergency.
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