Sustainability on the European agenda
The Parliament Initiative follows a year of increased political discussions, in Europe and worldwide, on the need for a more sustainable and responsible economy and society where Environmental, Social and Corporate Governance ("ESG") is an integral part of companies' long-term business strategies. It also follows the EU Green Deal, EU Non-Financial Reporting Directive, EU Conflict Minerals Regulation and EU Timber Regulation, all recognising the impact that companies operating in the EU can have on environment and society both within and outside of the EU.