Abstract
In this chapter, we aim at exploring the forthcoming changes which will affect the way in which sustainability reporting and corporate governance will be shaped by new initiatives by the European Commission to enable the financial system to embrace a more sustainable path. In particular, we address the key areas of the Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) which aims at addressing the main shortcomings identified in the application of the current Non-Financial Reporting Directive (NFRD). We then address the current debate around the EU Sustainable Corporate Governance initiative, including its background and the possible actions that may follow from this initiative whose wide scope is likely to require both legislative and non-legislative measures.
The opinions stated by the authors are personal and do not bind ESMA.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Clarkson P. M., Li, Y., Richardson, G. D., & Vasvari, F. P. (2008). Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organizations and Society, 33(4–5).
Endrikat, J., de Villiers, C., Guenther, T. W., & Guenther, E. M. (2020). Board characteristics and corporate social responsibility: A meta-analytic investigation. Business & Society.
EY. (2019). Study on directors’ duties and sustainable corporate governance, Available at: Publications Office of the EU https://op.europa.eu/en/publication-detail/-/publication/e47928a2-d20b-11ea-adf7-01aa75ed71a1/language-en, pg. 7.
HLEG. (2018). Final report of the High-Level Expert Group on sustainable finance, available at: European Commission https://ec.europa.eu/info/files/180131-sustainable-finance-final-report_en
ILO. (2017). Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy (MNE Declaration)—5th Edition (2017), available at: (ENTERPRISES) https://www.ilo.org/empent/areas/mne-declaration/lang--en/index.htm
Lopez de Silanes, F., McCahery, J. A., & Pudschedl, P/C. (2019). ESG performance and disclosure: A cross-country analysis (European Corporate Governance Institute—Law Working Paper 481).
OECD. (2011). Guidelines for multinational enterprises, available at: Guidelines—Organisation for Economic Co-operation and Development http://mneguidelines.oecd.org/guidelines/
UN. (2011). Guiding principles on business and human rights, available at guidingprinciplesbusinesshr_en.pdf https://digitallibrary.un.org/record/720245?ln=en
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
D’Eri, A., Novembre, V. (2022). Future Perspectives on Sustainable Corporate Governance and Disclosures. In: Linciano, N., Soccorso, P., Guagliano, C. (eds) Information as a Driver of Sustainable Finance. Palgrave Studies in Impact Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-93768-3_9
Download citation
DOI: https://doi.org/10.1007/978-3-030-93768-3_9
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-93767-6
Online ISBN: 978-3-030-93768-3
eBook Packages: Economics and FinanceEconomics and Finance (R0)