EU wants Business Leaders to Focus on Sustainability rather than Short-Term Financial Value

The European Commission is seeking public comments by February 6, 2021 on its “Sustainable Corporate Governance” initiative  – “… Sustainability in corporate governance encompasses encouraging businesses to consider environmental (including climate, biodiversity), social, human and economic impact in their business decisions, and to focus on long-term sustainable value creation rather than short-term financial value …

The consultation aims to: Gather the views of stakeholders on the need and objectives for EU intervention as well as different policy options; Gather data that can be used to better assess the costs and benefits of different policy options; [and] Gather additional knowledge about certain specific issues, in particular as regards national frameworks, enforcement mechanisms and current jurisprudence …” #PlasticWaste #SingleUsePlastic #ESG