The transition to an economy which allows a safe climate for all is one of the most important tasks for our generation. A wide range of policy initiatives is needed to pave the way for this transition. Concerning sustainable corporate governance, pension funds can play their role in fostering the transition based on sustainable ESG criteria. However, PensionsEurope believes that there is a need for clarifications and amendments in the proposed CSDD directive as part of the ordinary legislative process to make it appropriate for institutional investors and financial services providers. Therefore, we would like to express our position in our paper concerning the following points:
- Scope -Article 2
- Value Chain -Article 3
- Prevention of adverse impacts- Article 7
- Directors’ duties and civil liability- Article 22
- Reporting -Article 11
- Plan for transition -Article 15
- Framework for monitoring compliance -Articles 17 to 21
