French Chief Sustainability Officers (CSOs) have urged the European Commission to maintain the integrity and ambition of the EU’s sustainability regulations, specifically the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). In a letter addressed to key EU commissioners, the CSOs emphasized that while the comprehensive nature of the CSRD has raised concerns among companies new to Environmental, Social, and Governance (ESG) accountability, this comprehensiveness is vital for developing robust ESG strategies and enhancing global competitiveness.  

The CSOs advocate for a gradual implementation of these directives, preserving their core objectives while allowing businesses to focus on strategic priorities. They stress that ESG reporting, and value chain assessments are essential for resilience, growth, and long-term competitiveness, positioning European standards to influence global norms. The letter also calls for practical measures to improve clarity and effectiveness without compromising strategic goals, including simplified communication, resource support, and a phased approach to encourage widespread adoption.  

Echoing this sentiment, major companies such as Primark, Mars, and Nestlé have expressed support for the EU’s sustainability due diligence and reporting rules. In an open letter, they highlight the potential of these regulations to drive long-term resilience and value for European businesses, supporting a competitive advantage. The companies urge policymakers to focus on delivering practical implementation of these rules, emphasizing the need for consistency, clarity, and confidence in their application. They caution against reopening the legislation for political renegotiation, noting that parts are already in force and that businesses have invested significantly in compliance preparations.  

These developments underscore the critical role of ESG principles and a robust carbon neutral strategy in shaping the future of European business. By upholding stringent sustainability regulations, the EU can ensure that its companies remain competitive globally, drive innovation, and contribute to a sustainable future. The collective stance of CSOs and major corporations highlights a unified commitment to maintaining the momentum of the EU’s Green Deal agenda, reinforcing the importance of ESG considerations in corporate strategy and operations. 

Sources: 

https://www.sustainableviews.com/editors-note-leaked-french-csos-warn-against-weakening-csrd-csddd-6ee9ab34/ 

https://real-economy-progress.com/the-rep-wrap-french-regulator-to-approach-csrd-reports-understandingly/ 

https://www.linkedin.com/posts/susannaarus_editors-note-leaked-french-csos-warn-activity-7285994387707166721-YyRb