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CSR news from 01/03/2024

CSR news of 1 March: rejection of the European directive on duty of vigilance, feminization of CAC40 Comex, risk of loss of B-Corp certification for Havas, increase in high-impact jobs, and the UN initiative on chemical pollution.

Pierre Poirmeur

Co-founder and CEO of Beaver

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1. Blocking the European Directive on Duty of Vigilance

The draft European directive on corporate due diligence was rejected, despite the expectations placed on it as a pillar of the European GreenDeal.

Source: Novethic — “The European duty of vigilance rejected after a U-turn by the Member States”

2. Feminization of CAC40 Comex

Despite progress, women remain underrepresented on the CAC40 executive committees, with only 6.25% of women holding positions of president or chief executive officer.

Source: RSE Magazine — “Feminization of executive committees: 16 CAC40 companies have exceeded 30% of women on Comex”

3. Havas risks losing its B-Corp certification

Havas could see its B-Corp certification revoked following its partnership with the oil company Shell, calling into question its CSR commitments.

Source: Novethic — “B-Corp could withdraw its certification from Havas because of its contracts with fossil fuels”

4. IFD Investor Impact Charter

The Institute for Sustainable Finance has published a charter guiding investors towards practices in line with the Paris Agreements and the SDGs.

Source: RSE Magazine — “The Institute of Sustainable Finance publishes its Investor Impact Charter”

5. Demand for high-impact jobs is on the rise

Job vacancies in the fields of CSR and sustainable finance increased by 40% in 2023, reflecting a dynamic job market in these sectors.

Source: YouMatter — “Employment: high-impact jobs are recruiting!”

6. Concerns of the SSE Sector about Budget Cuts

The social and solidarity economy sector is expressing its concerns following the announcement of budget cuts of 10 billion euros by the French government.

Source: L'info Durable — “Budget cut of 10 billion euros: concerns of the SSE sector”

7. Luxury Pushed towards More Responsibility

Luxury consumers are increasingly demanding that brands demonstrate social utility and commitment to important causes.

Source: RSE Magazine — “Luxury: buyers increasingly concerned with social issues”

8. Ecological training for engineers

It is crucial that current engineers be trained in ecological issues in order to adapt their skills to new market requirements.

Source: Novethic — “Training in ecology, a necessity for engineers already in place”

9. An “IPCC” for Chemical Pollution by the UN

The UN plans to create an intergovernmental panel of experts to advise on chemical pollution, similar to the IPCC for climate.

Source: Novethic — “The UN is working to create an 'IPCC' on chemical pollution”

10. Agriculture Defined as Major General Interest

Emmanuel Macron proposes to classify agriculture as a “major general interest” of the Nation, a measure that could influence environmental regulation.

Source: Green — “A promise to farmers that could threaten the environment”

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