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Corporate Social Responsibility (CSR) structures an organisation's contribution to sustainable and ethical development. Its scope, built on precise principles, connects strategic management, measurable performance and regulatory compliance.

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CSR News of 02/23/2024: Gender, Greenwashing, and Finance

CSR News of 02/23/2024: Gender, Greenwashing, and Finance

CSR news – Feb 23, 2024: key updates on gender equality funding, EU greenwashing rules, sustainable finance, and ESG reporting in China.

Pierre Poirmeur

Co-founder and CEO of Ditto

1. CSR Commitment according to the Size of the Company

An Audencia study reveals that employees of small businesses perceive a more significant CSR commitment in their companies compared to large companies, underlining the importance of internal communication in terms of CSR.

Source: RSE Magazine — “CSR commitment in business: a question of size and hierarchy”

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2. The need to invest in gender equality

In Les Echos, Marie Eloy argues for a substantial financial investment in favor of gender equality, comparable to that devoted to ecological transition.

Source: Les Echos — “Transition to gender equality: what means?”

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3. Responsible Purchasing and the Economic Crisis

Periods of crisis seem to reduce the priority given to responsible purchasing, despite increased awareness of CSR issues and growing regulatory pressures.

Source: Novethic — “Businesses: responsible purchasing put to the test by the economic and geopolitical crisis”

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4. Simplification and Implications Bill for the CSE

The Simplification bill, discussed in Bercy, could threaten the importance of social dialogue and CSR dynamics by weakening the prerogatives of the Social and Economic Committee (CSE).

Source: Novethic — “Social dialogue: the future Simplification law could threaten the social and environmental role of CSEs”

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5. Transparency of Listed Companies in China

China is preparing to require its listed companies to publish data on their sustainability, following a principle of double materiality similar to the European CSRD.

Source: Novethic — “ESG reporting: Chinese listed companies are preparing to disclose their sustainability data”

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6. Interactions between labels and mission companies

CSR labels and certifications complement the statutory commitment of mission-based companies, offering a holistic approach to validate the social and environmental contributions of companies.

Source: La Tribune — “The company with a mission is an accelerator of impact research”

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7. AMF and Green Finance Supervision

The Financial Markets Authority (AMF) calls for an overhaul of the SFDR to strengthen transparency in the field of sustainable finance, proposing a clearer classification of investments.

Source: L'Info Durable — “Green finance: the AMF calls for more clarity on the SFDR”

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8. The EU's fight against greenwashing

The European Union is stepping up its fight against greenwashing, requiring prior verification of companies' environmental claims under penalty of severe sanctions.

Source: CareNews — “Greenwashing: the European Union votes for the mandatory verification of environmental claims”

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9. “Impact Washing” of Investment Funds

ESMA criticizes investment funds that claim to support the SDGs without showing real superior social or environmental performance.

Source: Novethic — “ESMA is tackling the greenwashing of SDG funds”

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10. Impact of Environmental Planning on Employment

A report by the General Secretariat for Ecological Planning analyses the impact of the ecological transition on the employment market, foreseeing the net creation of jobs but also challenges in terms of training and professional retraining.

Source: “Jobs and Skills Strategy for Ecological Planning” from SGPE

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Table of contents

1. CSR Commitment according to the Size of the Company
2. The need to invest in gender equality
3. Responsible Purchasing and the Economic Crisis
4. Simplification and Implications Bill for the CSE
5. Transparency of Listed Companies in China
6. Interactions between labels and mission companies
7. AMF and Green Finance Supervision
8. The EU's fight against greenwashing
9. “Impact Washing” of Investment Funds
10. Impact of Environmental Planning on Employment
EcoVadis

EcoVadis Guide - 3 weeks to succeed in your CSR assessment

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