Our main recommendations for an EU initiative on sustainable corporate governance, that ensures environmental and social interests are fully embedded into business strategies, are:

• Review executive remuneration for it to also be linked to longer-term sustainability targets
• Complement the definition of directors’ duty of care with the necessary enforcement and implementation mechanisms against a backdrop of ever-decreasing direct ownership, short share-holding periods and issues with the exercise of voting rights.
• Adopt an effective mandatory due diligence framework based on existing practice such as the OECD Due Diligence Guidance for Responsible Business Conduct.