About the Program
The Paris Climate Agreement turned ten years old in December 2025. The EU has adopted numerous regulations at a rapid pace since December 2016, when the High-Level Group on Sustainable Finance was created, but in September 2024, a sudden halt seems to have been put to this process with the findings of Draghi's report, The Future of European Competitiveness. It seems that European companies are not competitive enough due to the complexity of these regulations (CSRD, CS3D, Taxonomy), which are nevertheless so innovative. The time has come for simplification with the Omnibus I Simplification Package adopted in December 2025. This future directive will have many theoretical and practical consequences despite the drastic reduction in its scope. Thus, the issue of Sustainable Directors' Duties is more than ever one of the conditions for the effectiveness of Sustainable Corporate Governance in and outside the EU.
Furthermore, paradoxically in view of European ambitions, there will be a return to national laws, particularly in the area of Due Diligence. The French Law Duty of Vigilance adopted in 2017 has been making an instructive comeback. France was the first Member State of the EU to transpose the CSRD, perhaps too quickly. The wisdom of La Fontaine's fable The Hare and the Tortoise, published in 1668, may be particularly relevant today. Timing issues and normative regulations do not always go hand in hand.
