Opinion column by Sophie Chassat, WEMEAN Partner and professor at IEP Paris, and Natacha Valla, economist and Dean of the School of Management and Innovation at IEP Paris: for a European #responsiblecapitalism 🇪🇺 that puts #sense before norms!
Future European #impact standards are likely to be complex and illegible for economic agents and citizens, even though they are the intended recipients and judges:
➕✅: balancing financial and non-financial indicators; shared standards to make it easier to compare companies; obligation to publish information of a retrospective and prospective nature; adapting the framework for SMEs...
‼️❌: But we're already talking about 1,186 indicators! There is a real risk that companies will interpret this standard as a constraint rather than an opportunity, at a time when they are being asked to become committed players.
"This complexity will also affect citizens' ability to grasp essential economic information. More generally, it will undermine the emergence of a European model of empowered capitalism, based on meaning and values, at a time when the world sorely needs it."
