AFEP and Deutsches Aktieninstitut are deeply concerned as to negative consequences arising from the judgement of the European Court of Justice (ECJ) in the Achmea case of 6 March 2018.

This document presents a summary of the survey’s results and a set of recommendations aimed at improving the relations between companies and non-financial rating agencies.

Corporates call on the European Union for a better involvement in all discussions and actions in the field of sustainable finance.

As part of the Act4nature multi-stakeholder initiative, 30 AFEP companies have come together in support of biodiversity, with voluntary commitments put forward in July 2018. In total, 65 companies are involved in the initiative, all represented by their Directors.

Since 1995, AFEP and MEDEF have developed governance standards, to help listed companies improve their operations and management in full transparency , thus meeting the expectations of investors and the public. The latest revision of the Code took place in June 2018.

Two years after signing the United Nations Global Pact, AFEP has published its report on commitment to the ten principles in the field of human rights, the environment and anti-corruption measures. The report describes its actions and presents the results.

French companies support the ongoing transatlantic dialogue with a view to avoiding a EU-US trade war. In the event safeguard measures would be taken, French companies invite the European Commission to take into account existing antidumping duties and to grant an exemption to steel and aluminium products imported from Turkey and the EEA countries. Potential rebalancing measures on US made products should minimise the negative impact for EU companies and be based on strictly economic reasoning.

Afep stresses the need for flexibility and to avoid additional costs in its answer to the consultation on the draft technical standard regarding key financial information, publication of prospectuses and supplements and advertisements.