The new project, led by Project Co-Reporters Yuri Biondi, Colin Haslam, and Corrado Malberti, will investigate the relationship between corporate sustainability, share capital management and financial accounting, by employing a prudential perspective on corporate affairs with a view to achieve the on-going sustainability of companies over time and circumstances.

The project aims to identify actual techniques and mechanisms that are used to enact or which result in unsustainable corporate policies, in order to show their inconsistency with the general principles of share capital maintenance, investor and creditor protections, and broader environmental, social and governance (ESG) considerations.

The project will develop a statement of principles backed by a position paper summarising the comprehensive frame of analysis currently under development. Subject to that outcome, the project may further develop model rules on corporate sustainability comprising a series of legislative, regulatory, and supervisory recommendations on specific legal fields of interest such as company law, accounting law, financial law, and prudential regulation.

More information about the project is available here.

Interested ELI Members are invited to contribute to the project by joining its Members Consultative Committee (MCC). Please notify your interest to join the MCC by sending a message to the ELI Secretariat. More information about MCCs is available here.