ecoDa agrees on the overarching goal of the European Commission to promote sustainable value creation by companies. As a general statement, we welcome all the remarkable work done by the European Commission and the leadership role it plays at the international level to promote sustainable finance and fair competition. The Action Plan on Sustainable Finance has already materialized through important legislative pieces which reinforce the trends observed recently. The engagement of financial actors is creating systemic changes. All these texts, whether they deal with taxonomy or institutional investors' and asset managers' duties, are ultimately impacting company strategy and the operating methods of boards of directors.